Foundations Investment Advisors LLC Acquires 1,206,793 Shares of Tellurian Inc. (NYSEAMERICAN:TELL)

Foundations Investment Advisors LLC raised its stake in Tellurian Inc. (NYSEAMERICAN:TELL) by 4,704.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,232,443 shares of the oil and gas producer’s stock after buying an additional 1,206,793 shares during the quarter. Foundations Investment Advisors LLC owned about 0.19% of Tellurian worth $937,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Tellurian by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 42,954,827 shares of the oil and gas producer’s stock valued at $49,828,000 after buying an additional 1,844,374 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Tellurian by 343.4% during the 4th quarter. BNP Paribas Financial Markets now owns 1,452,581 shares of the oil and gas producer’s stock worth $1,098,000 after buying an additional 1,124,976 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Tellurian by 12.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,362,138 shares of the oil and gas producer’s stock worth $5,060,000 after buying an additional 495,864 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Tellurian during the 3rd quarter worth about $402,000. Finally, New York State Common Retirement Fund lifted its stake in shares of Tellurian by 73.0% during the 4th quarter. New York State Common Retirement Fund now owns 787,273 shares of the oil and gas producer’s stock worth $595,000 after buying an additional 332,323 shares during the last quarter. Institutional investors and hedge funds own 48.87% of the company’s stock.

Tellurian Trading Up 4.1 %

NYSEAMERICAN:TELL traded up $0.02 during mid-day trading on Friday, hitting $0.54. 1,630,919 shares of the company’s stock were exchanged, compared to its average volume of 35,426,688. The stock’s 50 day moving average is $0.74. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.46 and a quick ratio of 0.46. Tellurian Inc. has a fifty-two week low of $0.36 and a fifty-two week high of $1.76. The company has a market cap of $453.74 million, a price-to-earnings ratio of -1.74 and a beta of 2.44.

Tellurian (NYSEAMERICAN:TELL) last issued its quarterly earnings results on Thursday, May 2nd. The oil and gas producer reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The firm had revenue of $25.47 million during the quarter, compared to analyst estimates of $34.19 million. Tellurian had a negative return on equity of 25.12% and a negative net margin of 129.88%. As a group, analysts expect that Tellurian Inc. will post -0.19 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Morgan Stanley decreased their target price on shares of Tellurian from $2.50 to $1.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 13th.

About Tellurian

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.