Tellurian (NYSEAMERICAN:TELL) Issues Quarterly Earnings Results

Tellurian (NYSEAMERICAN:TELL) announced its quarterly earnings data on Thursday. The oil and gas producer reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01), reports. Tellurian had a negative net margin of 129.88% and a negative return on equity of 25.62%. The firm had revenue of $25.47 million during the quarter, compared to analyst estimates of $34.19 million.

Tellurian Stock Performance

NYSEAMERICAN TELL opened at $0.44 on Friday. Tellurian has a 1 year low of $0.36 and a 1 year high of $1.76. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.66 and a quick ratio of 0.66. The firm’s fifty day simple moving average is $0.74.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley cut their price target on shares of Tellurian from $2.50 to $1.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 13th.

Hedge Funds Weigh In On Tellurian

Several institutional investors and hedge funds have recently modified their holdings of TELL. Moloney Securities Asset Management LLC purchased a new position in Tellurian during the first quarter valued at approximately $99,000. BNP Paribas Financial Markets grew its stake in shares of Tellurian by 22.9% during the 1st quarter. BNP Paribas Financial Markets now owns 1,785,943 shares of the oil and gas producer’s stock worth $1,181,000 after purchasing an additional 333,362 shares during the period. Hennessy Advisors Inc. increased its holdings in shares of Tellurian by 27.4% during the 1st quarter. Hennessy Advisors Inc. now owns 641,190 shares of the oil and gas producer’s stock valued at $424,000 after purchasing an additional 138,000 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Tellurian by 66.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 53,788 shares of the oil and gas producer’s stock valued at $41,000 after purchasing an additional 21,518 shares during the period. Finally, Rafferty Asset Management LLC lifted its stake in shares of Tellurian by 124.5% in the 4th quarter. Rafferty Asset Management LLC now owns 2,910,652 shares of the oil and gas producer’s stock valued at $2,199,000 after purchasing an additional 1,614,230 shares during the period. Institutional investors and hedge funds own 48.87% of the company’s stock.

About Tellurian

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.