Tellurian Inc (NASDAQ:TELL) shares were up 9.3% during trading on Thursday . The company traded as high as $8.11 and last traded at $8.00. Approximately 3,489,181 shares changed hands during trading, an increase of 101% from the average daily volume of 1,733,394 shares. The stock had previously closed at $7.32.
A number of analysts have recently issued reports on the stock. Raymond James assumed coverage on shares of Tellurian in a report on Wednesday, February 13th. They set an “outperform” rating and a $12.00 price objective for the company. Credit Suisse Group lifted their price objective on shares of Tellurian from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Thursday, February 28th. BTIG Research assumed coverage on shares of Tellurian in a report on Monday, March 11th. They set a “buy” rating and a $20.00 price objective for the company. BidaskClub downgraded shares of Tellurian from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 12th. Finally, Zacks Investment Research raised shares of Tellurian from a “sell” rating to a “hold” rating in a report on Friday, March 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. Tellurian currently has an average rating of “Buy” and a consensus price target of $14.21.
The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.25 and a current ratio of 3.25. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of -14.04 and a beta of 1.99.
Tellurian (NASDAQ:TELL) last posted its quarterly earnings results on Wednesday, May 8th. The oil and gas producer reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.04). The business had revenue of $4.96 million during the quarter, compared to the consensus estimate of $8.88 million. Tellurian had a negative return on equity of 43.26% and a negative net margin of 1,595.25%. Equities analysts anticipate that Tellurian Inc will post -0.53 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of TELL. Electron Capital Partners LLC lifted its stake 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 worth $34,378,000 after purchasing an additional 1,135,798 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in Tellurian by 1,023.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 692,741 shares of the oil and gas producer’s stock worth $4,814,000 after purchasing an additional 631,100 shares during the last quarter. Salient Capital Advisors LLC lifted its stake in Tellurian by 100.0% in the first quarter. Salient Capital Advisors LLC now owns 753,526 shares of the oil and gas producer’s stock worth $8,439,000 after purchasing an additional 376,699 shares during the last quarter. Morgan Stanley lifted its stake in Tellurian by 154.9% in the first quarter. Morgan Stanley now owns 596,766 shares of the oil and gas producer’s stock worth $6,683,000 after purchasing an additional 362,635 shares during the last quarter. Finally, Yaupon Capital Management LP bought a new stake in Tellurian in the fourth quarter worth $1,915,000. 21.60% of the stock is owned by institutional investors and hedge funds.
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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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