Tellurian (NYSEAMERICAN:TELL) Trading Down 2.4%

Tellurian Inc. (NYSEAMERICAN:TELL) shares dropped 2.4% on Wednesday . The company traded as low as $0.63 and last traded at $0.63. Approximately 1,720,411 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 37,414,258 shares. The stock had previously closed at $0.64.

Wall Street Analysts Forecast Growth

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

Tellurian Stock Performance

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 business has a 50-day moving average of $0.66.

Tellurian (NYSEAMERICAN:TELL) last issued its earnings results on Thursday, May 2nd. The oil and gas producer reported ($0.06) EPS for the quarter, missing the consensus estimate 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 return on equity of 25.12% and a negative net margin of 129.88%. Equities analysts predict that Tellurian Inc. will post -0.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tellurian

A number of large investors have recently bought and sold shares of the stock. Traynor Capital Management Inc. grew its holdings in Tellurian by 141.3% in the 4th 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 period. Payden & Rygel Investment Group purchased a new stake in Tellurian in the first quarter valued at approximately $26,000. Tower Research Capital LLC TRC increased its position in 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 worth $41,000 after purchasing an additional 21,518 shares during the last quarter. ORG Partners LLC purchased a new position in Tellurian during the fourth quarter worth approximately $50,000. Finally, Tucker Asset Management LLC acquired a new position in shares of Tellurian in the 3rd quarter valued at $68,000. Institutional investors and hedge funds 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.