Tellurian Inc (NASDAQ:TELL) major shareholder Total Delaware, Inc. sold 84,511 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $0.99, for a total value of $83,665.89. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Total Delaware, Inc. also recently made the following trade(s):

  • On Friday, July 10th, Total Delaware, Inc. sold 150,000 shares of Tellurian stock. The shares were sold at an average price of $1.04, for a total value of $156,000.00.
  • On Wednesday, July 8th, Total Delaware, Inc. sold 595,833 shares of Tellurian stock. The shares were sold at an average price of $1.03, for a total value of $613,707.99.

TELL opened at $0.89 on Friday. Tellurian Inc has a 12-month low of $0.67 and a 12-month high of $9.28. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.88. The business’s fifty day simple moving average is $1.11 and its 200-day simple moving average is $2.58. The company has a market capitalization of $248.17 million, a price-to-earnings ratio of -1.24 and a beta of 2.87.

Tellurian (NASDAQ:TELL) last posted its quarterly earnings results on Monday, May 4th. The oil and gas producer reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.04). Tellurian had a negative return on equity of 83.65% and a negative net margin of 494.44%. The firm had revenue of $8.22 million for the quarter, compared to the consensus estimate of $6.42 million. On average, equities research analysts predict that Tellurian Inc will post -0.45 EPS for the current year.

Several analysts recently weighed in on TELL shares. Zacks Investment Research upgraded Tellurian from a “sell” rating to a “hold” rating in a report on Thursday. Morgan Stanley reiterated a “sell” rating on shares of Tellurian in a research note on Sunday, July 5th. Stifel Nicolaus lowered Tellurian from a “hold” rating to a “sell” rating in a research note on Monday, June 1st. BidaskClub lowered Tellurian from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 25th. Finally, Roth Capital initiated coverage on Tellurian in a research note on Wednesday, June 10th. They issued a “buy” rating and a $5.25 target price on the stock. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Tellurian currently has an average rating of “Hold” and a consensus price target of $6.14.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. raised its position in Tellurian by 14.7% during the fourth quarter. Victory Capital Management Inc. now owns 24,500 shares of the oil and gas producer’s stock valued at $178,000 after acquiring an additional 3,143 shares in the last quarter. Advisor Group Inc. raised its position in Tellurian by 50.5% during the fourth quarter. Advisor Group Inc. now owns 4,900 shares of the oil and gas producer’s stock valued at $36,000 after acquiring an additional 1,645 shares in the last quarter. Bank of New York Mellon Corp raised its position in Tellurian by 2.2% during the fourth quarter. Bank of New York Mellon Corp now owns 450,525 shares of the oil and gas producer’s stock valued at $3,280,000 after acquiring an additional 9,910 shares in the last quarter. Bank of America Corp DE raised its position in Tellurian by 39.7% during the fourth quarter. Bank of America Corp DE now owns 150,450 shares of the oil and gas producer’s stock valued at $1,094,000 after acquiring an additional 42,746 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in Tellurian by 139.9% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,747 shares of the oil and gas producer’s stock valued at $71,000 after acquiring an additional 5,684 shares in the last quarter. 14.32% of the stock is currently owned by institutional investors and hedge funds.

About Tellurian

Tellurian Inc plans to develop, own, and operate a natural gas business and to deliver natural gas to customers worldwide. The company is developing a portfolio of natural gas production, liquefied natural gas (LNG) marketing, and infrastructure assets that includes an approximately 27.6 million tons per annum LNG export facility and an associated pipeline in southwest Louisiana.

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