Tellurian (TELL) Hits New 52-Week Low at $6.32

Tellurian Inc (NASDAQ:TELL) shares reached a new 52-week low during trading on Thursday . The company traded as low as $6.32 and last traded at $6.75, with a volume of 170726 shares trading hands. The stock had previously closed at $7.07.

A number of research firms have recently commented on TELL. BidaskClub upgraded Tellurian from a “sell” rating to a “hold” rating in a research note on Wednesday, August 29th. Robert W. Baird began coverage on Tellurian in a research note on Tuesday, August 14th. They issued an “outperform” rating and a $15.00 target price for the company. Zacks Investment Research cut Tellurian from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Wolfe Research began coverage on Tellurian in a research note on Tuesday, November 13th. They issued a “market perform” rating for the company. Finally, Credit Suisse Group began coverage on Tellurian in a research note on Thursday, October 11th. They issued an “outperform” rating and a $15.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $12.29.

The company has a market cap of $1.67 billion, a P/E ratio of -8.29 and a beta of 1.78. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.61 and a quick ratio of 4.61.

Tellurian (NASDAQ:TELL) last released its earnings results on Wednesday, November 7th. The oil and gas producer reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.01). The firm had revenue of $0.80 million during the quarter, compared to analysts’ expectations of $0.83 million. Tellurian had a negative net margin of 930.79% and a negative return on equity of 45.00%. On average, analysts forecast that Tellurian Inc will post -0.59 earnings per share for the current year.

In related news, Director Charif Souki acquired 50,000 shares of Tellurian stock in a transaction that occurred on Tuesday, November 20th. The stock was bought at an average price of $7.29 per share, with a total value of $364,500.00. Following the transaction, the director now directly owns 28,548,728 shares in the company, valued at $208,120,227.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 44.80% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Tellurian by 4.3% during the third quarter. Vanguard Group Inc. now owns 8,433,168 shares of the oil and gas producer’s stock valued at $75,645,000 after buying an additional 346,785 shares during the last quarter. MetLife Investment Advisors LLC boosted its holdings in shares of Tellurian by 55.2% in the third quarter. MetLife Investment Advisors LLC now owns 60,418 shares of the oil and gas producer’s stock valued at $542,000 after purchasing an additional 21,478 shares during the period. PEAK6 Investments LLC purchased a new stake in shares of Tellurian in the third quarter valued at approximately $975,000. Roosevelt Investment Group Inc. purchased a new stake in shares of Tellurian in the third quarter valued at approximately $611,000. Finally, BlackRock Inc. boosted its holdings in shares of Tellurian by 14.2% in the third quarter. BlackRock Inc. now owns 5,871,459 shares of the oil and gas producer’s stock valued at $52,666,000 after purchasing an additional 730,061 shares during the period. 19.07% of the stock is owned by institutional investors.

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About Tellurian (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) trading, and infrastructure that includes an approximately 27.6 million tons per annum LNG export facility and an associated pipeline.

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