Hennessy Advisors Inc. Sells 36,000 Shares of Tellurian Inc (NASDAQ:TELL)

Hennessy Advisors Inc. trimmed its stake in shares of Tellurian Inc (NASDAQ:TELL) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 759,690 shares of the oil and gas producer’s stock after selling 36,000 shares during the quarter. Hennessy Advisors Inc. owned approximately 0.31% of Tellurian worth $5,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Alps Advisors Inc. grew its position in Tellurian by 2.2% during the 3rd quarter. Alps Advisors Inc. now owns 79,326 shares of the oil and gas producer’s stock worth $660,000 after acquiring an additional 1,717 shares during the last quarter. California State Teachers Retirement System grew its position in Tellurian by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 147,148 shares of the oil and gas producer’s stock worth $1,224,000 after acquiring an additional 1,758 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Tellurian by 54.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,644 shares of the oil and gas producer’s stock worth $47,000 after acquiring an additional 1,986 shares during the last quarter. Gradient Investments LLC grew its position in Tellurian by 16.7% during the 3rd quarter. Gradient Investments LLC now owns 19,578 shares of the oil and gas producer’s stock worth $163,000 after acquiring an additional 2,805 shares during the last quarter. Finally, North Star Investment Management Corp. grew its position in Tellurian by 1.6% during the 3rd quarter. North Star Investment Management Corp. now owns 259,600 shares of the oil and gas producer’s stock worth $2,159,000 after acquiring an additional 4,100 shares during the last quarter. Institutional investors and hedge funds own 17.06% of the company’s stock.

NASDAQ TELL opened at $7.13 on Wednesday. Tellurian Inc has a fifty-two week low of $5.12 and a fifty-two week high of $11.80. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a 50 day simple moving average of $7.08 and a two-hundred day simple moving average of $7.35. The stock has a market cap of $1.64 billion, a P/E ratio of -12.51 and a beta of 1.85.

Tellurian (NASDAQ:TELL) last released its quarterly earnings data on Wednesday, November 6th. The oil and gas producer reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.05). Tellurian had a negative return on equity of 57.16% and a negative net margin of 677.62%. The business had revenue of $9.34 million during the quarter, compared to analysts’ expectations of $13.60 million. Sell-side analysts predict that Tellurian Inc will post -0.74 earnings per share for the current year.

TELL has been the topic of several recent research reports. Zacks Investment Research lowered Tellurian from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. BidaskClub cut Tellurian from a “sell” rating to a “strong sell” rating in a report on Friday, December 13th. Evercore ISI assumed coverage on Tellurian in a report on Tuesday, September 17th. They issued an “outperform” rating and a $14.00 price objective for the company. ValuEngine upgraded Tellurian from a “hold” rating to a “buy” rating in a report on Friday, January 10th. Finally, Morgan Stanley assumed coverage on Tellurian in a report on Friday, September 20th. They issued an “underweight” rating and a $6.00 price objective for the company. Three analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $12.33.

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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Institutional Ownership by Quarter for Tellurian (NASDAQ:TELL)

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