Wall Street brokerages expect Tellurian Inc. (NASDAQ:TELL) to announce sales of $30.21 million for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Tellurian’s earnings. The highest sales estimate is $49.50 million and the lowest is $12.90 million. Tellurian posted sales of $14.27 million during the same quarter last year, which suggests a positive year over year growth rate of 111.7%. The company is scheduled to issue its next quarterly earnings results on Friday, November 5th.
On average, analysts expect that Tellurian will report full-year sales of $87.37 million for the current financial year, with estimates ranging from $25.44 million to $145.80 million. For the next fiscal year, analysts forecast that the business will report sales of $505.36 million, with estimates ranging from $22.31 million to $2.03 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Tellurian.
Tellurian (NASDAQ:TELL) last issued its quarterly earnings results on Tuesday, August 3rd. The oil and gas producer reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.03). The company had revenue of $25.35 million during the quarter, compared to analysts’ expectations of $21.69 million. Tellurian had a negative return on equity of 63.23% and a negative net margin of 173.31%.
Shares of TELL opened at $3.53 on Friday. The business’s 50-day moving average price is $3.20 and its 200 day moving average price is $3.14. The stock has a market capitalization of $1.52 billion, a P/E ratio of -13.58 and a beta of 2.72. Tellurian has a 1-year low of $0.68 and a 1-year high of $5.76.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC grew its stake in shares of Tellurian by 563.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 169,006 shares of the oil and gas producer’s stock valued at $786,000 after buying an additional 143,517 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its stake in shares of Tellurian by 14.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 34,813 shares of the oil and gas producer’s stock valued at $162,000 after buying an additional 4,334 shares in the last quarter. Metropolitan Life Insurance Co NY grew its stake in shares of Tellurian by 199,595.5% in the 2nd quarter. Metropolitan Life Insurance Co NY now owns 87,866 shares of the oil and gas producer’s stock valued at $409,000 after buying an additional 87,822 shares in the last quarter. Millennium Management LLC grew its stake in shares of Tellurian by 11,085.4% in the 2nd quarter. Millennium Management LLC now owns 5,861,157 shares of the oil and gas producer’s stock valued at $27,254,000 after buying an additional 5,808,757 shares in the last quarter. Finally, MetLife Investment Management LLC grew its stake in shares of Tellurian by 70.5% in the 2nd quarter. MetLife Investment Management LLC now owns 114,765 shares of the oil and gas producer’s stock valued at $534,000 after buying an additional 47,463 shares in the last quarter. 29.08% of the stock is owned by institutional investors and hedge funds.
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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