Tellurian (NASDAQ:TELL) Stock Price Up 7.6%

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Tellurian Inc (NASDAQ:TELL)’s share price rose 7.6% on Monday . The stock traded as high as $1.15 and last traded at $1.13, approximately 3,689,719 shares changed hands during mid-day trading. A decline of 14% from the average daily volume of 4,300,510 shares. The stock had previously closed at $1.05.

TELL has been the subject of several analyst reports. Seaport Global Securities cut shares of Tellurian from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 3rd. Stifel Nicolaus cut shares of Tellurian from a “hold” rating to a “sell” rating in a research note on Monday, June 1st. Roth Capital began coverage on shares of Tellurian in a research note on Wednesday, June 10th. They issued a “buy” rating and a $5.25 price target for the company. Credit Suisse Group reaffirmed a “neutral” rating on shares of Tellurian in a research report on Thursday, March 12th. Finally, Raymond James cut shares of Tellurian from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 12th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $6.50.

The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $286.45 million, a PE ratio of -1.60 and a beta of 2.88. The company’s 50-day simple moving average is $1.14 and its 200 day simple moving average is $3.51.

Tellurian (NASDAQ:TELL) last issued its quarterly earnings results on Monday, May 4th. The oil and gas producer reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.04). Tellurian had a negative net margin of 494.44% and a negative return on equity of 83.65%. The business had revenue of $8.22 million during the quarter, compared to analysts’ expectations of $6.42 million. Analysts forecast that Tellurian Inc will post -0.47 EPS for the current year.

A number of hedge funds have recently modified their holdings of the business. State Street Corp boosted its position in Tellurian by 16.1% in the 1st quarter. State Street Corp now owns 3,871,542 shares of the oil and gas producer’s stock valued at $3,499,000 after buying an additional 537,653 shares during the period. HighTower Advisors LLC boosted its position in Tellurian by 240.5% in the 1st quarter. HighTower Advisors LLC now owns 114,586 shares of the oil and gas producer’s stock valued at $103,000 after buying an additional 80,936 shares during the period. Voloridge Investment Management LLC purchased a new position in Tellurian in the 1st quarter valued at approximately $58,000. Advisor Group Holdings Inc. purchased a new position in Tellurian in the 1st quarter valued at approximately $65,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Tellurian in the 1st quarter valued at $35,000. 14.31% of the stock is owned by institutional investors.

Tellurian Company Profile (NASDAQ:TELL)

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) marketing, and infrastructure assets that includes an approximately 27.6 million tons per annum LNG export facility and an associated pipeline in southwest Louisiana.

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