Tellurian (NYSEAMERICAN:TELL) Posts Earnings Results, Misses Expectations By $0.01 EPS

Tellurian (NYSEAMERICAN:TELL) released its quarterly earnings data on Thursday. The oil and gas producer reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01), reports. The company had revenue of $25.47 million during 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 25.62%.

Tellurian Trading Up 1.5 %

Shares of Tellurian stock opened at $0.43 on Friday. The business’s 50-day moving average price is $0.74. Tellurian has a 12-month low of $0.36 and a 12-month high of $1.76. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.66 and a current ratio of 0.66.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its stake in Tellurian by 576.8% during the third quarter. SG Americas Securities LLC now owns 232,967 shares of the oil and gas producer’s stock worth $270,000 after acquiring an additional 198,546 shares in the last quarter. Principal Financial Group Inc. increased its position in Tellurian by 36.6% during the 3rd quarter. Principal Financial Group Inc. now owns 77,870 shares of the oil and gas producer’s stock worth $90,000 after purchasing an additional 20,872 shares in the last quarter. New York State Common Retirement Fund lifted its stake in Tellurian by 20.7% in the 3rd quarter. New York State Common Retirement Fund now owns 454,950 shares of the oil and gas producer’s stock valued at $528,000 after purchasing an additional 77,997 shares during the last quarter. Kestra Private Wealth Services LLC boosted its position in Tellurian by 70.8% in the third quarter. Kestra Private Wealth Services LLC now owns 41,000 shares of the oil and gas producer’s stock valued at $48,000 after buying an additional 17,000 shares in the last quarter. Finally, Payden & Rygel Investment Group bought a new stake in shares of Tellurian during the third quarter worth $46,000. 48.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Morgan Stanley cut their price objective on Tellurian from $2.50 to $1.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 13th.

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.