Wall Street analysts predict that Tellurian Inc (NASDAQ:TELL) will post $18.59 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Tellurian’s earnings, with estimates ranging from $11.20 million to $25.40 million. Tellurian posted sales of $810,000.00 during the same quarter last year, which would indicate a positive year-over-year growth rate of 2,195.1%. The business is scheduled to issue its next quarterly earnings results on Wednesday, August 14th.
On average, analysts expect that Tellurian will report full-year sales of $67.67 million for the current year, with estimates ranging from $26.00 million to $91.40 million. For the next fiscal year, analysts expect that the business will report sales of $214.99 million, with estimates ranging from $138.40 million to $309.60 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Tellurian.
Tellurian (NASDAQ:TELL) last posted its quarterly earnings data on Wednesday, May 8th. The oil and gas producer reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.04). Tellurian had a negative return on equity of 43.26% and a negative net margin of 1,595.25%. The business had revenue of $4.96 million for the quarter, compared to analysts’ expectations of $8.88 million.
TELL has been the topic of several analyst reports. BidaskClub downgraded Tellurian from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 12th. BTIG Research initiated coverage on Tellurian in a report on Monday, March 11th. They set a “buy” rating and a $20.00 price objective on the stock. Gabelli initiated coverage on Tellurian in a report on Monday. They set a “buy” rating on the stock. Zacks Investment Research upgraded Tellurian from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. Finally, Credit Suisse Group lifted their target price on Tellurian from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Thursday, February 28th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $14.21.
TELL stock traded down $0.37 during midday trading on Tuesday, hitting $8.61. 1,090,769 shares of the company’s stock were exchanged, compared to its average volume of 1,788,620. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.21. Tellurian has a 12-month low of $5.90 and a 12-month high of $12.45. The company has a market capitalization of $2.15 billion, a PE ratio of -15.11 and a beta of 1.80.
Several institutional investors and hedge funds have recently modified their holdings of TELL. Bank of New York Mellon Corp grew its position in shares of Tellurian by 9.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 353,440 shares of the oil and gas producer’s stock worth $3,170,000 after acquiring an additional 31,922 shares in the last quarter. MetLife Investment Advisors LLC grew its position in shares of Tellurian by 55.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 60,418 shares of the oil and gas producer’s stock worth $542,000 after acquiring an additional 21,478 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Tellurian by 4.3% in the 3rd quarter. Vanguard Group Inc. now owns 8,433,168 shares of the oil and gas producer’s stock worth $75,645,000 after acquiring an additional 346,785 shares in the last quarter. Vanguard Group Inc grew its position in shares of Tellurian by 4.3% in the 3rd quarter. Vanguard Group Inc now owns 8,433,168 shares of the oil and gas producer’s stock worth $75,645,000 after acquiring an additional 346,785 shares in the last quarter. Finally, Teachers Advisors LLC grew its position in shares of Tellurian by 3.6% in the 3rd quarter. Teachers Advisors LLC now owns 160,732 shares of the oil and gas producer’s stock worth $1,442,000 after acquiring an additional 5,559 shares in the last quarter. Institutional investors own 21.41% of the company’s stock.
Tellurian Company Profile
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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