Tellurian (NYSEAMERICAN:TELL) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Tellurian (NYSEAMERICAN:TELL) released its quarterly earnings data on Thursday. The oil and gas producer reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01), reports. Tellurian had a negative return on equity of 25.62% and a negative net margin of 129.88%. The business had revenue of $25.47 million during the quarter, compared to the consensus estimate of $34.19 million.

Tellurian Price Performance

NYSEAMERICAN TELL opened at $0.44 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.66 and a current ratio of 0.66. Tellurian has a 12 month low of $0.36 and a 12 month high of $1.76. The business has a 50 day simple moving average of $0.74.

Hedge Funds Weigh In On Tellurian

Institutional investors have recently bought and sold shares of the stock. Moloney Securities Asset Management LLC bought a new position in Tellurian during the first quarter valued at approximately $99,000. BNP Paribas Financial Markets raised its holdings in shares of Tellurian by 22.9% during the 1st 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. Hennessy Advisors Inc. boosted its position in shares of Tellurian by 27.4% during the 1st quarter. Hennessy Advisors Inc. now owns 641,190 shares of the oil and gas producer’s stock valued at $424,000 after acquiring an additional 138,000 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Tellurian by 66.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 53,788 shares of the oil and gas producer’s stock valued at $41,000 after purchasing an additional 21,518 shares in the last quarter. Finally, Rafferty Asset Management LLC increased its position in Tellurian by 124.5% in the fourth quarter. Rafferty Asset Management LLC now owns 2,910,652 shares of the oil and gas producer’s stock worth $2,199,000 after purchasing an additional 1,614,230 shares during the last quarter. 48.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Morgan Stanley dropped their target price on Tellurian from $2.50 to $1.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 13th.

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.