-$0.13 EPS Expected for Tellurian Inc (NASDAQ:TELL) This Quarter

Wall Street brokerages expect that Tellurian Inc (NASDAQ:TELL) will post earnings per share (EPS) of ($0.13) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Tellurian’s earnings, with estimates ranging from ($0.16) to ($0.04). Tellurian posted earnings of ($0.17) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 23.5%. The business is expected to issue its next quarterly earnings results on Wednesday, August 14th.

According to Zacks, analysts expect that Tellurian will report full year earnings of ($0.54) per share for the current fiscal year, with EPS estimates ranging from ($0.81) to ($0.15). For the next year, analysts anticipate that the business will report earnings of ($0.54) per share, with EPS estimates ranging from ($0.96) to ($0.19). Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Tellurian.

Tellurian (NASDAQ:TELL) last posted its earnings results on Wednesday, May 8th. The oil and gas producer reported ($0.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.04). Tellurian had a negative net margin of 1,595.25% and a negative return on equity of 43.26%. The company had revenue of $4.96 million during the quarter, compared to the consensus estimate of $8.88 million.

A number of research firms have recently weighed in on TELL. BidaskClub lowered Tellurian from a “hold” rating to a “sell” rating in a report on Tuesday, June 11th. Gabelli began coverage on Tellurian in a report on Monday, May 13th. They issued a “buy” rating on the stock. Zacks Investment Research upgraded Tellurian from a “sell” rating to a “hold” rating in a report on Friday, April 5th. Finally, BTIG Research began coverage on Tellurian in a report on Monday, March 11th. They issued a “buy” rating and a $20.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $14.21.

TELL stock opened at $7.85 on Wednesday. Tellurian has a twelve month low of $5.90 and a twelve month high of $11.80. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average of $8.14. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of -13.77 and a beta of 1.99.

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in Tellurian by 2.3% during the fourth quarter. BlackRock Inc. now owns 6,005,813 shares of the oil and gas producer’s stock worth $41,741,000 after acquiring an additional 134,354 shares during the period. Electron Capital Partners LLC lifted its holdings in Tellurian by 58.7% during the first quarter. Electron Capital Partners LLC now owns 3,069,483 shares of the oil and gas producer’s stock worth $34,378,000 after acquiring an additional 1,135,798 shares during the period. Geode Capital Management LLC lifted its holdings in Tellurian by 7.2% during the fourth quarter. Geode Capital Management LLC now owns 1,123,881 shares of the oil and gas producer’s stock worth $7,810,000 after acquiring an additional 75,120 shares during the period. Salient Capital Advisors LLC lifted its holdings in Tellurian by 100.0% during the first quarter. Salient Capital Advisors LLC now owns 753,526 shares of the oil and gas producer’s stock worth $8,439,000 after acquiring an additional 376,699 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its holdings in Tellurian by 1,023.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 692,741 shares of the oil and gas producer’s stock worth $4,814,000 after acquiring an additional 631,100 shares during the period. Institutional investors and hedge funds own 21.33% 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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