Yaupon Capital Management LP acquired a new stake in Tellurian Inc (NASDAQ:TELL) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 275,490 shares of the oil and gas producer’s stock, valued at approximately $1,915,000. Tellurian comprises approximately 1.3% of Yaupon Capital Management LP’s investment portfolio, making the stock its 22nd biggest position. Yaupon Capital Management LP owned 0.11% of Tellurian at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in TELL. BlackRock Inc. grew its holdings in Tellurian by 14.2% during the 3rd quarter. BlackRock Inc. now owns 5,871,459 shares of the oil and gas producer’s stock valued at $52,666,000 after buying an additional 730,061 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in Tellurian by 1,023.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 692,741 shares of the oil and gas producer’s stock worth $4,814,000 after purchasing an additional 631,100 shares during the period. SG Americas Securities LLC purchased a new stake in Tellurian during the 4th quarter worth approximately $2,972,000. Vanguard Group Inc increased its stake in Tellurian by 4.3% during the 3rd quarter. Vanguard Group Inc now owns 8,433,168 shares of the oil and gas producer’s stock worth $75,645,000 after buying an additional 346,785 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Tellurian by 4.3% during the 3rd quarter. Vanguard Group Inc. now owns 8,433,168 shares of the oil and gas producer’s stock worth $75,645,000 after buying an additional 346,785 shares in the last quarter. Hedge funds and other institutional investors own 21.47% of the company’s stock.
A number of equities research analysts have recently issued reports on TELL shares. BidaskClub upgraded Tellurian from a “hold” rating to a “buy” rating in a research report on Wednesday, January 9th. Scotiabank started coverage on Tellurian in a research report on Friday, February 8th. They issued a “sector perform” rating for the company. Raymond James began coverage on Tellurian in a research report on Wednesday, February 13th. They issued an “outperform” rating and a $12.00 price objective for the company. Zacks Investment Research cut Tellurian from a “hold” rating to a “sell” rating in a research note on Thursday, February 21st. Finally, Credit Suisse Group increased their price objective on Tellurian from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Thursday, February 28th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Tellurian currently has an average rating of “Buy” and an average target price of $13.25.
Tellurian (NASDAQ:TELL) last issued its quarterly earnings data on Wednesday, February 27th. The oil and gas producer reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.01. The company had revenue of $1.87 million for the quarter, compared to analyst estimates of $1.73 million. Tellurian had a negative return on equity of 41.22% and a negative net margin of 1,222.61%. As a group, research analysts predict that Tellurian Inc will post -0.56 EPS for the current year.
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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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