Equities research analysts expect Tellurian Inc (NASDAQ:TELL) to announce $6.79 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Tellurian’s earnings, with the highest sales estimate coming in at $8.80 million and the lowest estimate coming in at $3.70 million. Tellurian posted sales of $5.33 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 27.4%. The company is scheduled to report its next earnings report on Wednesday, August 5th.

According to Zacks, analysts expect that Tellurian will report full year sales of $79.86 million for the current financial year, with estimates ranging from $29.10 million to $130.00 million. For the next fiscal year, analysts expect that the company will report sales of $152.41 million, with estimates ranging from $31.60 million to $248.66 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Tellurian.

Tellurian (NASDAQ:TELL) last posted its quarterly earnings results on Monday, May 4th. The oil and gas producer reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.04). The business had revenue of $8.22 million for the quarter, compared to analysts’ expectations of $6.42 million. Tellurian had a negative return on equity of 83.65% and a negative net margin of 494.44%.

Several equities analysts have recently weighed in on TELL shares. Roth Capital started coverage on shares of Tellurian in a report on Wednesday, June 10th. They set a “buy” rating and a $5.25 target price for the company. Raymond James lowered shares of Tellurian from an “outperform” rating to a “market perform” rating in a report on Thursday, March 12th. Zacks Investment Research lowered shares of Tellurian from a “buy” rating to a “hold” rating in a report on Monday, May 4th. Seaport Global Securities lowered shares of Tellurian from a “buy” rating to a “neutral” rating in a report on Tuesday, March 3rd. Finally, Robert W. Baird lowered shares of Tellurian from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $5.00 to $2.00 in a report on Monday, March 9th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $6.50.

A number of institutional investors and hedge funds have recently made changes to their positions in TELL. GSA Capital Partners LLP acquired a new stake in Tellurian during the 1st quarter worth $26,000. Engineers Gate Manager LP acquired a new stake in Tellurian during the 1st quarter worth $35,000. Advisor Group Inc. boosted its stake in Tellurian by 50.5% during the 4th quarter. Advisor Group Inc. now owns 4,900 shares of the oil and gas producer’s stock worth $36,000 after purchasing an additional 1,645 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in Tellurian during the 1st quarter worth $39,000. Finally, Harbour Capital Advisors LLC acquired a new stake in Tellurian during the 1st quarter worth $41,000. 14.31% of the stock is currently owned by institutional investors.

Shares of NASDAQ:TELL remained flat at $$1.13 during trading on Friday. 1,276,302 shares of the stock traded hands, compared to its average volume of 9,141,886. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $286.45 million, a P/E ratio of -1.54 and a beta of 2.88. The business’s 50-day simple moving average is $1.14 and its two-hundred day simple moving average is $3.54. Tellurian has a 52-week low of $0.67 and a 52-week high of $9.28.

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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Earnings History and Estimates for Tellurian (NASDAQ:TELL)

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