Tellurian Inc. (NYSEAMERICAN:TELL) Director Sells $950,000.00 in Stock

Tellurian Inc. (NYSEAMERICAN:TELL) Director Diana Derycz Kessler sold 1,000,000 shares of Tellurian stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $0.95, for a total transaction of $950,000.00. Following the transaction, the director now directly owns 1,050,000 shares of the company’s stock, valued at approximately $997,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Tellurian Stock Down 2.4 %

Shares of TELL stock opened at $0.92 on Monday. The stock’s 50 day moving average is $0.63. The firm has a market cap of $769.50 million, a P/E ratio of -3.07 and a beta of 2.55. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.68. Tellurian Inc. has a 52 week low of $0.36 and a 52 week high of $1.72.

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 the consensus estimate 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 company had revenue of $25.47 million for the quarter, compared to the consensus estimate of $34.19 million. Analysts anticipate that Tellurian Inc. will post -0.16 earnings per share for the current year.

Analyst Ratings Changes

Separately, B. Riley reiterated a “neutral” rating and set a $1.00 price target (down from $2.50) on shares of Tellurian in a report on Monday, July 22nd.

Institutional Trading of Tellurian

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Tellurian by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 42,954,827 shares of the oil and gas producer’s stock worth $49,828,000 after purchasing an additional 1,844,374 shares in the last quarter. Rafferty Asset Management LLC grew its holdings in shares of Tellurian by 124.5% during the fourth quarter. Rafferty Asset Management LLC now owns 2,910,652 shares of the oil and gas producer’s stock valued at $2,199,000 after buying an additional 1,614,230 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Tellurian by 22.9% during the first quarter. BNP Paribas Financial Markets now owns 1,785,943 shares of the oil and gas producer’s stock worth $1,181,000 after acquiring an additional 333,362 shares in the last quarter. Swiss National Bank raised its holdings in shares of Tellurian by 13.8% in the 1st quarter. Swiss National Bank now owns 1,326,400 shares of the oil and gas producer’s stock worth $877,000 after acquiring an additional 160,900 shares during the last quarter. Finally, Foundations Investment Advisors LLC lifted its position in Tellurian by 4,704.8% in the 4th quarter. Foundations Investment Advisors LLC now owns 1,232,443 shares of the oil and gas producer’s stock valued at $937,000 after acquiring an additional 1,206,793 shares in the last quarter. 48.87% of the stock is currently owned by institutional investors and hedge funds.

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.