Citigroup Inc. increased its position in shares of Tellurian Inc (NASDAQ:TELL) by 65.3% during the 1st quarter, Holdings Channel reports. The firm owned 316,521 shares of the oil and gas producer’s stock after purchasing an additional 125,036 shares during the quarter. Citigroup Inc.’s holdings in Tellurian were worth $3,545,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its position in shares of Tellurian by 280.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,800 shares of the oil and gas producer’s stock valued at $27,000 after purchasing an additional 2,800 shares during the period. Sterling Investment Advisors Ltd. bought a new stake in shares of Tellurian in the first quarter valued at approximately $45,000. Nisa Investment Advisors LLC bought a new stake in shares of Tellurian in the first quarter valued at approximately $112,000. Duff & Phelps Investment Management Co. bought a new stake in shares of Tellurian in the first quarter valued at approximately $117,000. Finally, Amalgamated Bank bought a new stake in Tellurian during the 4th quarter worth approximately $87,000. Institutional investors and hedge funds own 21.60% of the company’s stock.
Tellurian stock opened at $7.55 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.25 and a current ratio of 3.25. The company has a market cap of $1.88 billion, a P/E ratio of -13.25 and a beta of 1.99. Tellurian Inc has a 1-year low of $5.90 and a 1-year high of $11.91.
Tellurian (NASDAQ:TELL) last posted its earnings results on Wednesday, May 8th. The oil and gas producer reported ($0.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.04). Tellurian had a negative return on equity of 43.26% and a negative net margin of 1,595.25%. The firm had revenue of $4.96 million for the quarter, compared to the consensus estimate of $8.88 million. Research analysts expect that Tellurian Inc will post -0.57 EPS for the current year.
A number of research firms recently weighed in on TELL. BidaskClub lowered shares of Tellurian from a “hold” rating to a “sell” rating in a report on Tuesday. Gabelli began coverage on shares of Tellurian in a report on Monday, May 13th. They set a “buy” rating on the stock. Zacks Investment Research raised shares of Tellurian from a “sell” rating to a “hold” rating in a report on Friday, April 5th. BTIG Research began coverage on shares of Tellurian in a report on Monday, March 11th. They set a “buy” rating and a $20.00 target price on the stock. Finally, Credit Suisse Group upped their target price on shares of Tellurian from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Thursday, February 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. Tellurian currently has an average rating of “Buy” and an average target price of $14.21.
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Tellurian Inc plans to develop, own, and operate a natural gas business and to deliver natural gas to customers 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 in southwest Louisiana.
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