Shares of Tellurian Inc. (NYSEAMERICAN:TELL - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $0.96, but opened at $0.93. Tellurian shares last traded at $0.86, with a volume of 4,509,779 shares.
Analyst Ratings Changes
Separately, Morgan Stanley decreased their price objective on Tellurian from $2.50 to $1.00 and set an "equal weight" rating for the company in a report on Tuesday, February 13th.
View Our Latest Stock Report on Tellurian
Tellurian Stock Down 25.0 %
The stock has a market cap of $457.21 million, a PE ratio of -2.48 and a beta of 2.36. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.77. The business has a 50-day moving average of $0.87.
Tellurian (NYSEAMERICAN:TELL - Get Free Report) last released its earnings results on Friday, February 23rd. The oil and gas producer reported ($0.01) earnings per share for the quarter, topping analysts' consensus estimates of ($0.04) by $0.03. The firm had revenue of $39.96 million during the quarter, compared to the consensus estimate of $55.22 million. Tellurian had a negative return on equity of 22.05% and a negative net margin of 100.03%. On average, analysts forecast that Tellurian Inc. will post -0.21 EPS for the current year.
Institutional Investors Weigh In On Tellurian
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. raised its stake in Tellurian by 37.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 143,324 shares of the oil and gas producer's stock valued at $760,000 after purchasing an additional 38,825 shares during the period. Bank of New York Mellon Corp raised its stake in Tellurian by 1.0% during the 1st quarter. Bank of New York Mellon Corp now owns 1,187,669 shares of the oil and gas producer's stock valued at $6,295,000 after purchasing an additional 12,317 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in Tellurian by 25.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 39,110 shares of the oil and gas producer's stock valued at $207,000 after purchasing an additional 8,037 shares during the period. MetLife Investment Management LLC raised its stake in Tellurian by 40.3% during the 1st quarter. MetLife Investment Management LLC now owns 179,743 shares of the oil and gas producer's stock valued at $953,000 after purchasing an additional 51,625 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new stake in Tellurian during the 1st quarter valued at $78,000. Institutional investors and hedge funds own 32.62% of the company's stock.
About Tellurian
(
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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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