Tellurian Inc (TELL) Director Buys $566,304.75 in Stock

Tellurian Inc (NASDAQ:TELL) Director Don A. Turkleson bought 83,897 shares of the firm’s stock in a transaction dated Tuesday, December 11th. The stock was purchased at an average price of $6.75 per share, for a total transaction of $566,304.75. Following the transaction, the director now owns 126,121 shares of the company’s stock, valued at $851,316.75. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

NASDAQ TELL opened at $6.88 on Friday. The company has a market capitalization of $1.64 billion, a PE ratio of -8.39 and a beta of 1.78. Tellurian Inc has a 1-year low of $6.32 and a 1-year high of $12.45. The company has a current ratio of 4.61, a quick ratio of 4.61 and a debt-to-equity ratio of 0.17.

Tellurian (NASDAQ:TELL) last released its earnings results on Wednesday, November 7th. The oil and gas producer reported ($0.15) earnings per share for the quarter, missing the 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, research analysts predict that Tellurian Inc will post -0.58 earnings per share for the current fiscal year.



Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC lifted its position in shares of Tellurian by 23.3% in the second quarter. MetLife Investment Advisors LLC now owns 38,940 shares of the oil and gas producer’s stock valued at $324,000 after acquiring an additional 7,357 shares in the last quarter. Ahrens Investment Partners LLC lifted its position in Tellurian by 44.8% during the second quarter. Ahrens Investment Partners LLC now owns 24,710 shares of the oil and gas producer’s stock worth $206,000 after buying an additional 7,650 shares in the last quarter. California Public Employees Retirement System lifted its position in Tellurian by 27.1% during the second quarter. California Public Employees Retirement System now owns 41,083 shares of the oil and gas producer’s stock worth $342,000 after buying an additional 8,758 shares in the last quarter. Gradient Investments LLC purchased a new position in Tellurian during the third quarter worth approximately $103,000. Finally, PEAK6 Investments L.P. purchased a new position in Tellurian during the second quarter worth approximately $125,000. Institutional investors and hedge funds own 19.07% of the company’s stock.

Several equities analysts have recently weighed in on the company. BidaskClub upgraded Tellurian from a “sell” rating to a “hold” rating in a research report on Wednesday, August 29th. Cowen downgraded Tellurian from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 26th. Bank of America assumed coverage on Tellurian in a research report on Monday, October 8th. They issued a “buy” rating on the stock. Robert W. Baird set a $17.00 target price on Tellurian and gave the company a “buy” rating in a research report on Monday, September 17th. Finally, Credit Suisse Group assumed coverage on Tellurian in a research report on Thursday, October 11th. They issued an “outperform” rating and a $15.00 target price on the stock. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Tellurian has an average rating of “Hold” and an average target price of $11.95.

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

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