On April 6, 2023 at 10:06:59 ET an unusually large
$107.23K block of Call contracts in Tellurian
(TELL) was bought,
with a strike price of $1.50 / share, expiring in 106 days (on July 21, 2023).
Fintel tracks all large options trades, and the premium spent on this trade was 2.80 sigmas above the mean, placing it in the 99.94 percentile of all recent large trades made in TELL options.
This trade was first picked up on Fintel’s real time Unusual Option Trades
tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 248.36% Upside
As of April 6, 2023,
the average one-year price target for Tellurian is $4.11.
The forecasts range from a low of $1.31 to a high of $10.50.
The average price target represents an increase of 248.36% from its latest reported closing price of $1.18.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Tellurian
is $521MM, an increase of 33.05%.
The projected annual non-GAAP EPS
is -$0.04.
What is the Fund Sentiment?
There are 399 funds or institutions reporting positions in Tellurian.
This is a decrease
of
26
owner(s) or 6.12% in the last quarter.
Average portfolio weight of all funds dedicated to TELL is 0.05%,
a decrease
of 31.24%.
Total shares owned by institutions increased
in the last three months by 2.95% to 254,485K shares.
The put/call ratio of TELL is 0.06, indicating a
bullish
outlook.
What are Large Shareholders Doing?
XOP – SPDR Oil & Gas Exploration & Production ETF
holds 35,834K shares
representing 6.36% ownership of the company.
In it’s prior filing, the firm reported owning 20,098K shares, representing
an increase
of 43.91%.
The firm
increased
its portfolio allocation in TELL by 2.54% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 15,325K shares
representing 2.72% ownership of the company.
No change in the last quarter.
IWM – iShares Russell 2000 ETF
holds 11,750K shares
representing 2.09% ownership of the company.
In it’s prior filing, the firm reported owning 11,177K shares, representing
an increase
of 4.88%.
The firm
decreased
its portfolio allocation in TELL by 33.08% over the last quarter.
Geode Capital Management
holds 9,019K shares
representing 1.60% ownership of the company.
In it’s prior filing, the firm reported owning 8,726K shares, representing
an increase
of 3.26%.
The firm
decreased
its portfolio allocation in TELL by 32.78% over the last quarter.
D. E. Shaw &
holds 9,003K shares
representing 1.60% ownership of the company.
In it’s prior filing, the firm reported owning 8,669K shares, representing
an increase
of 3.71%.
The firm
decreased
its portfolio allocation in TELL by 32.44% over the last quarter.
Tellurian Background Information
(This description is provided by the company.)
Tellurian intends to create value for shareholders by building a low-cost, global natural gas business, profitably delivering natural gas to customers worldwide. Tellurian is developing a portfolio of natural gas production and has nearly 100 drillable locations with an estimated one trillion cubic feet of net resource. It is also developing an LNG trading operation and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an associated pipeline. Tellurian is based in Houston, Texas, and its common stock is listed on the Nasdaq Capital Market under the symbol “TELL”.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
