Tellurian Inc (TELL) Director Buys $212,400.00 in Stock

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Tellurian Inc (NASDAQ:TELL) Director Charif Souki acquired 30,000 shares of Tellurian stock in a transaction on Thursday, November 15th. The shares were purchased at an average cost of $7.08 per share, with a total value of $212,400.00. Following the completion of the purchase, the director now directly owns 28,518,728 shares of the company’s stock, valued at approximately $201,912,594.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of NASDAQ TELL traded up $0.10 during mid-day trading on Friday, reaching $8.02. The company had a trading volume of 1,926,862 shares, compared to its average volume of 1,564,434. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.61 and a quick ratio of 4.61. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of -9.78 and a beta of 1.77. Tellurian Inc has a 12-month low of $6.45 and a 12-month high of $13.74.

Tellurian (NASDAQ:TELL) last posted its quarterly earnings results on Wednesday, November 7th. The oil and gas producer reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). The company had revenue of $0.80 million during the quarter, compared to analysts’ expectations of $0.83 million. Tellurian had a negative return on equity of 45.00% and a negative net margin of 930.79%. On average, analysts predict that Tellurian Inc will post -0.59 EPS for the current year.

A number of research firms have commented on TELL. BidaskClub raised shares of Tellurian from a “sell” rating to a “hold” rating in a research note on Wednesday, August 29th. Cowen lowered shares of Tellurian from an “outperform” rating to a “market perform” rating in a research note on Wednesday, September 26th. Bank of America began coverage on shares of Tellurian in a research note on Monday, October 8th. They set a “buy” rating for the company. Credit Suisse Group began coverage on shares of Tellurian in a research note on Thursday, October 11th. They set an “outperform” rating and a $15.00 price objective for the company. Finally, Robert W. Baird set a $17.00 price objective on shares of Tellurian and gave the company a “buy” rating in a research note on Monday, September 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $12.46.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Gradient Investments LLC purchased a new stake in shares of Tellurian in the third quarter worth approximately $103,000. Amalgamated Bank purchased a new stake in shares of Tellurian in the second quarter worth approximately $103,000. PEAK6 Investments L.P. purchased a new stake in shares of Tellurian in the second quarter worth approximately $125,000. Engineers Gate Manager LP purchased a new stake in shares of Tellurian in the second quarter worth approximately $181,000. Finally, Ahrens Investment Partners LLC lifted its position in shares of Tellurian by 44.8% in the second quarter. Ahrens Investment Partners LLC now owns 24,710 shares of the oil and gas producer’s stock worth $206,000 after purchasing an additional 7,650 shares in the last quarter. 17.29% of the stock is owned by institutional investors and hedge funds.

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Tellurian Company Profile

Tellurian Inc plans to develop, own, and operate a natural gas business and to deliver natural gas to customers worldwide. The company is developing a portfolio of natural gas production, liquefied natural gas (LNG) trading, and infrastructure that includes an approximately 27.6 million tons per annum LNG export facility and an associated pipeline.

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