Tellurian Inc. (NYSEAMERICAN:TELL) Shares Purchased by PFG Investments LLC

PFG Investments LLC boosted its position in shares of Tellurian Inc. (NYSEAMERICAN:TELL) by 144.3% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 235,230 shares of the oil and gas producer’s stock after acquiring an additional 138,925 shares during the quarter. PFG Investments LLC’s holdings in Tellurian were worth $163,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Payden & Rygel Investment Group acquired a new stake in shares of Tellurian in the first quarter worth $26,000. Arkadios Wealth Advisors acquired a new position in shares of Tellurian in the 2nd quarter valued at about $38,000. Beacon Pointe Advisors LLC boosted its stake in shares of Tellurian by 55.3% in the fourth quarter. Beacon Pointe Advisors LLC now owns 104,313 shares of the oil and gas producer’s stock worth $79,000 after buying an additional 37,164 shares during the last quarter. RPO LLC purchased a new stake in shares of Tellurian in the fourth quarter worth about $83,000. Finally, Moloney Securities Asset Management LLC acquired a new stake in Tellurian during the first quarter worth about $99,000. Hedge funds and other institutional investors own 48.87% of the company’s stock.

Tellurian Stock Performance

Shares of TELL stock opened at $0.92 on Friday. Tellurian Inc. has a fifty-two week low of $0.36 and a fifty-two week high of $1.30. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.38. The company has a fifty day moving average price of $0.69. The stock has a market cap of $824.56 million, a price-to-earnings ratio of -3.08 and a beta of 2.56.

Tellurian (NYSEAMERICAN:TELL) last announced its quarterly earnings data on Thursday, August 8th. The oil and gas producer reported ($0.04) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.04). Tellurian had a negative net margin of 129.88% and a negative return on equity of 20.24%. On average, equities analysts forecast that Tellurian Inc. will post -0.19 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, B. Riley restated a “neutral” rating and set a $1.00 price target (down previously from $2.50) on shares of Tellurian in a research report on Monday, July 22nd.

Insider Activity at Tellurian

In other news, Director Diana Derycz Kessler sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $0.95, for a total transaction of $950,000.00. Following the completion of the sale, the director now owns 1,050,000 shares in the company, valued at approximately $997,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is currently owned by insiders.

About Tellurian

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.