Equities research analysts predict that Tellurian Inc (NASDAQ:TELL) will post earnings per share of ($0.15) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Tellurian’s earnings, with the lowest EPS estimate coming in at ($0.28) and the highest estimate coming in at ($0.06). Tellurian posted earnings of ($0.14) per share in the same quarter last year, which indicates a negative year over year growth rate of 7.1%. The business is expected to report its next quarterly earnings results on Wednesday, February 26th.
On average, analysts expect that Tellurian will report full year earnings of ($0.68) per share for the current year, with EPS estimates ranging from ($0.81) to ($0.50). For the next year, analysts expect that the firm will report earnings of ($0.44) per share, with EPS estimates ranging from ($0.96) to ($0.19). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Tellurian.
Tellurian (NASDAQ:TELL) last announced its quarterly earnings data on Wednesday, November 6th. The oil and gas producer reported ($0.18) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.05). Tellurian had a negative return on equity of 48.80% and a negative net margin of 1,074.80%. The business had revenue of $9.34 million for the quarter, compared to analyst estimates of $13.60 million.
A number of analysts recently commented on the company. Stifel Nicolaus lowered Tellurian from a “buy” rating to a “hold” rating and decreased their price objective for the company from $16.00 to $9.00 in a research note on Tuesday, July 16th. Bank of America lowered Tellurian from a “buy” rating to a “neutral” rating in a research note on Friday, August 23rd. BidaskClub raised Tellurian from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 20th. ValuEngine raised Tellurian from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Finally, Evercore ISI assumed coverage on Tellurian in a research note on Tuesday, September 17th. They set an “outperform” rating and a $14.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $12.33.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Regal Wealth Group Inc. purchased a new position in Tellurian during the second quarter worth about $32,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Tellurian by 54.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,644 shares of the oil and gas producer’s stock worth $47,000 after buying an additional 1,986 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its position in Tellurian by 599.2% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,747 shares of the oil and gas producer’s stock worth $69,000 after buying an additional 7,496 shares during the period. Cubist Systematic Strategies LLC lifted its position in Tellurian by 11,423.7% during the second quarter. Cubist Systematic Strategies LLC now owns 11,178 shares of the oil and gas producer’s stock worth $88,000 after buying an additional 11,081 shares during the period. Finally, Tranquility Partners LLC purchased a new position in Tellurian during the second quarter worth about $92,000. Hedge funds and other institutional investors own 21.68% of the company’s stock.
Shares of TELL stock opened at $7.40 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market capitalization of $1.88 billion, a PE ratio of -12.98 and a beta of 1.82. Tellurian has a 1-year low of $5.12 and a 1-year high of $11.80. The business’s fifty day moving average price is $8.11 and its 200 day moving average price is $7.77.
Tellurian Inc plans to develop, own, and operate a natural gas business and to deliver natural gas to customers worldwide. The company is developing a portfolio of natural gas production, liquefied natural gas (LNG) marketing, and infrastructure assets that includes an approximately 27.6 million tons per annum LNG export facility and an associated pipeline in southwest Louisiana.
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