Why did Tellurian stock fall more than 15% Wednesday?
Shares of Tellurian (NASDAQ: TELL) tumbled more than 15% by 2:30 p.m. EST on Wednesday. Weighing on the liquified natural gas (LNG) stock was news that it closed a debt offering. Tellurian closed its previously announced public offering of senior notes. Shares in Houston-based Tellurian (NYSEAMERICAN:TELL) have been riding the natural gas wave.
Did Tellurian close a debt offering?
Weighing on the liquified natural gas (LNG) stock was news that it closed a debt offering. Tellurian closed its previously announced public offering of senior notes. HOUSTON, November 10, 2021--Tellurian Closes Public Offering of Senior Notes
Is Tellurian a buy or sell on Wall Street?
- StockNews.com Tellurian has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings. According to analysts' consensus price target of $6.70, Tellurian has a forecasted upside of 36.5% from its current price of $4.91.
Why did Tellurian transfer to the NYSE American?
Transferring to the NYSE American allows Tellurian "to leverage the exchange’s prestigious trading platform for our shareholders’ benefit," said Tellurian Executive Chairman Charif Souki. Magellan Petroleum Corporation (TELL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report.
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What's going on with Tellurian?
Magellan Petroleum Corporation (TELL) Reports Q3 Loss, Misses Revenue Estimates. Magellan Petroleum Corporation (TELL) delivered earnings and revenue surprises of 0.00% and -48.23%, respectively, for the quarter ended September 2021.
Is Tellurian a good investment?
In short, one could argue that Tellurian is a company with above-average potential and above-average risk. Whether one likes that type of investment depends on one's personal investment goals, risk appetite, etc.
Will Tellurian go up?
The average TELLURIAN stock price prediction forecasts a potential upside of 94.99% from the current TELL share price of $3.59.
Should I sell Tellurian stock?
4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tellurian in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Tellurian stock.
How high can Tellurian stock go?
Stock Price Forecast The 8 analysts offering 12-month price forecasts for Tellurian Inc have a median target of 7.00, with a high estimate of 10.00 and a low estimate of 3.50. The median estimate represents a +70.73% increase from the last price of 4.10.
Is Tellurian a meme stock?
Tellurian's transformation into an energy-industry meme stock shows how founders and chief executives are embracing the risk-taking investors who helped fuel the comebacks of companies such as Hertz Global Holdings Inc.
Is Tellurian profitable?
Even though Tellurian was founded in 2016, it's still unprofitable. Indeed, for 2021 as a whole, for it to grow its top line by $71 million, it had to incur $113 million in GAAP operating losses. Said another way, this is a highly speculative company, where its P&L statement is ''upside down''.
Will Tellurian pay dividends?
TELLURIAN (NASDAQ: TELL) does not pay a dividend.
Is LNG a buy or sell?
According to the issued ratings of 6 analysts in the last year, the consensus rating for Bausch Health Companies stock is Buy based on the current 1 hold rating and 5 buy ratings for BHC.
Who owns Tellurian stock?
Top 10 Owners of Tellurian IncStockholderStakeShares ownedThe Vanguard Group, Inc.3.93%22,350,239Paulson & Co., Inc.1.23%7,000,000Geode Capital Management LLC1.14%6,503,276D. E. Shaw & Co. LP1.12%6,376,1486 more rows
Will Driftwood LNG be built?
The project is expected to produce first LNG in 2023, with full operations expected in 2026. In total, Driftwood will produce 27.6 mtpa of LNG or about 4 billion cubic feet per day (bcfd) of natural gas. The FID for the second phase of the project is expected about 12 to 18 months after construction starts on phase 1.
What kind of company is Tellurian?
natural gas companyTellurian Inc. is a natural gas company headquartered in Houston, Texas. It was founded in 2016 by Charif Souki and Martin Houston and is led by President and CEO Octávio Simões.
Should I buy or sell Tellurian stock right now?
4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tellurian in the last year. There are currently 1 hold rating and...
What is Tellurian's stock price forecast for 2022?
