Investing in Tellurian Inc. [TELL]: What You Must Know


Tellurian Inc.’s recently made public that its Director GROSS JONATHAN S acquired Company’s shares for reported $0.14 million on Jun 30. In the deal valued at $1.38 per share,100,000 shares were bought. As a result of this transaction, GROSS JONATHAN S now holds 240,000 shares worth roughly $ 0.27 million.

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Then, SOUKI CHARIF sold 195,220 shares, generating $236,216 in total proceeds. Upon selling the shares at $1.21, the Executive Chairman now owns 1,659,639 shares.

Before that, SOUKI CHARIF sold 187,257 shares. Tellurian Inc. shares valued at $235,944 were divested by the Executive Chairman at a price of $1.26 per share. As a result of the transaction, SOUKI CHARIF now holds 1,854,859 shares, worth roughly $2.11 million.

BofA Securities downgraded its Tellurian Inc. [TELL] rating to an Underperform from a a Buy in a research note published on Friday, February 14, 2023; the price target was decreased to $1.50 from $4. PT values the company’s stock at a premium of 24.0 to its Friday closing price.

Price Performance Review of TELL

On Friday, Tellurian Inc. [AMEX:TELL] saw its stock jump 1.79% to $1.14. On the same session, the stock had its day’s lowest price of $1.13, but rose to a high of $1.20. Over the last five days, the stock has lost -2.56%. Tellurian Inc. shares have fallen nearly -32.14% since the year began. Nevertheless, the stocks have fallen -71.50% over the past one year. While a 52-week high of $4.66 was reached on 01/13/23, a 52-week low of $0.94 was recorded on 03/24/23. SMA at 50 days reached $1.4192, while 200 days put it at $1.5933. A total of 5.86 million shares were traded, compared to the trading of 6.08 million shares in the previous session.

Levels Of Support And Resistance For TELL Stock

The 24-hour chart illustrates a support level at 1.1150, which if violated will result in even more drops to 1.0900. On the upside, there is a resistance level at 1.1800. A further resistance level may holdings at 1.2200. The Relative Strength Index (RSI) on the 14-day chart is 36.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0610, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.31%. Stochastics %K at 17.22% indicates the stock is a buying.

How much short interest is there in Tellurian Inc.?

A steep rise in short interest was recorded in Tellurian Inc. stocks on Aug 14, 2023, dropping by -4.04 million shares to a total of 67.54 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 71.58 million shares. There was a decline of -5.98%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 12.17% of the overall stock float, the days-to-cover ratio (short ratio) fell to 7.79.

Tellurian Inc. [TELL] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 40,216,075 shares, or roughly 7.15% of the outstanding TELL shares. In other words, the investor’s shares have risen by 1,155,900 from its previous 13-F filing of 39060175.0. Additionally, BlackRock Fund Advisors increased 9.41% of its stake after which the total value it holdings stand at $58,354,873, while SSgA Funds Management, Inc. reduced -34.79% of its stake to hold $42.87 million in the firm. Over the last quarter, Geode Capital Management LLC purchased 544,022 shares of Tellurian Inc., while D. E. Shaw & Co. LP bought -913,975 shares. At present, Paulson & Co., Inc. is holding 5,340,663 shares valued at $9.19 million. Northern Trust Investments, Inc. owned 4,746,866 shares of the company at the time of its most recent 13F filing, worth $8.16 million.

According to FactSet, Tellurian Inc.’s share price will average $2.58 in the next year, based on opinions of analysts polled by the firm. This is up nearly 123.21 percent from its previous closing price of $1.12. Analysts expect Tellurian Inc. stock to reach the higher price of $5.00, while the lowest price estimate is $0.90. However, 6 analysts have rated TELL stock as an Overweight in their predictions for 2023.


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