Tellurian (NYSEAMERICAN:TELL) Stock Price Up 3.2%

Tellurian Inc. (NYSEAMERICAN:TELL) shares traded up 3.2% during mid-day trading on Thursday . The stock traded as high as $1.29 and last traded at $1.29. 3,323,569 shares were traded during trading, a decline of 67% from the average session volume of 9,982,553 shares. The stock had previously closed at $1.25.

Tellurian Stock Up 2.0 %

The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.84. The company’s fifty day moving average is $1.56.

Tellurian (NYSEAMERICAN:TELL) last released its earnings results on Wednesday, August 9th. The oil and gas producer reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.06). Tellurian had a negative net margin of 26.37% and a negative return on equity of 10.64%. The company had revenue of $31.99 million during the quarter, compared to analysts’ expectations of $41.63 million. Research analysts expect that Tellurian Inc. will post -0.36 EPS for the current fiscal year.

Insider Activity

In other Tellurian news, Director Jonathan S. Gross purchased 100,000 shares of the firm’s stock in a transaction on Friday, June 30th. The stock was bought at an average cost of $1.38 per share, with a total value of $138,000.00. Following the acquisition, the director now directly owns 240,000 shares of the company’s stock, valued at $331,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.20% of the company’s stock.

Institutional Investors Weigh In On Tellurian

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Centiva Capital LP lifted its stake in Tellurian by 20.0% in the second quarter. Centiva Capital LP now owns 30,000 shares of the oil and gas producer’s stock valued at $90,000 after buying an additional 5,000 shares during the last quarter. Macquarie Group Ltd. raised its position in Tellurian by 0.3% in the 2nd quarter. Macquarie Group Ltd. now owns 2,063,144 shares of the oil and gas producer’s stock valued at $6,148,000 after purchasing an additional 5,644 shares during the last quarter. Blair William & Co. IL boosted its stake in Tellurian by 69.9% during the 1st quarter. Blair William & Co. IL now owns 17,986 shares of the oil and gas producer’s stock worth $95,000 after purchasing an additional 7,399 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in Tellurian by 25.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 39,110 shares of the oil and gas producer’s stock worth $207,000 after purchasing an additional 8,037 shares during the period. Finally, Prudential Financial Inc. grew its position in Tellurian by 31.7% during the 2nd quarter. Prudential Financial Inc. now owns 33,740 shares of the oil and gas producer’s stock worth $168,000 after purchasing an additional 8,120 shares during the last quarter. 32.62% of the stock is owned by hedge funds and other institutional investors.

About Tellurian

Tellurian Inc engages in the natural gas business 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. It owns interests in 27,689 net acres of natural gas assets and 143 producing wells located in the Haynesville Shale trend of northern Louisiana.