The Vanguard Group, Inc. recently announced the acquisition of new stake in Tellurian Inc. (NASDAQ:TELL). The institutional investor has increased its shareholding in the Energy company by 1.14% to 8.97 million shares with purchase of 0.1 million shares. This fresh investment now brings its stake to 3.36% valued currently at $10.32 million. In addition, SSgA Funds Management, Inc. raised its holdings by 0.54 million to 3.87 million shares. And Morgan Stanley & Co. LLC has lifted its position by 1,084.75% or 1.48 million shares – to 1.62 million shares.
With over 7.31 million Tellurian Inc. (TELL) shares trading Thursday and a closing price of $0.96 on the day, the dollar volume was approximately $7.02 million. The shares have shown a negative weekly performance of -9.20% and its price on 07/30/20 lost nearly -2.57%. Currently, there are 221.13M common shares owned by the public and among those 48.55M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 9 analysts who have offered their price forecasts for TELL have a consensus price objective of $2.79. The analysts have set the share’s price value over the next 12 months at a high of $6.00 and a low of $0.10 should the stock experience a downside. Incidentally, analysts’ outlook for the Tellurian Inc. stock is 2.80 for the next 12 months. But an upside of 84.0% will see the stock hit the forecast high price target while mean target price for the stock is $2.50.
Insiders at the company have transacted a total of 20 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 8 of these insider trades were purchases, accounting for 767,800 shares. Insider sales of the common stock occurred on 12 occasions, with total insider shares sold totaling 27,907,717 shares.
The top 3 mutual fund holders in Tellurian Inc. are Vanguard Total Stock Market Index, iShares Russell 2000 ETF, and Vanguard Small Cap Index Fund. Vanguard Total Stock Market Index owns 4.49 million shares of the company’s stock, all valued at over $5.16 million. The company bought an additional 1.72 million shares recently to bring their total holdings to about 1.68% of the shares outstanding. iShares Russell 2000 ETF sold 76368.0 shares to see its total holdings shrink to 3.0 million shares valued at over $3.45 million and representing 1.12% of the shares outstanding. Vanguard Small Cap Index Fund sold -0.69 million shares to bring its total holdings to over 1.84 million shares at a value of $2.12 million. Vanguard Small Cap Index Fund now owns shares totaling to 0.69% of the shares outstanding.
Shares of Tellurian Inc. (NASDAQ: TELL) opened at $0.98, down -$0.01 from a prior closing price of $0.99. However, the script later closed the day at $0.96, down -2.57%. The company’s stock has a 5-day price change of -9.20% and -32.22% over the past three months. TELL shares are trading -86.78% year to date (YTD), with the 12-month market performance down to -84.40% lower. It has a 12-month low price of $0.67 and touched a high of $9.28 over the same period. Currently, 7.31 million shares have been traded, compared to an average intraday trading volume of 6.65 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -10.03%, -15.04%, and -76.21% respectively.
Institutional ownership of Tellurian Inc. (NASDAQ: TELL) shares accounts for 15.20% of the company’s 221.13M shares outstanding. Mutual fund holders own 6.93%, while other institutional holders and individual stakeholders account for 8.01% and 52.88% respectively.
It has a market capitalization of $257.89M and a beta (3y monthly) value of 2.79. The earnings-per-share (ttm) stands at -$0.72. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.39% over the week and 9.71% over the month.
Analysts forecast that Tellurian Inc. (TELL) will achieve an EPS of -$0.11 for the current quarter, -$0.1 for the next quarter and -$0.26 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.2 while analysts give the company a high EPS estimate of $0.02. Comparatively, EPS for the current quarter was -$0.19 a year ago. Earnings per share for the fiscal year are expected to decrease by -16.80%, and 32.50% over the next financial year. EPS should grow at an annualized rate of 31.10% over the next five years, compared to 29.80% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 9 brokerage firm advisors rate Tellurian Inc. (TELL) as a “Moderate Buy” at a consensus score of 2.80. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 5 of the 9 advise that investors “hold,” and 2 rated it as a “Sell.”
Looking at the support for the TELL, a number of firms have released research notes about the stock. ROTH Capital stated their Buy rating for the stock in a research note on June 10, 2020, with the firm’s price target at $5.25. Stifel coverage for the Tellurian Inc. (TELL) stock in a research note released on June 02, 2020 offered a Sell rating with a price target of. Evercore ISI was of a view on April 21, 2020 that the stock is In-line, while Raymond James gave the stock Mkt Perform rating on March 12, 2020, issuing a price target of. Credit Suisse on their part issued Neutral rating on March 12, 2020.