Squarepoint Ops LLC Cuts Stock Position in Tellurian Inc. (NYSEAMERICAN:TELL)

Squarepoint Ops LLC cut its holdings in shares of Tellurian Inc. (NYSEAMERICAN:TELL) by 37.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 352,382 shares of the oil and gas producer’s stock after selling 208,822 shares during the period. Squarepoint Ops LLC’s holdings in Tellurian were worth $244,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Payden & Rygel Investment Group acquired a new stake in shares of Tellurian in the first quarter worth $26,000. Arkadios Wealth Advisors purchased a new stake in shares of Tellurian during the 2nd quarter worth about $38,000. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Tellurian by 88.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 60,204 shares of the oil and gas producer’s stock worth $42,000 after acquiring an additional 28,236 shares in the last quarter. Moloney Securities Asset Management LLC purchased a new position in shares of Tellurian in the 1st quarter valued at about $99,000. Finally, Ground Swell Capital LLC acquired a new position in Tellurian in the 2nd quarter worth about $106,000. Hedge funds and other institutional investors own 48.87% of the company’s stock.

Tellurian Price Performance

Shares of NYSEAMERICAN:TELL opened at $1.00 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.27 and a quick ratio of 0.27. Tellurian Inc. has a 1 year low of $0.36 and a 1 year high of $1.07. The firm has a market capitalization of $892.85 million, a price-to-earnings ratio of -3.33 and a beta of 2.56. The stock has a 50 day moving average price of $0.72.

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%. As a group, analysts expect that Tellurian Inc. will post -0.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, Director Diana Derycz Kessler sold 1,000,000 shares of Tellurian 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 sale, the director now owns 1,050,000 shares of the company’s stock, valued at approximately $997,500. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is currently owned by corporate insiders.

Tellurian 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.