Tellurian (NYSEAMERICAN:TELL) Shares Down 2.4%

Tellurian Inc. (NYSEAMERICAN:TELL)’s share price was down 2.4% during mid-day trading on Wednesday . The company traded as low as $0.63 and last traded at $0.63. Approximately 1,720,411 shares were traded during trading, a decline of 95% from the average daily volume of 37,414,258 shares. The stock had previously closed at $0.64.

Analyst Ratings Changes

Separately, B. Riley reduced their price objective on shares of Tellurian from $3.00 to $2.50 and set a “buy” rating for the company in a research report on Friday, May 31st.

Tellurian Price Performance

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

Tellurian (NYSEAMERICAN:TELL) last issued its earnings results on Thursday, May 2nd. The oil and gas producer reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Tellurian had a negative return on equity of 25.12% and a negative net margin of 129.88%. The firm had revenue of $25.47 million during the quarter, compared to the consensus estimate of $34.19 million. On average, analysts predict that Tellurian Inc. will post -0.19 earnings per share for the current year.

Hedge Funds Weigh In On Tellurian

Several large investors have recently bought and sold shares of TELL. Vanguard Group Inc. raised its stake in shares of Tellurian by 12.5% during the 1st quarter. Vanguard Group Inc. now owns 37,380,931 shares of the oil and gas producer’s stock worth $24,724,000 after purchasing an additional 4,149,531 shares during the period. Rafferty Asset Management LLC raised its stake in shares of Tellurian by 124.5% during the 4th quarter. Rafferty Asset Management LLC now owns 2,910,652 shares of the oil and gas producer’s stock worth $2,199,000 after purchasing an additional 1,614,230 shares during the period. Foundations Investment Advisors LLC raised its stake in shares of Tellurian by 4,704.8% during the 4th quarter. Foundations Investment Advisors LLC now owns 1,232,443 shares of the oil and gas producer’s stock worth $937,000 after purchasing an additional 1,206,793 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Tellurian by 343.4% during the 4th quarter. BNP Paribas Financial Markets now owns 1,452,581 shares of the oil and gas producer’s stock worth $1,098,000 after purchasing an additional 1,124,976 shares during the period. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Tellurian during the 4th quarter worth $569,000. 48.87% of the stock is currently owned by institutional investors.

About Tellurian

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.