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.
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.
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.
Further Reading: Correction
Receive News & Ratings for Tellurian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tellurian and related companies with MarketBeat.com's FREE daily email newsletter.