905,630 Shares in Tellurian Inc. (NYSEAMERICAN:TELL) Acquired by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. acquired a new position in Tellurian Inc. (NYSEAMERICAN:TELL - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 905,630 shares of the oil and gas producer's stock, valued at approximately $627,000. Point72 Asia Singapore Pte. Ltd. owned about 0.10% of Tellurian at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Arizona State Retirement System raised its stake in shares of Tellurian by 6.8% during the second quarter. Arizona State Retirement System now owns 197,131 shares of the oil and gas producer's stock worth $137,000 after buying an additional 12,516 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Tellurian by 88.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 60,204 shares of the oil and gas producer's stock worth $42,000 after buying an additional 28,236 shares during the period. Cubist Systematic Strategies LLC lifted its position in Tellurian by 16.0% during the second quarter. Cubist Systematic Strategies LLC now owns 205,672 shares of the oil and gas producer's stock worth $142,000 after purchasing an additional 28,301 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Tellurian by 6.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 508,768 shares of the oil and gas producer's stock worth $337,000 after acquiring an additional 28,634 shares in the last quarter. Finally, Payden & Rygel Investment Group bought a new stake in shares of Tellurian during the 1st quarter valued at approximately $26,000. Institutional investors own 48.87% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Activity

In other Tellurian news, Director Diana Derycz Kessler sold 1,000,000 shares of the firm's stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $0.95, for a total value of $950,000.00. Following the completion of the transaction, the director now directly owns 1,050,000 shares of the company's stock, valued at approximately $997,500. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.00% of the company's stock.

Tellurian Stock Performance

TELL stock traded up $0.00 during mid-day trading on Thursday, hitting $0.97. The company had a trading volume of 48,314,180 shares, compared to its average volume of 39,648,414. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a market cap of $867.02 million, a price-to-earnings ratio of -3.23 and a beta of 2.56. Tellurian Inc. has a 12 month low of $0.36 and a 12 month high of $1.21. The firm's fifty day moving average is $0.71.

Tellurian (NYSEAMERICAN:TELL - Get Free Report) last announced its quarterly earnings data 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%. Equities analysts anticipate that Tellurian Inc. will post -0.19 earnings per share for the current year.

Tellurian 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.