Tellurian Inc. (NASDAQ:TELL) produced a 13.05% rally since recording the worst price of $5.9. Thanks to the latest -13.38% decrease, it now trades at $6.67. Throughout the trading on 7/17/2019, the share price floated between $6.5 and $7.49. This company shares are 87.71% off its target price of $12.52 and the current market capitalization stands at $1.54B. The recent change has given its price a -17.55% deficit over SMA 50 and -43.47% deficit over its 52-week high. The stock witnessed -15.14% declines, -33.76% declines and -15.14% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found TELL’s volatility during a week at 8.31% and during a month it has been found around 5.76%.
What Does Tellurian Inc. (TELL) Do?
The company describes itself in regulatory filings as, “Tellurian, Inc. engages in producing natural gas and investing in natural gas projects. It develops a portfolio of natural gas production, LNG marketing, and infrastructure assets that includes an LNG terminal facility and an associated pipeline in southwest Louisiana. The company was founded by Charif Souki and Martin Houston in February 2016 and is headquartered in Houston, TX.” [Text can be found here: https://www.marketwatch.com/investing/stock/TELL/profile under company description.]Tellurian Inc. (TELL) Top Holders
Institutional investors currently hold around $402 million or 22.9% in TELL stock. Look at its top three institutional owners: Vanguard Group Inc owns $67.34 million in Tellurian Inc., which represents roughly 4.37% of the company’s market cap and approximately 16.75% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 5,970,916 shares of the stock are valued at $45.98 million. The third largest holder is Neuberger Berman Group Llc, which currently holds $25.97 million worth of this stock and that ownership represents nearly 1.69% of its market capitalization.Tellurian Inc. 13F Filings
At the end of March reporting period, 66 institutional holders increased their position in Tellurian Inc. (NASDAQ:TELL) by some 7,211,149 shares, 53 decreased positions by 6,785,511 and 30 held positions by 38,263,149. That puts total institutional holdings at 52,259,809 shares, according to SEC filings. The stock grabbed 24 new institutional investments totaling 1,058,343 shares while 14 institutional investors sold out their entire positions totaling 342,714 shares.Tellurian Inc. (NASDAQ:TELL) Insider Trades
Multiple company employees have indulged in significant insider trading. Tellurian Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director TURKLESON DON A has acquired 42,320 shares of Tellurian Inc. (TELL) in the trading session dated Dec. 17, 2018. These shares are worth $285,660 and were traded at $6.75 each. The SEC filing shows that TURKLESON DON A performed a purchase of 87,680 shares. The Director added these shares by way of transaction on Dec. 13, 2018. The company’s shares were assimilated at $6.75 per share worth to an investment of some $591,840 to the account of TURKLESON DON A.
Director, 10% Owner, SOUKI CHARIF, purchased 20,000 common shares of Tellurian Inc. (TELL) in the open market. In a transaction dated Nov. 21, 2018, the shares were bought at an average price of $7.28, giving away a sum of $145,600. After this purchase, 54,598,728 common shares of TELL are directly owned by the insider, with total stake valued at $364,173,516.
In the transaction dated Nov. 20, 2018, a great number of shares acquired came courtesy the Director, 10% Owner; SOUKI CHARIF added a total of 50,000 shares at an average price of $7.29, amounting to approximately $364,500. The insider now directly owns 54,578,728 shares worth $364,040,116.Tellurian Inc. (TELL) Analyst Guide
Several analysts have released their opinion on Tellurian Inc. (NASDAQ:TELL), with 4 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 3 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.08 average brokerage recommendation [T1].