Tellurian Inc. (NYSEAMERICAN:TELL) Shares Purchased by C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its stake in shares of Tellurian Inc. (NYSEAMERICAN:TELL) by 83.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,740 shares of the oil and gas producer’s stock after buying an additional 16,218 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Tellurian were worth $35,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Tellurian by 12.5% in the 1st quarter. Vanguard Group Inc. now owns 37,380,931 shares of the oil and gas producer’s stock valued at $24,724,000 after purchasing an additional 4,149,531 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Tellurian by 174.5% during the second quarter. Millennium Management LLC now owns 14,833,537 shares of the oil and gas producer’s stock worth $10,274,000 after purchasing an additional 9,430,606 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Tellurian by 22.9% during the first quarter. BNP Paribas Financial Markets now owns 1,785,943 shares of the oil and gas producer’s stock worth $1,181,000 after purchasing an additional 333,362 shares during the last quarter. Foundations Investment Advisors LLC raised its position in shares of Tellurian by 8.9% in the 2nd quarter. Foundations Investment Advisors LLC now owns 1,439,118 shares of the oil and gas producer’s stock worth $997,000 after buying an additional 117,400 shares during the period. Finally, Swiss National Bank lifted its position in shares of Tellurian by 13.8% during the first quarter. Swiss National Bank now owns 1,326,400 shares of the oil and gas producer’s stock worth $877,000 after purchasing an additional 160,900 shares in the last quarter. 48.87% of the stock is currently owned by institutional investors and hedge funds.

Tellurian Price Performance

Tellurian stock opened at $1.00 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market capitalization of $892.85 million, a P/E ratio of -3.33 and a beta of 2.56. Tellurian Inc. has a one year low of $0.36 and a one year high of $1.07. The stock’s fifty day simple moving average is $0.72.

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

Insiders Place Their Bets

In related news, Director Diana Derycz Kessler sold 1,000,000 shares of Tellurian stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $0.95, for a total value of $950,000.00. Following the sale, the director now owns 1,050,000 shares of the company’s stock, valued at approximately $997,500. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

Separately, B. Riley reissued a “neutral” rating and set a $1.00 target price (down 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.