In yesterday’s Wall Street session, Tellurian Inc. (AMEX:TELL) shares traded at $2.74, up 1.11% from the previous session.
As of this writing, 8 analysts cover Tellurian Inc. (AMEX:TELL). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $10.00 and a low of $1.80, we find $4.00. Given the previous closing price of $2.71, this indicates a potential upside of 47.6 percent. TELL stock price is now -2.75% away from the 50-day moving average and -27.48% away from the 200-day moving average. The market capitalization of the company currently stands at $1.54B.
There are 4 analysts who have given it a hold rating, whereas 3 have given it a buy rating. Brokers who have rated the stock have averaged $4.37 as their price target over the next twelve months.
With the price target reduced from $6.50 to $4.50, BofA Securities Upgraded its rating from Neutral to Buy for Tellurian Inc. (AMEX: TELL). On August 02, 2022, Evercore ISI Downgraded its previous ‘Outperform’ rating to ‘In-line’ on the stock reducing its target price from $7.50 to quote $4.50, while ‘Credit Suisse’ rates the stock as ‘Outperform’.
In other news, Harvey Claire, Director bought 16,000 shares of the company’s stock on Jan 13. The stock was bought for $51,072 at an average price of $3.19. Upon completion of the transaction, the Director now directly owns 49,955 shares in the company, valued at $0.14 million. Insiders disposed of 4,000,000 shares of company stock worth roughly $10.96 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TELL stock. A new stake in Tellurian Inc. shares was purchased by ELECTRON CAPITAL PARTNERS, LLC during the first quarter worth $6,787,000. KEPOS CAPITAL LP invested $1,096,000 in shares of TELL during the first quarter. In the first quarter, BAYESIAN CAPITAL MANAGEMENT, LP acquired a new stake in Tellurian Inc. valued at approximately $946,000. MIRAE ASSET GLOBAL INVESTMENTS CO., LTD. acquired a new stake in TELL for approximately $638,000. HRT FINANCIAL LP purchased a new stake in TELL valued at around $455,000 in the second quarter. In total, there are 315 active investors with 40.70% ownership of the company’s stock.
Tuesday morning saw Tellurian Inc. (AMEX: TELL) opened at $2.7500. During the past 12 months, Tellurian Inc. has had a low of $1.54 and a high of $6.53. As of last week, the company has a debt-to-equity ratio of 0.93, a current ratio of 2.10, and a quick ratio of 2.10. The fifty day moving average price for TELL is $2.7918 and a two-hundred day moving average price translates $3.7801 for the stock.
The latest earnings results from Tellurian Inc. (AMEX: TELL) was released for Jun, 2022. According to the Oil & Gas E&P Company, earnings per share came in at $0, beating analysts’ expectations of -$0.02 by 0.02. This compares to -$0.04 EPS in the same period last year. The net profit margin was -39.30% and return on equity was -21.80% for TELL. The company reported revenue of $81.1 million for the quarter, compared to $15.64 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 418.63 percent. For the current quarter, analysts expect TELL to generate $84.72M in revenue.
Tellurian Inc.(TELL) Company Profile
Tellurian Inc. engages in the natural gas business worldwide. The company is developing a portfolio of natural gas production, liquefied natural gas (LNG) marketing, and infrastructure assets that includes an approximately 27.6 million tons per annum LNG export facility and an associated pipeline. It owns interests in 11,060 net acres of natural gas assets and 78 producing wells located in the Haynesville Shale trend of northern Louisiana. The company was founded in 2016 and is headquartered in Houston, Texas.