The price of Tellurian Inc. (AMEX:TELL) shares last traded on Wall Street rose 5.60% to $1.32.
Based on available information, 8 analysts follow 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 $5.00 and a low of $1.00, we find $2.00. Given the previous closing price of $1.25, this indicates a potential upside of 60.0 percent. TELL stock price is now 1.41% away from the 50-day moving average and -42.77% away from the 200-day moving average. The market capitalization of the company currently stands at $707.20M.
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Among analysts, 3 rate the stock a hold while 3 rate it a buy. Brokers who have rated the stock have averaged $2.40 as their price target over the next twelve months.
With the price target reduced from $4 to $1.50, BofA Securities Downgraded its rating from Buy to Underperform for Tellurian Inc. (AMEX: TELL). On August 09, 2022, BofA Securities Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock reducing its target price from $6.50 to quote $4.50, while ‘Evercore ISI’ rates the stock as ‘In-line’.
In other news, SOUKI CHARIF, Executive Chairman sold 195,220 shares of the company’s stock on Apr 05. The stock was sold for $236,216 at an average price of $1.21. Upon completion of the transaction, the Executive Chairman now directly owns 1,659,639 shares in the company, valued at $2.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 04, Executive Chairman SOUKI CHARIF sold 187,257 shares of the business’s stock. A total of $235,944 was realized by selling the stock at an average price of $1.26. This leaves the insider owning 1,854,859 shares of the company worth $2.45 million. Insiders disposed of 25,226,646 shares of company stock worth roughly $33.3 million over the past 1 year. A total of 6.77% 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 WESTWOOD HOLDINGS GROUP INC during the first quarter worth $3,854,000. VERSOR INVESTMENTS LP invested $189,000 in shares of TELL during the first quarter. In the first quarter, PFG INVESTMENTS, LLC acquired a new stake in Tellurian Inc. valued at approximately $106,000. WOLVERINE TRADING, LLC acquired a new stake in TELL for approximately $57,000. MAN GROUP PLC purchased a new stake in TELL valued at around $55,000 in the second quarter. In total, there are 293 active investors with 40.60% ownership of the company’s stock.
A candlestick chart of Tellurian Inc. (AMEX: TELL) showed a price of $1.2600 on Thursday morning. During the past 12 months, Tellurian Inc. has had a low of $0.94 and a high of $5.10. As of last week, the company has a debt-to-equity ratio of 0.78, a current ratio of 2.20, and a quick ratio of 2.20. The fifty day moving average price for TELL is $1.3002 and a two-hundred day moving average price translates $2.2966 for the stock.
The latest earnings results from Tellurian Inc. (AMEX: TELL) was released for Mar, 2023. According to the Oil & Gas E&P Company, earnings per share came in at -$0.05, beating analysts’ expectations of -$0.07 by 0.02. This compares to -$0.14 EPS in the same period last year. The net profit margin was -3.60% and return on equity was -1.60% for TELL. The company reported revenue of $50.94 million for the quarter, compared to $146.94 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -65.34 percent. For the current quarter, analysts expect TELL to generate $52.74M 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 27,689 net acres of natural gas assets and 143 producing wells located in the Haynesville Shale trend of northern Louisiana. The company was founded in 2016 and is headquartered in Houston, Texas.
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