Investors Buy Large Volume of Tellurian Call Options (NASDAQ:TELL)

Tellurian Inc (NASDAQ:TELL) was the recipient of unusually large options trading on Thursday. Stock traders purchased 12,501 call options on the company. This is an increase of approximately 2,082% compared to the typical daily volume of 573 call options.

NASDAQ TELL opened at $8.00 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.25 and a current ratio of 3.25. Tellurian has a 52-week low of $5.90 and a 52-week high of $11.91. The stock has a market cap of $1.77 billion, a P/E ratio of -14.04 and a beta of 1.99.

Tellurian (NASDAQ:TELL) last released its quarterly earnings results on Wednesday, May 8th. The oil and gas producer reported ($0.16) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.04). The company had revenue of $4.96 million for the quarter, compared to analysts’ expectations of $8.88 million. Tellurian had a negative return on equity of 43.26% and a negative net margin of 1,595.25%. Analysts predict that Tellurian will post -0.53 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in the stock. Electron Capital Partners LLC lifted its position in Tellurian by 58.7% in the first quarter. Electron Capital Partners LLC now owns 3,069,483 shares of the oil and gas producer’s stock valued at $34,378,000 after purchasing an additional 1,135,798 shares during the period. Morgan Stanley lifted its position in Tellurian by 154.9% in the first quarter. Morgan Stanley now owns 596,766 shares of the oil and gas producer’s stock valued at $6,683,000 after purchasing an additional 362,635 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in Tellurian in the first quarter valued at about $75,000. SEI Investments Co acquired a new stake in Tellurian in the first quarter valued at about $765,000. Finally, Geode Capital Management LLC lifted its position in Tellurian by 8.0% in the first quarter. Geode Capital Management LLC now owns 1,213,236 shares of the oil and gas producer’s stock valued at $13,588,000 after purchasing an additional 89,355 shares during the period. Hedge funds and other institutional investors own 21.60% of the company’s stock.

TELL has been the topic of a number of research reports. Zacks Investment Research lowered Tellurian from a “hold” rating to a “sell” rating in a report on Thursday, February 21st. Credit Suisse Group raised their price target on Tellurian from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Thursday, February 28th. BTIG Research initiated coverage on Tellurian in a report on Monday, March 11th. They set a “buy” rating and a $20.00 price target on the stock. BidaskClub lowered Tellurian from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 12th. Finally, Gabelli initiated coverage on Tellurian in a report on Monday, May 13th. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. Tellurian has an average rating of “Buy” and a consensus target price of $14.21.

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About Tellurian

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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