The Vanguard Group, Inc. recently announced the acquisition of new stake in Tellurian Inc (AMEX:TELL). The institutional investor has increased its shareholding in the Energy company by 4.59% to 42.06 million shares with purchase of 1.85 million shares. This fresh investment now brings its stake to 6.63% valued currently at $25.62 million. In addition, BlackRock Fund Advisors raised its holdings by 1.0 million to 34.93 million shares. And SSgA Funds Management, Inc. has lifted its position by 6.82% or 1.7 million shares – to 26.62 million shares.
With over 36.64 million Tellurian Inc (TELL) shares trading Friday and a closing price of $0.84 on the day, the dollar volume was approximately $30.78 million. The shares have shown a negative half year performance of -35.45% and its price on 12/22/23 gained nearly 9.02%. Currently, there are 634.84M common shares owned by the public and among those 605.99M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for TELL have a consensus price objective of $2.64. The analysts have set the share’s price value over the next 12 months at a high of $5.00 and a low of $0.40. The average price target is 68.18% above its recent price level and a downside to the estimated low will see the stock lose -110.0% over that period. But an upside of 83.2% will see the stock hit the forecast high price target while median target price for the stock is $2.50.
Insiders at the company have transacted a total of 39 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 3 of these insider trades were purchases, accounting for 600,000 shares. Insider sales of the common stock occurred on 36 occasions, with total insider shares sold totaling 24,086,147 shares.
The top 3 mutual fund holders in Tellurian Inc are SPDR S&P Oil & Gas Exploration &, Vanguard Total Stock Market ETF, and iShares Russell 2000 ETF. SPDR S&P Oil & Gas Exploration & owns 17.48 million shares of the company’s stock, all valued at over $10.65 million. iShares Russell 2000 ETF bought 6285.0 shares to bring its total holdings to over 12.78 million shares at a value of $7.79 million. iShares Russell 2000 ETF now owns shares totaling to 2.01% of the shares outstanding.
Shares of Tellurian Inc (AMEX: TELL) opened at $0.76, down -$0.01 from a prior closing price of $0.77. However, the script later moved the day high at 0.8410, up 9.02%. The company’s stock has a 5-day price change of 23.38% and -27.66% over the past three months. TELL shares are trading -50.05% year to date (YTD), with the 12-month market performance down to -54.64% lower. It has a 12-month low price of $0.48 and touched a high of $2.15 over the same period. TELL has an average intraday trading volume of 32.29 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 31.53%, 30.65%, and -26.70% respectively.
Institutional ownership of Tellurian Inc (AMEX: TELL) shares accounts for 32.28% of the company’s 634.84M shares outstanding. Mutual fund holders own 19.15%, while other institutional holders and individual stakeholders account for 23.22% and 13.22% respectively.
It has a market capitalization of $532.69M and a beta (3y monthly) value of 2.37. The earnings-per-share (ttm) stands at -$0.22. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.05% over the week and 12.83% over the month.
Analysts forecast that Tellurian Inc (TELL) will achieve an EPS of -$0.04 for the current quarter, -$0.04 for the next quarter and -$0.21 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.1 while analysts give the company a high EPS estimate of $0.03. Comparatively, EPS for the current quarter was $0.06 a year ago. Earnings per share for the fiscal year are expected to decrease by -234.53%, and 40.88% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Tellurian Inc (TELL) as a “Moderate Buy” at a consensus score of 2.20. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 1 of the 5 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the TELL, a number of firms have released research notes about the stock. BofA Securities stated their Underperform rating for the stock in a research note on February 14, 2023, with the firm’s price target at $4-$1.50.
