Tellurian Inc. (NASDAQ:TELL) Expected to Post Quarterly Sales of $30.11 Million

Brokerages predict that Tellurian Inc. (NASDAQ:TELL) will post $30.11 million in sales for the current quarter, Zacks reports. Five analysts have made estimates for Tellurian’s earnings. The lowest sales estimate is $13.50 million and the highest is $62.30 million. Tellurian posted sales of $8.62 million during the same quarter last year, which suggests a positive year over year growth rate of 249.3%. The company is expected to announce its next earnings report on Wednesday, February 23rd.

On average, analysts expect that Tellurian will report full year sales of $71.83 million for the current year, with estimates ranging from $44.70 million to $112.00 million. For the next financial year, analysts forecast that the firm will report sales of $488.38 million, with estimates ranging from $62.55 million to $2.03 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Tellurian.

Tellurian (NASDAQ:TELL) last announced its quarterly earnings results on Wednesday, November 3rd. The oil and gas producer reported ($0.04) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.04). Tellurian had a negative return on equity of 37.98% and a negative net margin of 146.03%. The firm had revenue of $15.64 million during the quarter, compared to analyst estimates of $30.21 million.

TELL has been the subject of several recent analyst reports. Morgan Stanley cut their price target on Tellurian from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Monday, August 23rd. Zacks Investment Research upgraded Tellurian from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 26th. Finally, Credit Suisse Group cut their price target on Tellurian from $6.00 to $5.50 and set a “neutral” rating for the company in a research note on Wednesday, August 11th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $5.83.

Shares of Tellurian stock remained flat at $$3.55 on Friday. The company had a trading volume of 5,072,159 shares, compared to its average volume of 13,650,885. Tellurian has a 1 year low of $1.20 and a 1 year high of $5.76. The firm’s 50-day moving average is $3.76 and its two-hundred day moving average is $3.62. The firm has a market cap of $1.70 billion, a P/E ratio of -17.75 and a beta of 2.43.

In other news, Director James Donald Bennett acquired 20,000 shares of the stock in a transaction that occurred on Wednesday, November 10th. The shares were bought at an average cost of $4.05 per share, for a total transaction of $81,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 15.80% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. boosted its holdings in shares of Tellurian by 8.2% during the 2nd quarter. Victory Capital Management Inc. now owns 46,905 shares of the oil and gas producer’s stock worth $218,000 after purchasing an additional 3,568 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of Tellurian by 6.9% during the 3rd quarter. Amalgamated Bank now owns 63,968 shares of the oil and gas producer’s stock worth $250,000 after purchasing an additional 4,109 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of Tellurian by 14.3% during the 3rd quarter. Private Advisor Group LLC now owns 33,523 shares of the oil and gas producer’s stock worth $131,000 after purchasing an additional 4,200 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Tellurian by 14.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 34,813 shares of the oil and gas producer’s stock worth $162,000 after purchasing an additional 4,334 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in shares of Tellurian by 4.9% during the 3rd quarter. Two Sigma Advisers LP now owns 93,500 shares of the oil and gas producer’s stock worth $366,000 after purchasing an additional 4,400 shares during the last quarter. Institutional investors and hedge funds own 29.07% of the company’s stock.

Tellurian Company Profile

Tellurian, Inc engages in producing natural gas and investing in natural gas projects. It develops a portfolio of natural gas production, LNG marketing, and infrastructure assets that includes an LNG terminal facility and an associated pipeline in southwest Louisiana. The company was founded by Charif Souki and Martin Houston in 1957 and is headquartered in Houston, TX.

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Earnings History and Estimates for Tellurian (NASDAQ:TELL)

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