The price of Tellurian Inc (AMEX:TELL) shares last traded on Wall Street rose 4.97% to $0.49.
TELL stock price is now -25.58% away from the 50-day moving average and -42.92% away from the 200-day moving average. The market capitalization of the company currently stands at $408.27M.
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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.
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 $0.07 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.
Tellurian Inc(TELL) Company Profile
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. The company was incorporated in 1957 and is headquartered in Houston, Texas.
