Tellurian Inc. Forecasted to Post Q1 2024 Earnings of ($0.07) Per Share (NYSEAMERICAN:TELL)

Tellurian Inc. (NYSEAMERICAN:TELL - Free Report) - Equities research analysts at Roth Capital issued their Q1 2024 earnings per share (EPS) estimates for Tellurian in a report issued on Thursday, March 7th. Roth Capital analyst J. White forecasts that the oil and gas producer will post earnings per share of ($0.07) for the quarter. The consensus estimate for Tellurian's current full-year earnings is ($0.21) per share. Roth Capital also issued estimates for Tellurian's Q2 2024 earnings at ($0.07) EPS, Q3 2024 earnings at ($0.07) EPS and Q4 2024 earnings at ($0.06) EPS.

Separately, Morgan Stanley decreased their price target on shares of Tellurian from $2.50 to $1.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 13th.

Tellurian Trading Up 6.5 %

Shares of TELL stock opened at $0.87 on Monday. The stock has a market capitalization of $549.14 million, a PE ratio of -2.98 and a beta of 2.36. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.77. The stock has a 50 day moving average of $0.91. Tellurian has a 12-month low of $0.36 and a 12-month high of $1.76.

Tellurian (NYSEAMERICAN:TELL - Get Free Report) last released its quarterly earnings data on Friday, February 23rd. The oil and gas producer reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.03. Tellurian had a negative return on equity of 22.05% and a negative net margin of 100.03%. The company had revenue of $39.96 million for the quarter, compared to analysts' expectations of $55.22 million.

Institutional Investors Weigh In On Tellurian

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TELL. Bank of New York Mellon Corp boosted its stake in shares of Tellurian by 8.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,864,314 shares of the oil and gas producer's stock worth $2,629,000 after purchasing an additional 150,846 shares during the period. SG Americas Securities LLC grew its stake in shares of Tellurian by 576.8% during the third quarter. SG Americas Securities LLC now owns 232,967 shares of the oil and gas producer's stock valued at $270,000 after buying an additional 198,546 shares during the last quarter. Kestra Private Wealth Services LLC grew its stake in shares of Tellurian by 70.8% during the third quarter. Kestra Private Wealth Services LLC now owns 41,000 shares of the oil and gas producer's stock valued at $48,000 after buying an additional 17,000 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Tellurian by 12.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,362,138 shares of the oil and gas producer's stock worth $5,060,000 after buying an additional 495,864 shares during the period. Finally, Foundations Investment Advisors LLC bought a new stake in shares of Tellurian during the 3rd quarter worth approximately $30,000. 32.62% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Jonathan S. Gross acquired 120,000 shares of Tellurian stock in a transaction on Friday, December 15th. The shares were acquired at an average price of $0.67 per share, with a total value of $80,400.00. Following the purchase, the director now directly owns 460,000 shares in the company, valued at approximately $308,200. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 6.20% of the company's stock.

Tellurian Company Profile

Tellurian Inc engages in the natural gas business 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. It owns interests in 27,689 net acres of natural gas assets and 143 producing wells located in the Haynesville Shale trend of northern Louisiana.

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