4 brokers have issued 1 year price targets for Tellurian's shares. Their forecasts range from $7.00 to $8.00. On average, they anticipate Tellurian...
How has Tellurian's stock performed in 2022?
Tellurian's stock was trading at $3.08 at the beginning of the year. Since then, TELL stock has increased by 33.4% and is now trading at $4.11. Vi...
When is Tellurian's next earnings date?
Tellurian is scheduled to release its next quarterly earnings announcement on Monday, August 1st 2022. View our earnings forecast for Tellurian .
How were Tellurian's earnings last quarter?
Tellurian Inc. (NYSEAMERICAN:TELL) released its quarterly earnings data on Wednesday, May, 4th. The oil and gas producer reported ($0.14) earnings...
Who are Tellurian's key executives?
Tellurian's management team includes the following people: Mr. Charif Souki , Co-Founder & Exec. Chairman (Age 69, Pay $900k) Mr. Octavio M. C....
Who are some of Tellurian's key competitors?
Some companies that are related to Tellurian include Toray Industries (TRYIY) , PDC Energy (PDCE) , Matador Resources (MTDR) , Murphy Oil (MUR)...
What is Tellurian's stock symbol?
Tellurian trades on the New York Stock Exchange (NYSE)AMERICAN under the ticker symbol "TELL."
Who are Tellurian's major shareholders?
Tellurian's stock is owned by a number of retail and institutional investors. Top institutional shareholders include State Street Corp (5.06%), Bla...
AMEX
Environmental, Social, and Governance Rating
The Company is engaged in the sale of oil and gas and the exploration for and development of oil and gas reserves.
Business Summary
"B" score indicates good relative ESG performance and an above-average degree of transparency in reporting material ESG data publicly and privately. Scores range from AAA to D.
Does Tellurian have M&A?
The Company is engaged in the sale of oil and gas and the exploration for and development of oil and gas reserves.
Is Tellurian a natural gas company?
Tellurian looks to grow U.S. gas output organically and through M&A. U.S. liquefied natural gas (LNG) developer Tellurian Inc wants to grow gas production by adding to its own output and through mergers and acquisitions, the company's executive chairman Charif Souki said this week.
The LNG developer closed a debt deal
U.S. liquefied natural gas (LNG) developer Tellurian Inc wants to grow gas production by adding to its own output and through mergers and acquisitions, the company's executive chairman Charif Souki said this week. He said this was "a once in a life-time opportunity" for producers to merge or be acquired because they can realize much better revenue by being exposed to international gas prices through the Driftwood LNG export plant Tellurian is developing in Louisiana. U.S. gas prices at the Henry Hub were up over 50% this year to around $3.75 per million British thermal units (mmBtu) after falling to a 25-year average low of $2.03 in 2020.
What happened
Matthew is a senior energy and materials specialist with The Motley Fool. He graduated from Liberty University with a degree in Biblical Studies and a Masters of Business Administration. You can follow him on Twitter for the latest news and analysis of the energy and materials industries: Follow @matthewdilallo
So what
Shares of Tellurian ( NASDAQ:TELL) tumbled more than 15% by 2:30 p.m. EST on Wednesday. Weighing on the liquified natural gas (LNG) stock was news that it closed a debt offering.
Now what
Tellurian closed its previously announced public offering of senior notes. The company priced the $50 million note offering due in 2028 at 8.25%. After fees and commissions, the company will receive about $47.1 million. It also has granted underwriters the ability to purchase another $7.5 million of notes over the next 30 days.
What happened
The main catalyst for Tellurian is Driftwood LNG, a $12 billion project that could generate $5 billion in annual operating cash flow at current natural gas prices. The company said it planned to turn its focus toward financing Driftwood when it reported third-quarter results last week.
So what
Shares of Tellurian (NASDAQ: TELL) fell over 21% last month, according to data provided by S&P Global Market Intelligence.
Now what
Individual investors can't put too much value on analyst upgrades or downgrades. There's relatively little accountability on Wall Street and a long history of awful track records.
