Sanctuary Advisors LLC Takes $37,000 Position in Tellurian Inc. (NYSEAMERICAN:TELL)

Sanctuary Advisors LLC purchased a new stake in shares of Tellurian Inc. (NYSEAMERICAN:TELL) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 53,686 shares of the oil and gas producer’s stock, valued at approximately $37,000.

Other hedge funds also recently made changes to their positions in the company. Payden & Rygel Investment Group bought a new stake in shares of Tellurian during the first quarter valued at approximately $26,000. Arkadios Wealth Advisors acquired a new position in shares of Tellurian during the second quarter valued at approximately $38,000. Vanguard Personalized Indexing Management LLC increased its stake in shares of Tellurian by 88.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 60,204 shares of the oil and gas producer’s stock valued at $42,000 after acquiring an additional 28,236 shares during the period. Algert Global LLC acquired a new position in shares of Tellurian during the second quarter valued at approximately $49,000. Finally, Moloney Securities Asset Management LLC acquired a new position in shares of Tellurian during the first quarter valued at approximately $99,000. Institutional investors own 48.87% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Tellurian Stock Up 0.2 %

Shares of NYSEAMERICAN:TELL opened at $1.00 on Tuesday. The firm’s fifty day moving average is $0.73. The firm has a market cap of $892.85 million, a price-to-earnings ratio of -3.33 and a beta of 2.56. Tellurian Inc. has a 12-month low of $0.36 and a 12-month high of $1.07. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.38.

Tellurian (NYSEAMERICAN:TELL) last released 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%. Equities research analysts expect that Tellurian Inc. will post -0.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Diana Derycz Kessler sold 1,000,000 shares of Tellurian stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $0.95, for a total value of $950,000.00. Following the transaction, the director now owns 1,050,000 shares in the company, valued at $997,500. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.00% of the company’s stock.

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.