Tellurian (NYSEAMERICAN:TELL) Shares Down 5.5%

Tellurian Inc. (NYSEAMERICAN:TELL)’s stock price was down 5.5% on Friday . The stock traded as low as $0.82 and last traded at $0.89. Approximately 61,810,391 shares traded hands during trading, an increase of 51% from the average daily volume of 40,845,305 shares. The stock had previously closed at $0.94.

Analyst Ratings Changes

Separately, B. Riley reissued a “neutral” rating and issued a $1.00 target price (down previously from $2.50) on shares of Tellurian in a report on Monday.

Tellurian Stock Down 1.9 %

The company has a market capitalization of $773.60 million, a PE ratio of -2.97 and a beta of 2.55. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.68. The company’s 50 day simple moving average is $0.63.

Tellurian (NYSEAMERICAN:TELL) last issued 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 company had revenue of $25.47 million for the quarter, compared to analysts’ expectations 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, sell-side analysts predict that Tellurian Inc. will post -0.16 earnings per share for the current fiscal year.

Institutional Trading of Tellurian

Hedge funds have recently added to or reduced their stakes in the business. Traynor Capital Management Inc. lifted its position in shares of Tellurian by 141.3% during the fourth quarter. Traynor Capital Management Inc. now owns 34,158 shares of the oil and gas producer’s stock valued at $26,000 after buying an additional 20,000 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Tellurian by 66.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 53,788 shares of the oil and gas producer’s stock valued at $41,000 after buying an additional 21,518 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Tellurian by 6.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 508,768 shares of the oil and gas producer’s stock valued at $337,000 after buying an additional 28,634 shares during the last quarter. Beacon Pointe Advisors LLC lifted its position in shares of Tellurian by 55.3% during the fourth quarter. Beacon Pointe Advisors LLC now owns 104,313 shares of the oil and gas producer’s stock valued at $79,000 after buying an additional 37,164 shares during the last quarter. Finally, Payden & Rygel Investment Group purchased a new stake in shares of Tellurian during the first quarter valued at about $26,000. 48.87% of the stock is owned by hedge funds and other institutional investors.

Tellurian Company Profile

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.