Investors Buy Large Volume of Call Options on Tellurian (NASDAQ:TELL)

Tellurian Inc (NASDAQ:TELL) was the target of some unusual options trading activity on Thursday. Stock investors bought 12,501 call options on the stock. This represents an increase of approximately 2,082% compared to the typical volume of 573 call options.

Several research analysts have weighed in on TELL shares. Zacks Investment Research lowered shares of Tellurian from a “hold” rating to a “sell” rating in a research note on Thursday, February 21st. BTIG Research started coverage on shares of Tellurian in a research note on Monday, March 11th. They issued a “buy” rating and a $20.00 price objective on the stock. Credit Suisse Group upped their price objective on shares of Tellurian from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Thursday, February 28th. Finally, BidaskClub upgraded shares of Tellurian from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $14.21.

A number of institutional investors have recently added to or reduced their stakes in TELL. Bank of New York Mellon Corp increased its stake in shares of Tellurian by 9.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 353,440 shares of the oil and gas producer’s stock worth $3,170,000 after purchasing an additional 31,922 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Tellurian by 46.7% during the 4th quarter. Rhumbline Advisers now owns 119,037 shares of the oil and gas producer’s stock worth $827,000 after purchasing an additional 37,906 shares during the last quarter. Alps Advisors Inc. increased its stake in shares of Tellurian by 9.9% during the 4th quarter. Alps Advisors Inc. now owns 71,384 shares of the oil and gas producer’s stock worth $496,000 after purchasing an additional 6,418 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new position in shares of Tellurian during the 4th quarter worth $1,043,000. Finally, Catalyst Capital Advisors LLC increased its stake in shares of Tellurian by 14.0% during the 4th quarter. Catalyst Capital Advisors LLC now owns 360,525 shares of the oil and gas producer’s stock worth $2,506,000 after purchasing an additional 44,400 shares during the last quarter. Hedge funds and other institutional investors own 21.60% of the company’s stock.

Tellurian stock opened at $7.73 on Friday. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of -13.56 and a beta of 1.99. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 0.21. Tellurian has a twelve month low of $5.90 and a twelve month high of $11.80.

Tellurian (NASDAQ:TELL) last released its quarterly earnings data on Wednesday, May 8th. The oil and gas producer reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.04). The company had revenue of $4.96 million during the quarter, compared to analyst estimates of $8.88 million. Tellurian had a negative net margin of 1,595.25% and a negative return on equity of 43.26%. Equities research analysts forecast that Tellurian will post -0.53 earnings per share for the current year.

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Tellurian Company Profile

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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