Tellurian Inc (TELL) Expected to Post Earnings of -$0.15 Per Share
Equities analysts forecast that Tellurian Inc (NASDAQ:TELL) will post earnings per share of ($0.15) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Tellurian’s earnings, with the highest EPS estimate coming in at ($0.12) and the lowest estimate coming in at ($0.19). Tellurian posted earnings of ($0.17) per share in the same quarter last year, which indicates a positive year over year growth rate of 11.8%. The firm is scheduled to issue its next quarterly earnings results on Thursday, March 21st.
According to Zacks, analysts expect that Tellurian will report full-year earnings of ($0.58) per share for the current fiscal year, with EPS estimates ranging from ($0.66) to ($0.54). For the next year, analysts forecast that the business will report earnings of ($0.59) per share, with EPS estimates ranging from ($0.90) to ($0.16). Zacks Investment Research’s earnings per share averages 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 7th. The oil and gas producer reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.01). Tellurian had a negative return on equity of 45.00% and a negative net margin of 930.79%. The business had revenue of $0.80 million for the quarter, compared to analysts’ expectations of $0.83 million.
Tellurian stock traded down $0.13 during midday trading on Friday, hitting $6.80. 1,464,849 shares of the company’s stock were exchanged, compared to its average volume of 1,528,697. Tellurian has a 12-month low of $6.32 and a 12-month high of $12.45. The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.61 and a current ratio of 4.61. The company has a market capitalization of $1.64 billion, a P/E ratio of -8.29 and a beta of 1.78.
In other news, Director Charif Souki bought 50,000 shares of the stock in a transaction dated Tuesday, November 20th. The shares were acquired at an average price of $7.29 per share, with a total value of $364,500.00. Following the completion of the acquisition, the director now directly owns 28,548,728 shares in the company, valued at $208,120,227.12. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 44.80% of the company’s stock.
Several large investors have recently modified their holdings of TELL. Laurion Capital Management LP purchased a new stake in shares of Tellurian in the second quarter valued at about $8,326,000. BlackRock Inc. boosted its holdings in shares of Tellurian by 14.2% in the third quarter. BlackRock Inc. now owns 5,871,459 shares of the oil and gas producer’s stock valued at $52,666,000 after acquiring an additional 730,061 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Tellurian by 1,283.1% in the second quarter. Point72 Asset Management L.P. now owns 770,400 shares of the oil and gas producer’s stock valued at $6,410,000 after acquiring an additional 714,700 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Tellurian by 75.4% in the second quarter. Millennium Management LLC now owns 1,005,013 shares of the oil and gas producer’s stock valued at $8,362,000 after acquiring an additional 431,875 shares in the last quarter. Finally, Luminus Management LLC purchased a new stake in shares of Tellurian in the second quarter valued at about $3,536,000. 19.07% of the stock is currently owned by institutional investors and hedge funds.
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) trading, and infrastructure that includes an approximately 27.6 million tons per annum LNG export facility and an associated pipeline.
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