-$0.03 Earnings Per Share Expected for Tellurian Inc. (NASDAQ:TELL) This Quarter

Brokerages predict that Tellurian Inc. (NASDAQ:TELL) will post earnings of ($0.03) per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Tellurian’s earnings, with the lowest EPS estimate coming in at ($0.06) and the highest estimate coming in at $0.00. The firm is scheduled to announce its next quarterly earnings report on Wednesday, February 23rd.

According to Zacks, analysts expect that Tellurian will report full-year earnings of ($0.23) per share for the current financial year, with EPS estimates ranging from ($0.36) to ($0.11). For the next fiscal year, analysts anticipate that the business will report earnings of ($0.18) per share, with EPS estimates ranging from ($0.69) to $0.11. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Tellurian.

Tellurian (NASDAQ:TELL) last issued its quarterly earnings results on Wednesday, November 3rd. The oil and gas producer reported ($0.04) EPS for the quarter, hitting analysts’ consensus estimates of ($0.04). The business had revenue of $15.64 million during the quarter, compared to analysts’ expectations of $30.21 million. Tellurian had a negative return on equity of 37.98% and a negative net margin of 146.03%.

TELL has been the subject of a number of analyst reports. Morgan Stanley reduced their price target on Tellurian from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Monday, August 23rd. Zacks Investment Research raised Tellurian from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 26th. Finally, Credit Suisse Group dropped their price objective on Tellurian from $6.00 to $5.50 and set a “neutral” rating for the company in a research note on Wednesday, August 11th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $5.83.

TELL remained flat at $$3.55 during midday trading on Thursday. The company’s stock had a trading volume of 5,072,159 shares, compared to its average volume of 13,650,885. The company’s 50-day moving average price is $3.76 and its 200-day moving average price is $3.62. The firm has a market capitalization of $1.70 billion, a P/E ratio of -17.75 and a beta of 2.43. Tellurian has a fifty-two week low of $1.20 and a fifty-two week high of $5.76.

In other news, Director James Donald Bennett purchased 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 10th. The stock was bought at an average cost of $4.05 per share, with a total value of $81,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 15.80% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in TELL. BlackRock Inc. boosted its stake in Tellurian by 51.3% during the second quarter. BlackRock Inc. now owns 20,471,884 shares of the oil and gas producer’s stock valued at $95,196,000 after buying an additional 6,941,531 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Tellurian by 11,085.4% in the 2nd quarter. Millennium Management LLC now owns 5,861,157 shares of the oil and gas producer’s stock valued at $27,254,000 after purchasing an additional 5,808,757 shares during the last quarter. Hood River Capital Management LLC bought a new stake in shares of Tellurian in the 3rd quarter valued at approximately $21,710,000. Melqart Asset Management UK Ltd bought a new stake in shares of Tellurian in the 1st quarter valued at approximately $9,805,000. Finally, Renaissance Technologies LLC lifted its stake in shares of Tellurian by 105.3% in the 2nd quarter. Renaissance Technologies LLC now owns 7,272,200 shares of the oil and gas producer’s stock valued at $33,816,000 after purchasing an additional 3,730,100 shares during the last quarter. 29.07% of the stock is owned by institutional investors.

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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