Brokerages expect Tellurian Inc (NASDAQ:TELL) to report $18.59 million in sales for the current fiscal quarter, Zacks reports. 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 suggest a positive year-over-year growth rate of 2,195.1%. The business is expected to announce its next earnings results on Wednesday, August 14th.
According to Zacks, analysts expect that Tellurian will report full year sales of $67.67 million for the current fiscal year, with estimates ranging from $26.00 million to $91.40 million. For the next year, analysts forecast that the firm will report sales of $214.99 million, with estimates ranging from $138.40 million to $309.60 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Tellurian.
Tellurian (NASDAQ:TELL) last posted its quarterly earnings data on Wednesday, May 8th. The oil and gas producer reported ($0.16) 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 company had revenue of $4.96 million during the quarter, compared to the consensus estimate of $8.88 million.
Several research firms have recently commented on TELL. Zacks Investment Research raised Tellurian from a “sell” rating to a “hold” rating in a research note on Thursday, March 28th. BidaskClub raised Tellurian from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 27th. Credit Suisse Group lifted their target price on Tellurian from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Thursday, February 28th. BTIG Research began coverage on Tellurian in a research note on Monday, March 11th. They set a “buy” rating and a $20.00 target price on the stock. Finally, Raymond James began coverage on Tellurian in a research note on Wednesday, February 13th. They set an “outperform” rating and a $12.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $14.21.
Shares of NASDAQ TELL traded down $0.23 during trading on Wednesday, hitting $7.32. The company had a trading volume of 1,035,776 shares, compared to its average volume of 1,717,718. 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 $11.91. The company has a market capitalization of $1.77 billion, a P/E ratio of -12.84 and a beta of 1.99.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Electron Capital Partners LLC boosted its holdings in Tellurian by 58.7% during the 1st quarter. Electron Capital Partners LLC now owns 3,069,483 shares of the oil and gas producer’s stock valued at $34,378,000 after acquiring an additional 1,135,798 shares during the period. Morgan Stanley raised its position in Tellurian by 154.9% during the 1st quarter. Morgan Stanley now owns 596,766 shares of the oil and gas producer’s stock valued at $6,683,000 after purchasing an additional 362,635 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new stake in Tellurian during the 1st quarter valued at $75,000. SEI Investments Co bought a new stake in Tellurian during the 1st quarter valued at $765,000. Finally, Geode Capital Management LLC raised its position in Tellurian by 8.0% during the 1st quarter. Geode Capital Management LLC now owns 1,213,236 shares of the oil and gas producer’s stock valued at $13,588,000 after purchasing an additional 89,355 shares in the last quarter. 21.60% of the stock is currently owned by institutional investors.
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.
Recommended Story: How are institutional investors different from individual investors?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Tellurian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tellurian and related companies with MarketBeat.com's FREE daily email newsletter.