Tellurian (NASDAQ:TELL) Trading Down 18.4%

Shares of Tellurian Inc (NASDAQ:TELL) were down 18.4% during trading on Friday . The company traded as low as $7.46 and last traded at $7.50, approximately 4,660,599 shares were traded during trading. An increase of 142% from the average daily volume of 1,923,971 shares. The stock had previously closed at $9.19.

A number of analysts have commented on TELL shares. BidaskClub upgraded shares of Tellurian from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Stifel Nicolaus downgraded shares of Tellurian from a “buy” rating to a “hold” rating and cut their price objective for the stock from $16.00 to $9.00 in a report on Tuesday, July 16th. ValuEngine downgraded shares of Tellurian from a “buy” rating to a “hold” rating in a report on Wednesday. Bank of America downgraded shares of Tellurian from a “buy” rating to a “neutral” rating in a report on Friday. Finally, Gabelli initiated coverage on shares of 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, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $13.38.

The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $1.82 billion, a PE ratio of -13.16 and a beta of 1.76. The stock’s fifty day simple moving average is $6.77 and its 200-day simple moving average is $8.64.

Tellurian (NASDAQ:TELL) last posted its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported ($0.19) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.01). The firm had revenue of $5.33 million for the quarter, compared to analysts’ expectations of $21.39 million. Tellurian had a negative return on equity of 48.80% and a negative net margin of 1,074.80%. Tellurian’s revenue was up 555.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.17) earnings per share. As a group, analysts anticipate that Tellurian Inc will post -0.58 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Legal & General Group Plc boosted its holdings in shares of Tellurian by 12.1% in the 4th quarter. Legal & General Group Plc now owns 15,398 shares of the oil and gas producer’s stock worth $107,000 after buying an additional 1,660 shares during the last quarter. Sterling Investment Advisors Ltd. purchased a new position in shares of Tellurian in the 1st quarter worth about $45,000. Regal Wealth Group Inc. purchased a new position in shares of Tellurian in the 2nd quarter worth about $32,000. CoreCommodity Management LLC boosted its holdings in shares of Tellurian by 4.5% in the 2nd quarter. CoreCommodity Management LLC now owns 104,063 shares of the oil and gas producer’s stock worth $817,000 after buying an additional 4,475 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Tellurian by 599.2% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,747 shares of the oil and gas producer’s stock worth $69,000 after buying an additional 7,496 shares during the last quarter. 20.95% of the stock is currently owned by hedge funds and other institutional investors.

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) 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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