Brokerages Anticipate Tellurian Inc (TELL) Will Announce Earnings of -$0.11 Per Share

Analysts forecast that Tellurian Inc (NASDAQ:TELL) will announce earnings per share (EPS) of ($0.11) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Tellurian’s earnings, with estimates ranging from ($0.15) to ($0.03). Tellurian posted earnings of ($0.12) per share during the same quarter last year, which suggests a positive year over year growth rate of 8.3%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, May 8th.

According to Zacks, analysts expect that Tellurian will report full year earnings of ($0.56) per share for the current financial year, with EPS estimates ranging from ($0.90) to ($0.16). For the next financial year, analysts forecast that the firm will post earnings of ($0.48) per share, with EPS estimates ranging from ($0.96) to ($0.09). Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Tellurian.

TELL has been the subject of a number of analyst reports. Zacks Investment Research lowered Tellurian from a “hold” rating to a “sell” rating in a research report on Thursday, February 21st. Scotiabank initiated coverage on Tellurian in a research note on Friday, February 8th. They set a “sector perform” rating on the stock. BTIG Research initiated coverage on Tellurian in a research note on Monday, March 11th. They set a “buy” rating and a $20.00 target price on the stock. Credit Suisse Group increased their target price on Tellurian from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Thursday, February 28th. Finally, BidaskClub upgraded Tellurian from a “hold” rating to a “buy” rating in a research note on Wednesday, January 9th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Tellurian presently has a consensus rating of “Buy” and a consensus target price of $13.25.

TELL stock traded up $0.04 on Wednesday, reaching $11.20. 1,258,094 shares of the company traded hands, compared to its average volume of 1,617,237. Tellurian has a one year low of $5.90 and a one year high of $12.45. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.19. The firm has a market cap of $2.68 billion, a PE ratio of -19.65 and a beta of 1.92.

A number of institutional investors and hedge funds have recently modified their holdings of TELL. BlackRock Inc. boosted its stake in Tellurian by 14.2% during the 3rd quarter. BlackRock Inc. now owns 5,871,459 shares of the oil and gas producer’s stock valued at $52,666,000 after purchasing an additional 730,061 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in Tellurian by 1,023.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 692,741 shares of the oil and gas producer’s stock valued at $4,814,000 after purchasing an additional 631,100 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Tellurian during the 4th quarter valued at $2,972,000. Vanguard Group Inc boosted its stake in Tellurian by 4.3% during the 3rd quarter. Vanguard Group Inc now owns 8,433,168 shares of the oil and gas producer’s stock valued at $75,645,000 after purchasing an additional 346,785 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Tellurian by 4.3% during the 3rd quarter. Vanguard Group Inc. now owns 8,433,168 shares of the oil and gas producer’s stock valued at $75,645,000 after purchasing an additional 346,785 shares during the last quarter. Institutional investors and hedge funds own 21.47% 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) marketing, and infrastructure assets that includes an approximately 27.6 million tons per annum LNG export facility and an associated pipeline in southwest Louisiana.

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