Let’s start up with the current stock price of Tellurian Inc. (TELL), which is $2.22 to be very precise. The Stock rose vividly during the last session to $2.26 after opening rate of $2.26 while the lowest price it went was recorded $2.12 before closing at $2.21.
Recently in News on April 30, 2021, Cushing® Asset Management and Swank Capital Announce a Constituent Change to The Cushing® 30 MLP Index. Cushing® Asset Management, LP, and Swank Capital, LLC, announce an upcoming interim change to the constituents of The Cushing® 30 MLP Index (the “Index”). On February 16, 2021, Index constituents Enable Midstream Partners, LP (NYSE: ENBL) and Energy Transfer LP (NYSE: ET) announced that they had entered into an Agreement and Plan of Merger that, if approved by at least a majority of ENBL common unitholders, would result in ENBL common units ceasing to be publicly traded. The parties subsequently announced that a majority of ENBL common unitholders have delivered written consents approving the Merger Agreement, and, accordingly, the merger closing may occur as early as May 10, 2021. Per the Index’s methodology guide, this event will result in a constituent replacement. Accordingly, after the market closes on May 7, 2021, and effective on May 10, 2021, Tellurian Inc (NASDAQ: TELL) will replace ENBL as a constituent of the Index at ENBL’s then-current weight. You can read further details here
Tellurian Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $4.39 on 01/25/21, with the lowest value was $1.20 for the same time period, recorded on 01/04/21.
Tellurian Inc. (TELL) full year performance was 74.80%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Tellurian Inc. shares are logging -49.37% during the 52-week period from high price, and 226.37% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.68 and $4.39.
The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 6658927 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Tellurian Inc. (TELL) recorded performance in the market was 73.44%, having the revenues showcasing -27.69% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 891.11M, as it employees total of 102 workers.
Analysts verdict on Tellurian Inc. (TELL)
During the last month, 2 analysts gave the Tellurian Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 6 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 2 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 2.34, with a change in the price was noted +0.72. In a similar fashion, Tellurian Inc. posted a movement of +48.00% for the period of last 100 days, recording 12,766,372 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for TELL is recording 1.14 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.48.
Tellurian Inc. (TELL): Technical Analysis
Raw Stochastic average of Tellurian Inc. in the period of last 50 days is set at 27.03%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 75.95%. In the last 20 days, the company’s Stochastic %K was 73.04% and its Stochastic %D was recorded 71.12%.
Let’s take a glance in the erstwhile performances of Tellurian Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 73.44%. Additionally, trading for the stock in the period of the last six months notably improved by 145.60%, alongside a boost of 74.80% for the period of the last 12 months. The shares increased approximately by 2.78% in the 7-day charts and went up by -10.84% in the period of the last 30 days. Common stock shares were lifted by -27.69% during last recorded quarter.