Stock Traders Buy Large Volume of Tellurian Put Options (TELL)

Share on StockTwits

Tellurian Inc (NASDAQ:TELL) was the target of some unusual options trading on Monday. Investors bought 3,146 put options on the company. This is an increase of approximately 1,244% compared to the average daily volume of 234 put options.

A number of brokerages have recently commented on TELL. BidaskClub raised Tellurian from a “sell” rating to a “hold” rating in a research report on Wednesday, August 29th. Cowen downgraded Tellurian from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 26th. Bank of America began coverage on Tellurian in a research report on Monday, October 8th. They issued a “buy” rating for the company. Robert W. Baird set a $17.00 price objective on Tellurian and gave the company a “buy” rating in a research report on Monday, September 17th. Finally, Credit Suisse Group began coverage on Tellurian in a research report on Thursday, October 11th. They issued an “outperform” rating and a $15.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. Tellurian currently has a consensus rating of “Hold” and an average price target of $12.79.

Shares of NASDAQ:TELL opened at $7.86 on Tuesday. The firm has a market capitalization of $1.98 billion, a PE ratio of -9.59 and a beta of 1.63. Tellurian has a 52 week low of $6.45 and a 52 week high of $13.74.

Tellurian (NASDAQ:TELL) last announced its quarterly earnings data on Wednesday, August 8th. The oil and gas producer reported ($0.17) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.04). The firm had revenue of $0.81 million during the quarter, compared to analyst estimates of $5.45 million. As a group, analysts expect that Tellurian will post -0.59 EPS for the current year.

A number of hedge funds have recently bought and sold shares of the business. MetLife Investment Advisors LLC grew its position in Tellurian by 23.3% during the second quarter. MetLife Investment Advisors LLC now owns 38,940 shares of the oil and gas producer’s stock valued at $324,000 after acquiring an additional 7,357 shares during the period. Ahrens Investment Partners LLC grew its position in Tellurian by 44.8% during the second quarter. Ahrens Investment Partners LLC now owns 24,710 shares of the oil and gas producer’s stock valued at $206,000 after acquiring an additional 7,650 shares during the period. California Public Employees Retirement System grew its position in Tellurian by 27.1% during the second quarter. California Public Employees Retirement System now owns 41,083 shares of the oil and gas producer’s stock valued at $342,000 after acquiring an additional 8,758 shares during the period. Gradient Investments LLC purchased a new stake in Tellurian during the third quarter valued at about $103,000. Finally, Amalgamated Bank purchased a new stake in Tellurian during the second quarter valued at about $103,000. 17.46% of the stock is owned by hedge funds and other institutional investors.

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) trading, and infrastructure that includes an approximately 27.6 million tons per annum LNG export facility and an associated pipeline.

Read More: Average Daily Trade Volume – ADTV

Receive News & Ratings for Tellurian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tellurian and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply