Wall Street brokerages expect that Tellurian Inc (NASDAQ:TELL) will report earnings of ($0.15) per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Tellurian’s earnings. The highest EPS estimate is ($0.12) and the lowest is ($0.18). Tellurian posted earnings per share of ($0.17) during the same quarter last year, which would suggest a positive year over year growth rate of 11.8%. The company is expected to issue its next quarterly earnings report on Thursday, March 21st.
According to Zacks, analysts expect that Tellurian will report full-year earnings of ($0.58) per share for the current fiscal year, with EPS estimates ranging from ($0.64) to ($0.54). For the next year, analysts expect that the firm will post earnings of ($0.59) per share, with EPS estimates ranging from ($0.90) to ($0.16). Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Tellurian.
Tellurian (NASDAQ:TELL) last posted its quarterly earnings data on Wednesday, November 7th. The oil and gas producer reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). Tellurian had a negative return on equity of 45.00% and a negative net margin of 930.79%. The company had revenue of $0.80 million for the quarter, compared to the consensus estimate of $0.83 million.
A number of analysts have recently issued reports on TELL shares. BidaskClub downgraded shares of Tellurian from a “hold” rating to a “sell” rating in a report on Thursday, November 15th. Zacks Investment Research downgraded shares of Tellurian from a “hold” rating to a “sell” rating in a research note on Wednesday, December 5th. Credit Suisse Group lowered their price target on shares of Tellurian from $15.00 to $12.00 and set an “outperform” rating for the company in a research note on Wednesday, November 14th. Wolfe Research assumed coverage on shares of Tellurian in a research note on Tuesday, November 13th. They issued a “market perform” rating for the company. Finally, Scotiabank assumed coverage on shares of Tellurian in a research note on Friday. They issued a “sector perform” rating for the company. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $11.95.
In other news, Director Don A. Turkleson acquired 83,897 shares of the firm’s stock in a transaction on Tuesday, December 11th. The shares were purchased at an average price of $6.75 per share, for a total transaction of $566,304.75. Following the completion of the transaction, the director now owns 126,121 shares of the company’s stock, valued at $851,316.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Charif Souki acquired 50,000 shares of the firm’s stock in a transaction on Tuesday, November 20th. The stock was purchased at an average price of $7.29 per share, for a total transaction of $364,500.00. Following the transaction, the director now directly owns 28,548,728 shares of the company’s stock, valued at approximately $208,120,227.12. The disclosure for this purchase can be found here. Insiders acquired 210,000 shares of company stock valued at $1,454,400 over the last three months. 44.80% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased its position in shares of Tellurian by 280.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,800 shares of the oil and gas producer’s stock valued at $27,000 after acquiring an additional 2,800 shares during the period. GWM Advisors LLC purchased a new position in shares of Tellurian in the fourth quarter valued at about $79,000. Gradient Investments LLC purchased a new position in shares of Tellurian in the third quarter valued at about $103,000. Fox Run Management L.L.C. purchased a new position in shares of Tellurian in the fourth quarter valued at about $123,000. Finally, LPL Financial LLC increased its position in shares of Tellurian by 148.7% in the fourth quarter. LPL Financial LLC now owns 31,528 shares of the oil and gas producer’s stock valued at $219,000 after acquiring an additional 18,850 shares during the period. Hedge funds and other institutional investors own 19.14% of the company’s stock.
Shares of NASDAQ TELL traded down $0.15 during mid-day trading on Friday, reaching $9.50. 1,853,381 shares of the company were exchanged, compared to its average volume of 1,967,941. Tellurian has a 52 week low of $5.90 and a 52 week high of $12.45. The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.61 and a current ratio of 4.61. The company has a market capitalization of $2.32 billion, a P/E ratio of -11.59 and a beta of 2.01.
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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