Emerald Advisers LLC Makes New $143,000 Investment in Tellurian Inc (NASDAQ:TELL)
Emerald Advisers LLC acquired a new position in shares of Tellurian Inc (NASDAQ:TELL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 18,164 shares of the oil and gas producer’s stock, valued at approximately $143,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sterling Investment Advisors Ltd. purchased a new position in Tellurian during the 1st quarter worth $45,000. Regal Wealth Group Inc. bought a new stake in shares of Tellurian during the 2nd quarter worth $32,000. Nisa Investment Advisors LLC bought a new stake in shares of Tellurian during the 1st quarter worth $112,000. Duff & Phelps Investment Management Co. bought a new stake in shares of Tellurian during the 1st quarter worth $117,000. Finally, Amalgamated Bank bought a new stake in shares of Tellurian during the 4th quarter worth $87,000. 21.43% of the stock is currently owned by hedge funds and other institutional investors.
TELL has been the topic of a number of recent analyst reports. Gabelli initiated coverage on Tellurian in a research note on Monday, May 13th. They set a “buy” rating on the stock. BidaskClub cut Tellurian from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 10th. Finally, Stifel Nicolaus cut Tellurian from a “buy” rating to a “hold” rating and lowered their target price for the stock from $16.00 to $9.00 in a research note on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $13.38.
Tellurian (NASDAQ:TELL) last announced its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported ($0.19) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.01). Tellurian had a negative net margin of 1,074.80% and a negative return on equity of 48.80%. The firm had revenue of $5.33 million during the quarter, compared to the consensus estimate of $21.39 million. During the same quarter in the prior year, the firm posted ($0.17) earnings per share. The company’s revenue was up 555.6% on a year-over-year basis. Equities research analysts forecast that Tellurian Inc will post -0.54 earnings per share for the current fiscal year.
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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