Tellurian Inc (NASDAQ:TELL) major shareholder Total Delaware, Inc. sold 84,511 shares of the business’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $0.99, for a total value of $83,665.89. The transaction was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases 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 stock was 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 stock was sold at an average price of $1.03, for a total value of $613,707.99.

NASDAQ TELL opened at $0.89 on Friday. The business’s 50-day moving average price is $1.11 and its two-hundred day moving average price is $2.58. Tellurian Inc has a 12 month low of $0.67 and a 12 month high of $9.28. The firm has a market capitalization of $229.94 million, a PE ratio of -1.24 and a beta of 2.87. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.88.

Tellurian (NASDAQ:TELL) last released its quarterly earnings results on Monday, May 4th. The oil and gas producer reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.04). Tellurian had a negative net margin of 494.44% and a negative return on equity of 83.65%. The company had revenue of $8.22 million during the quarter, compared to the consensus estimate of $6.42 million. As a group, analysts forecast that Tellurian Inc will post -0.46 earnings per share for the current fiscal year.

A number of research firms have recently commented on TELL. Zacks Investment Research raised Tellurian from a “sell” rating to a “hold” rating in a report on Thursday. Roth Capital started coverage on Tellurian in a research report on Wednesday, June 10th. They set a “buy” rating and a $5.25 price objective on the stock. Morgan Stanley restated a “sell” rating on shares of Tellurian in a research report on Sunday, July 5th. BidaskClub lowered Tellurian from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 25th. Finally, Stifel Nicolaus lowered Tellurian from a “hold” rating to a “sell” rating in a research report on Monday, June 1st. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Tellurian has an average rating of “Hold” and a consensus price target of $6.14.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley grew its position in shares of Tellurian by 93.6% in the 1st quarter. Morgan Stanley now owns 1,689,260 shares of the oil and gas producer’s stock valued at $1,526,000 after buying an additional 816,748 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Tellurian in the 1st quarter valued at about $39,000. Hennessy Advisors Inc. lifted its stake in shares of Tellurian by 16.9% in the 2nd quarter. Hennessy Advisors Inc. now owns 838,690 shares of the oil and gas producer’s stock valued at $964,000 after purchasing an additional 121,000 shares during the period. Nuveen Asset Management LLC lifted its stake in shares of Tellurian by 3.2% in the 4th quarter. Nuveen Asset Management LLC now owns 1,113,500 shares of the oil and gas producer’s stock valued at $8,107,000 after purchasing an additional 34,530 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of Tellurian by 39.7% in the 4th 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 purchasing an additional 42,746 shares during the period. Hedge funds and other institutional investors own 14.32% of the company’s stock.

Tellurian Company Profile

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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