Inspire Investing LLC Invests $411,000 in Tellurian Inc. (NYSEAMERICAN:TELL)

Inspire Investing LLC acquired a new stake in shares of Tellurian Inc. (NYSEAMERICAN:TELL) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 424,177 shares of the oil and gas producer’s stock, valued at approximately $411,000.

Other large investors have also modified their holdings of the company. Millennium Management LLC boosted its holdings in Tellurian by 174.5% during the second quarter. Millennium Management LLC now owns 14,833,537 shares of the oil and gas producer’s stock valued at $10,274,000 after purchasing an additional 9,430,606 shares in the last quarter. Vanguard Group Inc. boosted its stake in Tellurian by 12.5% in the 1st quarter. Vanguard Group Inc. now owns 37,380,931 shares of the oil and gas producer’s stock valued at $24,724,000 after buying an additional 4,149,531 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Tellurian in the second quarter valued at $627,000. Virtu Financial LLC bought a new position in shares of Tellurian during the first quarter valued at $402,000. Finally, DRW Securities LLC acquired a new stake in shares of Tellurian in the 2nd quarter valued at $300,000. 48.87% of the stock is currently owned by institutional investors and hedge funds.

Tellurian Trading Up 0.2 %

Shares of NYSEAMERICAN TELL opened at $1.00 on Friday. 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 market cap of $892.85 million, a price-to-earnings ratio of -3.33 and a beta of 2.56. The company has a 50-day simple moving average of $0.73. Tellurian Inc. has a 1 year low of $0.36 and a 1 year high of $1.07.

Tellurian (NYSEAMERICAN:TELL) last posted its quarterly earnings results on Thursday, August 8th. The oil and gas producer reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04). Tellurian had a negative return on equity of 20.24% and a negative net margin of 129.88%. As a group, equities research analysts anticipate that Tellurian Inc. will post -0.19 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Tellurian news, Director Diana Derycz Kessler sold 1,000,000 shares of the business’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $0.95, for a total value of $950,000.00. Following the completion of the transaction, the director now directly owns 1,050,000 shares of the company’s stock, valued at approximately $997,500. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.00% 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.