Tellurian (NYSEAMERICAN:TELL) Stock Price Up 4.5%

Tellurian Inc. (NYSEAMERICAN:TELL)’s share price rose 4.5% on Wednesday . The stock traded as high as $0.64 and last traded at $0.63. Approximately 3,324,281 shares were traded during trading, a decline of 91% from the average daily volume of 37,257,680 shares. The stock had previously closed at $0.60.

Analysts Set New Price Targets

Separately, B. Riley cut their price objective on shares of Tellurian from $3.00 to $2.50 and set a “buy” rating on the stock in a report on Friday, May 31st.

Tellurian Stock Up 5.3 %

The firm has a market cap of $528.41 million, a P/E ratio of -2.00 and a beta of 2.55. The business’s 50-day simple moving average is $0.65. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.46 and a quick ratio of 0.46.

Tellurian (NYSEAMERICAN:TELL) last posted its earnings results on Thursday, May 2nd. The oil and gas producer reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The business had revenue of $25.47 million for the quarter, compared to analyst estimates of $34.19 million. Tellurian had a negative net margin of 129.88% and a negative return on equity of 25.12%. As a group, analysts expect that Tellurian Inc. will post -0.16 EPS for the current year.

Institutional Trading of Tellurian

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Tellurian by 4.5% during the third quarter. Vanguard Group Inc. now owns 42,954,827 shares of the oil and gas producer’s stock worth $49,828,000 after purchasing an additional 1,844,374 shares in the last quarter. SG Americas Securities LLC grew its stake in Tellurian by 31.5% during the 4th quarter. SG Americas Securities LLC now owns 306,395 shares of the oil and gas producer’s stock valued at $232,000 after acquiring an additional 73,428 shares in the last quarter. New York State Common Retirement Fund grew its stake in Tellurian by 73.0% during the 4th quarter. New York State Common Retirement Fund now owns 787,273 shares of the oil and gas producer’s stock valued at $595,000 after acquiring an additional 332,323 shares in the last quarter. Rafferty Asset Management LLC grew its stake in Tellurian by 124.5% during the 4th quarter. Rafferty Asset Management LLC now owns 2,910,652 shares of the oil and gas producer’s stock valued at $2,199,000 after acquiring an additional 1,614,230 shares in the last quarter. Finally, Beacon Pointe Advisors LLC grew its stake in Tellurian by 55.3% during the 4th quarter. Beacon Pointe Advisors LLC now owns 104,313 shares of the oil and gas producer’s stock valued at $79,000 after acquiring an additional 37,164 shares in the last quarter. Hedge funds and other institutional investors own 48.87% of the company’s stock.

About Tellurian

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.