Tellurian (NYSEAMERICAN:TELL) Trading Down 4.6%

Tellurian Inc. (NYSEAMERICAN:TELL) shares dropped 4.6% during trading on Tuesday . The company traded as low as $0.61 and last traded at $0.61. Approximately 2,530,121 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 37,316,215 shares. The stock had previously closed at $0.64.

Analyst Ratings Changes

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

Tellurian Stock Performance

The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.68. The business has a fifty day simple moving average of $0.65. The stock has a market cap of $524.32 million, a PE ratio of -2.05 and a beta of 2.55.

Tellurian (NYSEAMERICAN:TELL) last released its earnings results on Thursday, May 2nd. The oil and gas producer reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Tellurian had a negative return on equity of 25.12% and a negative net margin of 129.88%. The firm had revenue of $25.47 million for the quarter, compared to the consensus estimate of $34.19 million. As a group, analysts forecast that Tellurian Inc. will post -0.16 EPS for the current fiscal year.

Institutional Trading of Tellurian

Several institutional investors have recently modified their holdings of the company. Virtu Financial LLC acquired a new position in shares of Tellurian during the 1st quarter valued at about $402,000. California State Teachers Retirement System boosted its stake in shares of Tellurian by 8.6% in the 1st quarter. California State Teachers Retirement System now owns 662,735 shares of the oil and gas producer’s stock valued at $438,000 after purchasing an additional 52,279 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Tellurian by 6.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 508,768 shares of the oil and gas producer’s stock worth $337,000 after acquiring an additional 28,634 shares during the last quarter. Payden & Rygel Investment Group bought a new stake in Tellurian during the 1st quarter worth about $26,000. Finally, Cedar Wealth Management LLC acquired a new stake in shares of Tellurian in the 1st quarter valued at $121,000. Institutional investors and hedge funds own 48.87% of the company’s stock.

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.