Equities research analysts forecast that Tellurian Inc (NASDAQ:TELL) will post ($0.06) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Tellurian's earnings. The lowest EPS estimate is ($0.11) and the highest is ($0.01). Tellurian posted earnings of ($0.18) per share in the same quarter last year, which indicates a positive year over year growth rate of 66.7%. The firm is scheduled to report its next quarterly earnings report on Wednesday, November 4th.
On average, analysts expect that Tellurian will report full-year earnings of ($0.40) per share for the current financial year, with EPS estimates ranging from ($0.55) to ($0.25). For the next year, analysts anticipate that the company will report earnings of ($0.29) per share, with EPS estimates ranging from ($0.57) to ($0.06). Zacks' earnings per share calculations are a mean average based on a survey of analysts that cover Tellurian.
Tellurian (NASDAQ:TELL) last announced its quarterly earnings results on Wednesday, August 5th. The oil and gas producer reported ($0.17) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.08) by ($0.09). The firm had revenue of $6.33 million for the quarter, compared to analysts' expectations of $6.87 million. Tellurian had a negative return on equity of 106.47% and a negative net margin of 747.05%.
TELL has been the subject of several research reports. BidaskClub upgraded Tellurian from a "sell" rating to a "hold" rating in a research report on Tuesday, October 13th. Zacks Investment Research upgraded Tellurian from a "sell" rating to a "hold" rating in a research report on Thursday, July 30th. Finally, Morgan Stanley restated a "sell" rating on shares of Tellurian in a research report on Sunday, July 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company's stock. Tellurian has an average rating of "Hold" and a consensus price target of $2.75.
Shares of NASDAQ:TELL traded down $0.04 during trading on Friday, hitting $0.86. 4,401,860 shares of the stock were exchanged, compared to its average volume of 4,972,000. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.40. Tellurian has a 12-month low of $0.67 and a 12-month high of $8.69. The company has a market cap of $275.73 million, a PE ratio of -0.81 and a beta of 2.49. The company has a fifty day moving average price of $0.83 and a two-hundred day moving average price of $1.07.
In other Tellurian news, major shareholder Total Delaware, Inc. sold 84,511 shares of the business's stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $0.99, for a total value of $83,665.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 27.00% of the company's stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its stake in shares of Tellurian by 10.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 127,858 shares of the oil and gas producer's stock valued at $147,000 after purchasing an additional 11,970 shares in the last quarter. GWM Advisors LLC lifted its stake in shares of Tellurian by 21.1% in the 2nd quarter. GWM Advisors LLC now owns 70,755 shares of the oil and gas producer's stock valued at $81,000 after purchasing an additional 12,325 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of Tellurian by 35.7% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 57,335 shares of the oil and gas producer's stock valued at $66,000 after purchasing an additional 15,093 shares in the last quarter. UBS Group AG lifted its stake in shares of Tellurian by 59.9% in the 2nd quarter. UBS Group AG now owns 83,950 shares of the oil and gas producer's stock valued at $96,000 after purchasing an additional 31,446 shares in the last quarter. Finally, Harbour Capital Advisors LLC lifted its position in Tellurian by 69.1% during the 2nd quarter. Harbour Capital Advisors LLC now owns 77,628 shares of the oil and gas producer's stock worth $89,000 after acquiring an additional 31,728 shares in the last quarter. 12.24% of the stock is currently owned by institutional investors and hedge funds.
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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