Wall Street analysts forecast that Tellurian Inc (NASDAQ:TELL) will announce earnings of ($0.15) per share for the current quarter, according to Zacks. Three analysts have issued estimates for Tellurian’s earnings. The highest EPS estimate is ($0.12) and the lowest is ($0.18). Tellurian reported earnings of ($0.17) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 11.8%. The firm is scheduled to report its next quarterly earnings results on Thursday, March 21st.

On average, analysts expect that Tellurian will report full year earnings of ($0.58) per share for the current year, with EPS estimates ranging from ($0.64) to ($0.54). For the next financial year, analysts expect that the business will post earnings of ($0.59) per share, with EPS estimates ranging from ($0.90) to ($0.16). Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Tellurian.

Several analysts have recently commented on TELL shares. BidaskClub cut shares of Tellurian from a “hold” rating to a “sell” rating in a research note on Thursday, November 15th. Zacks Investment Research cut shares of Tellurian from a “hold” rating to a “sell” rating in a research note on Wednesday, December 5th. Credit Suisse Group reduced their target price on shares of Tellurian from $15.00 to $12.00 and set an “outperform” rating for the company in a research note on Wednesday, November 14th. Wolfe Research started coverage on shares of Tellurian in a research note on Tuesday, November 13th. They issued a “market perform” rating for the company. Finally, Scotiabank started coverage on shares of Tellurian in a research note on Friday. They issued a “sector perform” rating for the company. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $11.95.

In related news, Director Charif Souki acquired 30,000 shares of Tellurian stock in a transaction that occurred on Thursday, November 15th. The stock was purchased at an average price of $7.08 per share, for a total transaction of $212,400.00. Following the completion of the purchase, the director now directly owns 28,518,728 shares of the company’s stock, valued at $201,912,594.24. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Don A. Turkleson acquired 42,320 shares of Tellurian stock in a transaction that occurred on Monday, December 17th. The stock was bought at an average price of $6.75 per share, with a total value of $285,660.00. Following the purchase, the director now directly owns 172,224 shares of the company’s stock, valued at $1,162,512. The disclosure for this purchase can be found here. Insiders bought a total of 210,000 shares of company stock valued at $1,454,400 in the last 90 days. Company insiders own 44.80% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in TELL. BlackRock Inc. lifted its stake in shares of Tellurian by 13.3% in the second quarter. BlackRock Inc. now owns 5,141,398 shares of the oil and gas producer’s stock valued at $42,777,000 after purchasing an additional 603,397 shares during the period. California Public Employees Retirement System lifted its stake in shares of Tellurian by 27.1% in the second quarter. California Public Employees Retirement System now owns 41,083 shares of the oil and gas producer’s stock valued at $342,000 after purchasing an additional 8,758 shares during the period. Northern Trust Corp lifted its stake in shares of Tellurian by 39.4% in the second quarter. Northern Trust Corp now owns 971,078 shares of the oil and gas producer’s stock valued at $8,080,000 after purchasing an additional 274,634 shares during the period. Gradient Investments LLC acquired a new stake in shares of Tellurian in the third quarter valued at about $103,000. Finally, Mizuho Securities USA LLC acquired a new stake in shares of Tellurian in the third quarter valued at about $227,000. Hedge funds and other institutional investors own 19.16% of the company’s stock.

Shares of NASDAQ:TELL opened at $9.41 on Friday. The firm has a market cap of $2.26 billion, a P/E ratio of -11.48 and a beta of 2.01. The company has a quick ratio of 4.61, a current ratio of 4.61 and a debt-to-equity ratio of 0.17. Tellurian has a 1-year low of $5.90 and a 1-year high of $12.45.

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) trading, and infrastructure that includes an approximately 27.6 million tons per annum LNG export facility and an associated pipeline.

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