Tellurian Inc. (NYSEAMERICAN:TELL) Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its position in shares of Tellurian Inc. (NYSEAMERICAN:TELL) by 91.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 76,104 shares of the oil and gas producer’s stock after selling 775,700 shares during the quarter. Rhumbline Advisers’ holdings in Tellurian were worth $53,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Payden & Rygel Investment Group acquired a new position in Tellurian in the 1st quarter valued at $26,000. Arkadios Wealth Advisors purchased a new stake in shares of Tellurian in the second quarter valued at $38,000. Moloney Securities Asset Management LLC acquired a new position in Tellurian in the first quarter valued at $99,000. Cedar Wealth Management LLC purchased a new position in Tellurian during the first quarter worth about $121,000. Finally, Commonwealth Equity Services LLC lifted its position in Tellurian by 12.4% during the second quarter. Commonwealth Equity Services LLC now owns 366,020 shares of the oil and gas producer’s stock worth $254,000 after buying an additional 40,281 shares during the period. Institutional investors and hedge funds own 48.87% of the company’s stock.

Tellurian Price Performance

NYSEAMERICAN:TELL opened at $0.97 on Tuesday. The stock has a market capitalization of $864.34 million, a P/E ratio of -3.22 and a beta of 2.56. The stock’s 50 day moving average is $0.71. Tellurian Inc. has a fifty-two week low of $0.36 and a fifty-two week high of $1.16. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.27 and a current ratio of 0.27.

Tellurian (NYSEAMERICAN:TELL) last issued its earnings results on Thursday, August 8th. The oil and gas producer reported ($0.04) earnings per share for the quarter, hitting the consensus estimate of ($0.04). Tellurian had a negative return on equity of 20.24% and a negative net margin of 129.88%. Research analysts forecast that Tellurian Inc. will post -0.19 earnings per share for the current fiscal year.

Insider Transactions at Tellurian

In other news, Director Diana Derycz Kessler sold 1,000,000 shares of the business’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $0.95, for a total transaction of $950,000.00. Following the completion of the sale, the director now owns 1,050,000 shares in the company, valued at approximately $997,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, B. Riley restated a “neutral” rating and issued a $1.00 price target (down previously from $2.50) on shares of Tellurian in a report on Monday, July 22nd.

Tellurian Company Profile

Tellurian Inc engages in the natural gas business worldwide. It operates through three segments: The Upstream, The Midstream, and The Marketing & Trading. The company produces, gathers, purchases, sells, and delivers natural gas; acquires and develops natural gas assets; and develops, constructs, and operates liquefied natural gas terminals and pipelines.