Tellurian Inc. (NASDAQ:TELL) Expected to Announce Quarterly Sales of $30.21 Million

Wall Street analysts expect Tellurian Inc. (NASDAQ:TELL) to post sales of $30.21 million for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Tellurian’s earnings, with the lowest sales estimate coming in at $12.90 million and the highest estimate coming in at $49.50 million. Tellurian posted sales of $14.27 million during the same quarter last year, which suggests a positive year over year growth rate of 111.7%. The business is scheduled to issue its next earnings report on Friday, November 5th.

On average, analysts expect that Tellurian will report full-year sales of $87.37 million for the current financial year, with estimates ranging from $25.44 million to $145.80 million. For the next fiscal year, analysts anticipate that the firm will post sales of $505.36 million, with estimates ranging from $22.31 million to $2.03 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Tellurian.

Tellurian (NASDAQ:TELL) last released its quarterly earnings results on Tuesday, August 3rd. The oil and gas producer reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). Tellurian had a negative return on equity of 63.23% and a negative net margin of 173.31%. The company had revenue of $25.35 million for the quarter, compared to the consensus estimate of $21.69 million.

TELL has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price target on shares of Tellurian from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Monday, August 23rd. Evercore ISI upgraded shares of Tellurian from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $3.00 to $7.00 in a research report on Tuesday, June 8th. Zacks Investment Research raised shares of Tellurian from a “sell” rating to a “hold” rating in a research note on Tuesday, August 10th. Scotiabank lifted their price objective on shares of Tellurian from $3.00 to $5.50 and gave the stock a “sector perform” rating in a research note on Tuesday, June 1st. Finally, Credit Suisse Group lowered their price objective on shares of Tellurian from $6.00 to $5.50 and set a “neutral” rating on the stock in a research note on Wednesday, August 11th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Tellurian presently has a consensus rating of “Buy” and a consensus target price of $5.83.

Shares of TELL stock traded up $0.29 during midday trading on Friday, reaching $3.98. 463,051 shares of the company were exchanged, compared to its average volume of 13,976,603. Tellurian has a 12 month low of $0.68 and a 12 month high of $5.76. The company has a market cap of $1.71 billion, a P/E ratio of -15.15 and a beta of 2.72. The company’s 50 day moving average price is $3.20 and its two-hundred day moving average price is $3.16.

Several institutional investors have recently added to or reduced their stakes in TELL. CIBC Asset Management Inc purchased a new position in shares of Tellurian in the first quarter worth approximately $30,000. Principal Financial Group Inc. increased its position in shares of Tellurian by 55.1% in the first quarter. Principal Financial Group Inc. now owns 16,363 shares of the oil and gas producer’s stock worth $38,000 after acquiring an additional 5,815 shares in the last quarter. KLCM Advisors Inc. purchased a new position in shares of Tellurian in the second quarter worth approximately $46,000. Platform Technology Partners acquired a new stake in shares of Tellurian during the second quarter worth approximately $49,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Tellurian during the second quarter worth approximately $50,000. 29.08% of the stock is currently owned by institutional investors and hedge funds.

About Tellurian

Tellurian, Inc engages in producing natural gas and investing in natural gas projects. It develops a portfolio of natural gas production, LNG marketing, and infrastructure assets that includes an LNG terminal facility and an associated pipeline in southwest Louisiana. The company was founded by Charif Souki and Martin Houston in 1957 and is headquartered in Houston, TX.

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Earnings History and Estimates for Tellurian (NASDAQ:TELL)

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