Tellurian (NYSEAMERICAN:TELL) Shares Gap Up to $0.69

Tellurian Inc. (NYSEAMERICAN:TELL) gapped up before the market opened on Monday . The stock had previously closed at $0.69, but opened at $0.72. Tellurian shares last traded at $0.72, with a volume of 1,958,691 shares trading hands.

Wall Street Analyst Weigh In

Separately, B. Riley cut their target price on shares of Tellurian from $3.00 to $2.50 and set a “buy” rating for the company in a research report on Friday, May 31st.

Tellurian Trading Up 1.0 %

The company has a debt-to-equity ratio of 0.68, a current ratio of 0.46 and a quick ratio of 0.46. The company’s 50-day moving average price is $0.66.

Tellurian (NYSEAMERICAN:TELL) last announced its quarterly earnings results on Thursday, May 2nd. The oil and gas producer reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Tellurian had a negative return on equity of 25.12% 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. As a group, sell-side analysts forecast that Tellurian Inc. will post -0.18 EPS for the current year.

Institutional Investors Weigh In On Tellurian

Several institutional investors have recently made changes to their positions in the company. Traynor Capital Management Inc. grew its position in Tellurian by 141.3% in the 4th quarter. Traynor Capital Management Inc. now owns 34,158 shares of the oil and gas producer’s stock valued at $26,000 after acquiring an additional 20,000 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 worth $41,000 after purchasing an additional 21,518 shares during the last quarter. Price T Rowe Associates Inc. MD grew 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 worth $337,000 after purchasing an additional 28,634 shares during the last quarter. Beacon Pointe Advisors LLC lifted its holdings in Tellurian by 55.3% during the 4th quarter. Beacon Pointe Advisors LLC now owns 104,313 shares of the oil and gas producer’s stock valued at $79,000 after buying an additional 37,164 shares in the last quarter. Finally, Payden & Rygel Investment Group purchased a new stake in Tellurian in the 1st quarter valued at about $26,000. Institutional investors own 48.87% of the company’s stock.

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.