Traders Buy High Volume of Tellurian Put Options (NASDAQ:TELL)

Tellurian Inc (NASDAQ:TELL) was the recipient of unusually large options trading activity on Thursday. Investors purchased 4,254 put options on the company. This represents an increase of approximately 948% compared to the average volume of 406 put options.

Several equities analysts recently commented on TELL shares. Evercore ISI assumed coverage on Tellurian in a research note on Tuesday, September 17th. They issued an “outperform” rating and a $14.00 target price for the company. BidaskClub cut Tellurian from a “hold” rating to a “sell” rating in a report on Tuesday, November 12th. ValuEngine cut Tellurian from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Bank of America downgraded shares of Tellurian from a “buy” rating to a “neutral” rating in a research note on Friday, August 23rd. Finally, Zacks Investment Research lowered shares of Tellurian from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Tellurian currently has a consensus rating of “Hold” and a consensus price target of $12.33.

TELL opened at $7.25 on Friday. Tellurian has a 52-week low of $5.12 and a 52-week high of $11.80. The company has a 50 day moving average of $7.72 and a two-hundred day moving average of $7.55. The company has a market cap of $1.71 billion, a P/E ratio of -12.72 and a beta of 1.90. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.29.

Tellurian (NASDAQ:TELL) last posted its earnings results on Wednesday, November 6th. The oil and gas producer reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.05). Tellurian had a negative net margin of 677.62% and a negative return on equity of 57.16%. The business had revenue of $9.34 million for the quarter, compared to analyst estimates of $13.60 million. Research analysts anticipate that Tellurian will post -0.69 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of TELL. Alps Advisors Inc. boosted its holdings in Tellurian by 2.2% in the third quarter. Alps Advisors Inc. now owns 79,326 shares of the oil and gas producer’s stock valued at $660,000 after purchasing an additional 1,717 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Tellurian by 1.2% in the third quarter. California State Teachers Retirement System now owns 147,148 shares of the oil and gas producer’s stock worth $1,224,000 after buying an additional 1,758 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Tellurian by 54.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,644 shares of the oil and gas producer’s stock valued at $47,000 after acquiring an additional 1,986 shares in the last quarter. Gradient Investments LLC raised its holdings in Tellurian by 16.7% in the third quarter. Gradient Investments LLC now owns 19,578 shares of the oil and gas producer’s stock valued at $163,000 after acquiring an additional 2,805 shares in the last quarter. Finally, North Star Investment Management Corp. raised its holdings in Tellurian by 1.6% in the third quarter. North Star Investment Management Corp. now owns 259,600 shares of the oil and gas producer’s stock valued at $2,159,000 after acquiring an additional 4,100 shares in the last quarter. Institutional investors own 17.07% of the company’s stock.

About Tellurian

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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