Equities analysts predict that Tellurian Inc (NASDAQ:TELL) will announce earnings per share of ($0.11) for the current quarter, according to Zacks. Two analysts have issued estimates for Tellurian’s earnings, with the lowest EPS estimate coming in at ($0.12) and the highest estimate coming in at ($0.10). Tellurian reported earnings of ($0.17) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 35.3%. The firm is expected to report its next earnings results on Monday, January 1st.
On average, analysts expect that Tellurian will report full-year earnings of ($0.44) per share for the current fiscal year, with EPS estimates ranging from ($0.46) to ($0.43). For the next fiscal year, analysts expect that the firm will report earnings of ($0.36) per share, with EPS estimates ranging from ($0.51) to ($0.05). Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Tellurian.
Get Tellurian alerts:Tellurian (NASDAQ:TELL) last posted its quarterly earnings data on Wednesday, May 9th. The oil and gas producer reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.01). The company had revenue of $6.80 million during the quarter, compared to analysts’ expectations of $0.03 million.
TELL has been the subject of a number of recent research reports. BidaskClub upgraded Tellurian from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 18th. Zacks Investment Research cut Tellurian from a “buy” rating to a “hold” rating in a research report on Saturday, May 12th. Wells Fargo & Co initiated coverage on Tellurian in a research report on Tuesday, April 17th. They set a “market perform” rating and a $7.50 price objective for the company. Finally, Stifel Nicolaus dropped their price objective on Tellurian from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, March 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $11.65.
Tellurian traded down $0.15, reaching $8.46, during midday trading on Wednesday, MarketBeat Ratings reports. 1,023,600 shares of the company were exchanged, compared to its average volume of 1,233,112. The stock has a market cap of $2.07 billion, a PE ratio of -10.56 and a beta of 1.54. Tellurian has a 1 year low of $6.45 and a 1 year high of $13.74.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Swiss National Bank grew its holdings in Tellurian by 8.0% in the 4th quarter. Swiss National Bank now owns 107,800 shares of the oil and gas producer’s stock valued at $1,050,000 after buying an additional 8,000 shares during the period. Geode Capital Management LLC grew its holdings in Tellurian by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 626,231 shares of the oil and gas producer’s stock valued at $6,099,000 after buying an additional 10,116 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Tellurian by 3.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 300,958 shares of the oil and gas producer’s stock valued at $2,932,000 after buying an additional 11,390 shares during the period. UBS Group AG grew its holdings in Tellurian by 85.8% in the 1st quarter. UBS Group AG now owns 40,062 shares of the oil and gas producer’s stock valued at $289,000 after buying an additional 18,500 shares during the period. Finally, BB&T Securities LLC purchased a new stake in Tellurian in the 4th quarter valued at about $184,000. Institutional investors own 12.51% of the company’s stock.
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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