Now Is A Suitable Moment For A Long-Term Purchase Of Tellurian Inc. (NASDAQ: TELL)


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 12.43% to 10.09 million shares with purchase of 1.12 million shares. This fresh investment now brings its stake to 3.13% valued currently at $9.0 million. In addition, BlackRock Fund Advisors raised its holdings by 2.49 million to 7.91 million shares. And Geode Capital Management LLC has lifted its position by 31.30% or 0.47 million shares – to 1.95 million shares.

With over 4.26 million Tellurian Inc. (TELL) shares trading Monday and a closing price of $0.90 on the day, the dollar volume was approximately $3.84 million. The shares have shown a negative weekly performance of -9.03% and its price on 08/24/20 gained nearly 0.29%. Currently, there are 245.36M common shares owned by the public and among those 178.17M shares have been available to trade.

Incidentally, analysts’ outlook for the Tellurian Inc. stock is 2.80 for the next 12 months.

Insiders at the company have transacted a total of 24 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 9 of these insider trades were purchases, accounting for 774,342 shares. Insider sales of the common stock occurred on 15 occasions, with total insider shares sold totaling 28,081,178 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 $4.0 million. iShares Russell 2000 ETF sold -0.14 million shares to see its total holdings shrink to 3.01 million shares valued at over $2.69 million and representing 0.93% of the shares outstanding. Vanguard Small Cap Index Fund sold 10780.0 shares to bring its total holdings to over 1.83 million shares at a value of $1.63 million. Vanguard Small Cap Index Fund now owns shares totaling to 0.57% of the shares outstanding.

Shares of Tellurian Inc. (NASDAQ: TELL) opened at $0.922, up $0.02 from a prior closing price of $0.90. However, the script later closed the day at $0.90, up 0.29%. The company’s stock has a 5-day price change of -9.03% and -16.61% over the past three months. TELL shares are trading -87.63% year to date (YTD), with the 12-month market performance down to -87.99% lower. It has a 12-month low price of $0.67 and touched a high of $9.28 over the same period. Currently, 4.26 million shares have been traded, compared to an average intraday trading volume of 7.33 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 -5.69%, -14.90%, and -73.85% respectively.

Institutional ownership of Tellurian Inc. (NASDAQ: TELL) shares accounts for 12.70% of the company’s 245.36M shares outstanding. Mutual fund holders own 6.06%, while other institutional holders and individual stakeholders account for 6.98% and 57.77% respectively.

It has a market capitalization of $290.24M and a beta (3y monthly) value of 2.52. The earnings-per-share (ttm) stands at -$1.06. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.60% over the week and 5.63% over the month.

Analysts forecast that Tellurian Inc. (TELL) will achieve an EPS of -$0.1 for the current quarter, -$0.07 for the next quarter and -$0.27 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.27 while analysts give the company a high EPS estimate of -$0.01. Comparatively, EPS for the current quarter was -$0.18 a year ago. Earnings per share for the fiscal year are expected to decrease by -16.80%, and 34.10% 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.

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.


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