Zacks: Brokerages Expect Tellurian Inc (TELL) to Announce -$0.15 Earnings Per Share

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Equities analysts predict that Tellurian Inc (NASDAQ:TELL) will post earnings of ($0.15) per share for the current quarter, according to Zacks. Three analysts have made estimates for Tellurian’s earnings. The highest EPS estimate is ($0.12) and the lowest is ($0.17). Tellurian reported earnings of ($0.12) per share in the same quarter last year, which indicates a negative year over year growth rate of 25%. The business is expected to announce its next quarterly earnings report on Thursday, November 8th.

On average, analysts expect that Tellurian will report full year earnings of ($0.59) per share for the current financial year, with EPS estimates ranging from ($0.66) to ($0.54). For the next fiscal year, analysts anticipate that the business will post earnings of ($0.50) per share, with EPS estimates ranging from ($0.90) to ($0.09). Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Tellurian.

Tellurian (NASDAQ:TELL) last issued its quarterly earnings data on Wednesday, August 8th. The oil and gas producer reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). The company had revenue of $0.81 million during the quarter, compared to analysts’ expectations of $5.45 million.

A number of equities research analysts recently weighed in on TELL shares. BidaskClub cut Tellurian from a “hold” rating to a “sell” rating in a research note on Saturday, June 30th. Zacks Investment Research upgraded Tellurian from a “sell” rating to a “hold” rating in a research note on Tuesday, July 10th. Stifel Nicolaus reaffirmed a “buy” rating and set a $14.00 target price (down from $15.00) on shares of Tellurian in a research report on Thursday, August 9th. Finally, Robert W. Baird initiated coverage on Tellurian in a research report on Tuesday, August 14th. They set an “outperform” rating and a $15.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Tellurian currently has a consensus rating of “Hold” and an average price target of $12.79.

Shares of NASDAQ TELL traded down $0.09 during mid-day trading on Monday, reaching $8.85. 998,716 shares of the company were exchanged, compared to its average volume of 1,202,012. Tellurian has a 1 year low of $6.45 and a 1 year high of $13.74.

A number of large investors have recently made changes to their positions in the stock. Mizuho Securities USA LLC acquired a new position in Tellurian during the 3rd quarter valued at about $227,000. Gradient Investments LLC acquired a new position in Tellurian during the 3rd quarter valued at about $103,000. SL Advisors LLC acquired a new position in Tellurian during the 3rd quarter valued at about $402,000. Hennessy Advisors Inc. increased its position in Tellurian by 8.1% during the 3rd quarter. Hennessy Advisors Inc. now owns 1,000,690 shares of the oil and gas producer’s stock valued at $8,976,000 after buying an additional 75,000 shares in the last quarter. Finally, Northern Trust Corp increased its position in Tellurian by 39.4% during the 2nd quarter. Northern Trust Corp now owns 971,078 shares of the oil and gas producer’s stock valued at $8,080,000 after buying an additional 274,634 shares in the last quarter. 17.28% 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) trading, and infrastructure that includes an approximately 27.6 million tons per annum LNG export facility and an associated pipeline.

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