The price of Tellurian Inc (AMEX:TELL) shares last traded on Wall Street fell -8.36% to $0.51.
TELL stock price is now -25.50% away from the 50-day moving average and -47.11% away from the 200-day moving average. The market capitalization of the company currently stands at $396.91M.
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, GROSS JONATHAN S, Director bought 120,000 shares of the company’s stock on Dec 15 ’23. The stock was bought for $80,400 at an average price of $0.67. Upon completion of the transaction, the Director now directly owns 460,000 shares in the company, valued at $0.23 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 07 ’23, Director GROSS JONATHAN S bought 100,000 shares of the business’s stock. A total of $61,000 was incurred on buying the stock at an average price of $0.61. This leaves the insider owning 340,000 shares of the company worth $0.17 million. A total of 9.76% of the company’s stock is owned by insiders.
During the past 12 months, Tellurian Inc has had a low of $0.36 and a high of $1.75. As of last week, the company has a debt-to-equity ratio of 0.80, a current ratio of 0.66, and a quick ratio of 0.66. The fifty day moving average price for TELL is $0.6808 and a two-hundred day moving average price translates $0.9592 for the stock.
The latest earnings results from Tellurian Inc (AMEX: TELL) was released for Dec, 2023. According to the Oil & Gas E&P Company, earnings per share came in at -$0.02, beating analysts’ expectations of -$0.04 by 0.02. This compares to $0.07 EPS in the same period last year. The net profit margin was -100.03% and return on equity was -25.62% for TELL. The company reported revenue of $39.96 million for the quarter, compared to $102.53 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -61.03 percent. For the current quarter, analysts expect TELL to generate $30.68M in revenue.
