Tellurian (NYSEAMERICAN:TELL) Sets New 1-Year Low at $1.54

Tellurian Inc. (NYSEAMERICAN:TELLGet Rating) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $1.54 and last traded at $2.20, with a volume of 2161263 shares traded. The stock had previously closed at $2.77.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Bank of America raised shares of Tellurian from a “neutral” rating to a “buy” rating and decreased their price target for the company from $6.50 to $4.50 in a report on Tuesday, August 9th. Evercore ISI downgraded Tellurian from an “outperform” rating to an “in-line” rating and lowered their price target for the stock from $7.50 to $4.50 in a report on Tuesday, August 2nd. Finally, Credit Suisse Group cut their price objective on Tellurian from $8.00 to $7.00 in a report on Monday, June 6th.

Tellurian Stock Performance

The stock has a market capitalization of $1.36 billion, a P/E ratio of -8.04 and a beta of 2.15. The firm’s 50-day moving average price is $3.93. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 0.66.

Hedge Funds Weigh In On Tellurian

Several large investors have recently modified their holdings of TELL. State Street Corp grew its holdings in Tellurian by 27.3% in the 2nd quarter. State Street Corp now owns 36,631,488 shares of the oil and gas producer’s stock valued at $109,162,000 after buying an additional 7,856,617 shares in the last quarter. Paulson & CO. Inc. acquired a new position in shares of Tellurian in the fourth quarter valued at about $15,400,000. Salient Capital Advisors LLC increased its position in Tellurian by 100.1% during the second quarter. Salient Capital Advisors LLC now owns 5,135,777 shares of the oil and gas producer’s stock worth $15,305,000 after acquiring an additional 2,568,885 shares during the period. Goldman Sachs Group Inc. raised its stake in Tellurian by 211.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,792,885 shares of the oil and gas producer’s stock worth $14,802,000 after purchasing an additional 1,896,469 shares in the last quarter. Finally, Long Focus Capital Management LLC acquired a new position in shares of Tellurian during the 4th quarter worth approximately $5,698,000. 45.30% of the stock is owned by institutional investors.

About Tellurian

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Tellurian Inc engages in the natural gas business 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. It owns interests in 11,060 net acres of natural gas assets and 78 producing wells located in the Haynesville Shale trend of northern Louisiana.

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