Tellurian (NYSEAMERICAN:TELL) Trading Down 5.3%

Tellurian Inc. (NYSEAMERICAN:TELLGet Free Report) shares dropped 5.3% on Tuesday . The stock traded as low as $0.68 and last traded at $0.68. Approximately 3,099,202 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 36,907,012 shares. The stock had previously closed at $0.72.

Analyst Ratings Changes

Separately, B. Riley cut their target price on shares of Tellurian from $3.00 to $2.50 and set a “buy” rating on the stock in a report on Friday, May 31st.

Check Out Our Latest Research Report on Tellurian

Tellurian Trading Up 6.1 %

The business has a 50-day simple moving average of $0.66. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.68.

Tellurian (NYSEAMERICAN:TELLGet Free Report) last posted its earnings results on Thursday, May 2nd. The oil and gas producer reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The firm had revenue of $25.47 million during the quarter, compared to analyst estimates of $34.19 million. Tellurian had a negative net margin of 129.88% and a negative return on equity of 25.12%. On average, equities analysts predict that Tellurian Inc. will post -0.18 EPS for the current year.

Institutional Trading of Tellurian

Institutional investors have recently modified their holdings of the stock. Traynor Capital Management Inc. raised its position in Tellurian by 141.3% during the fourth quarter. Traynor Capital Management Inc. now owns 34,158 shares of the oil and gas producer’s stock valued at $26,000 after purchasing an additional 20,000 shares in the last quarter. Payden & Rygel Investment Group acquired a new position in Tellurian during the first quarter worth about $26,000. Tower Research Capital LLC TRC boosted its stake in shares of Tellurian by 66.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 53,788 shares of the oil and gas producer’s stock valued at $41,000 after purchasing an additional 21,518 shares in the last quarter. Summit Financial Wealth Advisors LLC acquired a new position in Tellurian during the 3rd quarter worth approximately $42,000. Finally, ORG Partners LLC bought a new position in Tellurian in the 4th quarter valued at approximately $50,000. 48.87% of the stock is currently owned by institutional investors.

About Tellurian

(Get Free Report)

Tellurian Inc engages in the natural gas business worldwide. It operates through three segments: The Upstream, The Midstream, and The Marketing & Trading. The company produces, gathers, purchases, sells, and delivers natural gas; acquires and develops natural gas assets; and develops, constructs, and operates liquefied natural gas terminals and pipelines.

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