Analysts predict that Tellurian Inc (NASDAQ:TELL) will report $22.02 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Tellurian’s earnings, with the lowest sales estimate coming in at $4.90 million and the highest estimate coming in at $35.17 million. Tellurian reported sales of $1.87 million in the same quarter last year, which would suggest a positive year over year growth rate of 1,077.5%. The company is scheduled to report its next quarterly earnings results on Wednesday, February 26th.

According to Zacks, analysts expect that Tellurian will report full year sales of $39.69 million for the current fiscal year, with estimates ranging from $19.40 million to $71.95 million. For the next financial year, analysts forecast that the firm will post sales of $187.19 million, with estimates ranging from $81.00 million to $266.40 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Tellurian.

Tellurian (NASDAQ:TELL) last issued its quarterly earnings data on Wednesday, November 6th. The oil and gas producer reported ($0.18) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.05). Tellurian had a negative return on equity of 57.16% and a negative net margin of 677.62%. The company had revenue of $9.34 million for the quarter, compared to analyst estimates of $13.60 million.

A number of analysts have recently issued reports on the company. Raymond James dropped their target price on Tellurian from $13.00 to $12.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 27th. Evercore ISI assumed coverage on Tellurian in a research report on Tuesday, September 17th. They set an “outperform” rating and a $14.00 target price on the stock. ValuEngine lowered Tellurian from a “buy” rating to a “hold” rating in a research report on Wednesday. BidaskClub lowered Tellurian from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Bank of America lowered Tellurian from a “buy” rating to a “neutral” rating in a research report on Friday, August 23rd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $12.33.

Shares of NASDAQ TELL traded down $0.22 during midday trading on Tuesday, reaching $7.75. 875,600 shares of the company’s stock were exchanged, compared to its average volume of 1,742,667. Tellurian has a 52-week low of $5.12 and a 52-week high of $11.80. The stock has a market capitalization of $1.79 billion, a PE ratio of -13.60 and a beta of 1.82. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.96 and a current ratio of 0.96. The business’s fifty day moving average price is $8.00 and its two-hundred day moving average price is $7.70.

Several large investors have recently bought and sold shares of TELL. Regal Wealth Group Inc. bought a new position in shares of Tellurian during the second quarter valued at approximately $32,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Tellurian by 54.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,644 shares of the oil and gas producer’s stock valued at $47,000 after purchasing an additional 1,986 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Tellurian by 599.2% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,747 shares of the oil and gas producer’s stock valued at $69,000 after purchasing an additional 7,496 shares during the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Tellurian by 11,423.7% during the second quarter. Cubist Systematic Strategies LLC now owns 11,178 shares of the oil and gas producer’s stock valued at $88,000 after purchasing an additional 11,081 shares during the last quarter. Finally, Tranquility Partners LLC acquired a new position in shares of Tellurian during the second quarter worth approximately $92,000. 21.56% of the stock is owned by institutional investors.

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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Earnings History and Estimates for Tellurian (NASDAQ:TELL)

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