Tellurian (NYSEAMERICAN:TELL) Sees Strong Trading Volume

Shares of Tellurian Inc. (NYSEAMERICAN:TELL) saw an uptick in trading volume on Monday . 68,772,597 shares traded hands during mid-day trading, an increase of 84% from the previous session’s volume of 37,288,977 shares.The stock last traded at $0.94 and had previously closed at $0.57.

Analyst Upgrades and Downgrades

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

Tellurian Stock Up 0.8 %

The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.46 and a current ratio of 0.46. The stock has a market cap of $794.42 million, a P/E ratio of -3.17 and a beta of 2.55. The company has a 50-day simple moving average of $0.63.

Tellurian (NYSEAMERICAN:TELL) last posted its quarterly 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). The company had revenue of $25.47 million during the quarter, compared to the consensus estimate of $34.19 million. Tellurian had a negative return on equity of 25.12% and a negative net margin of 129.88%. As a group, sell-side analysts expect that Tellurian Inc. will post -0.16 EPS for the current fiscal year.

Institutional Trading of Tellurian

Large investors have recently bought and sold shares of the business. Virtu Financial LLC bought a new stake in Tellurian in the 1st quarter valued at $402,000. California State Teachers Retirement System lifted its holdings in shares of Tellurian by 8.6% in the first 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 lifted its holdings in shares of Tellurian by 6.0% in 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 purchasing an additional 28,634 shares in the last quarter. Payden & Rygel Investment Group acquired a new position in shares of Tellurian during the first quarter worth about $26,000. Finally, Cedar Wealth Management LLC bought a new position in shares of Tellurian during the first quarter worth about $121,000. 48.87% of the stock is owned by 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.