Tellurian Inc (NASDAQ:TELL) major shareholder Total Delaware, Inc. sold 84,511 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $0.99, for a total transaction of $83,665.89. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Total Delaware, Inc. also recently made the following trade(s):

  • On Friday, July 10th, Total Delaware, Inc. sold 150,000 shares of Tellurian stock. The shares were sold at an average price of $1.04, for a total transaction of $156,000.00.
  • On Wednesday, July 8th, Total Delaware, Inc. sold 595,833 shares of Tellurian stock. The shares were sold at an average price of $1.03, for a total transaction of $613,707.99.

TELL opened at $0.89 on Friday. The firm has a market cap of $248.17 million, a P/E ratio of -1.24 and a beta of 2.87. The firm has a 50-day moving average of $1.11 and a 200 day moving average of $2.58. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.06 and a current ratio of 1.06. Tellurian Inc has a fifty-two week low of $0.67 and a fifty-two week high of $9.28.

Tellurian (NASDAQ:TELL) last posted its quarterly earnings results on Monday, May 4th. The oil and gas producer reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.04). The company had revenue of $8.22 million for the quarter, compared to the consensus estimate of $6.42 million. Tellurian had a negative net margin of 494.44% and a negative return on equity of 83.65%. Equities research analysts predict that Tellurian Inc will post -0.45 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on the stock. BidaskClub downgraded shares of Tellurian from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 25th. Morgan Stanley reiterated a “sell” rating on shares of Tellurian in a research report on Sunday, July 5th. Roth Capital assumed coverage on shares of Tellurian in a research report on Wednesday, June 10th. They set a “buy” rating and a $5.25 target price on the stock. Zacks Investment Research upgraded shares of Tellurian from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Stifel Nicolaus downgraded shares of Tellurian from a “hold” rating to a “sell” rating in a report on Monday, June 1st. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Tellurian has an average rating of “Hold” and a consensus target price of $6.14.

A number of institutional investors and hedge funds have recently bought and sold shares of TELL. GSA Capital Partners LLP bought a new position in Tellurian during the first quarter valued at about $26,000. Engineers Gate Manager LP bought a new position in Tellurian during the first quarter worth about $35,000. Advisor Group Inc. boosted its position in Tellurian by 50.5% during the fourth quarter. Advisor Group Inc. now owns 4,900 shares of the oil and gas producer’s stock worth $36,000 after purchasing an additional 1,645 shares during the period. Cambridge Investment Research Advisors Inc. bought a new position in Tellurian during the first quarter worth about $39,000. Finally, Harbour Capital Advisors LLC bought a new position in Tellurian during the first quarter worth about $41,000. Institutional investors own 14.32% of the company’s stock.

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) 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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