B. Riley Brokers Boost Earnings Estimates for Tellurian Inc. (NYSEAMERICAN:TELL)

Posted by Defense World Staff on May 6th, 2023

Tellurian Inc. (NYSEAMERICAN:TELL – Get Rating) – Research analysts at B. Riley raised their Q2 2023 earnings estimates for shares of Tellurian in a note issued to investors on Wednesday, May 3rd. B. Riley analyst L. Burke now expects that the oil and gas producer will post earnings per share of ($0.11) for the quarter, up from their prior estimate of ($0.15). B. Riley currently has a “Buy” rating and a $5.00 price target on the stock. The consensus estimate for Tellurian’s current full-year earnings is ($0.34) per share. B. Riley also issued estimates for Tellurian’s Q3 2023 earnings at ($0.09) EPS, Q4 2023 earnings at ($0.07) EPS, FY2023 earnings at ($0.31) EPS and FY2024 earnings at ($0.36) EPS.

Tellurian (NYSEAMERICAN:TELL – Get Rating) last released its quarterly earnings data on Wednesday, February 22nd. The oil and gas producer reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. Tellurian had a negative return on equity of 1.29% and a negative net margin of 3.61%. The company had revenue of $102.53 million for the quarter, compared to the consensus estimate of $98.17 million.

Several other equities analysts have also issued reports on TELL. Bank of America lowered Tellurian from a “buy” rating to an “underperform” rating and cut their target price for the company from $4.00 to $1.50 in a research note on Tuesday, February 14th. Stifel Nicolaus dropped their price target on Tellurian from $1.30 to $1.00 in a research note on Thursday. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Tellurian presently has a consensus rating of “Hold” and a consensus price target of $3.40.

Tellurian Stock Performance

TELL stock opened at $1.31 on Friday. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $737.28 million, a P/E ratio of -12.14 and a beta of 2.26. Tellurian has a 1-year low of $0.94 and a 1-year high of $5.10.

Institutional Investors Weigh In On Tellurian

Hedge funds have recently bought and sold shares of the stock. PDT Partners LLC purchased a new position in Tellurian during the 3rd quarter worth approximately $33,000. FourThought Financial Partners LLC purchased a new position in shares of Tellurian in the 4th quarter valued at approximately $87,000. Fort Washington Investment Advisors Inc. OH grew its stake in shares of Tellurian by 10.3% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 160,000 shares of the oil and gas producer’s stock valued at $269,000 after purchasing an additional 15,000 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Tellurian by 27.1% in the 3rd quarter. Private Advisor Group LLC now owns 60,498 shares of the oil and gas producer’s stock valued at $145,000 after purchasing an additional 12,917 shares during the last quarter. Finally, Columbia Advisory Partners LLC purchased a new position in shares of Tellurian in the 3rd quarter valued at approximately $27,000. Institutional investors and hedge funds own 39.42% of the company’s stock.

Insider Buying and Selling at Tellurian

In other news, Director Charif Souki sold 1,793,194 shares of the stock in a transaction on Wednesday, February 8th. The stock was sold at an average price of $1.92, for a total transaction of $3,442,932.48. Following the completion of the transaction, the director now directly owns 26,866,445 shares in the company, valued at approximately $51,583,574.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 16,167,552 shares of company stock worth $24,491,453 in the last three months. 10.90% of the stock is owned by corporate insiders.

Tellurian Company Profile

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Tellurian, Inc engages in the production of natural gas and investing in natural gas projects. It operates through the following segments: Upstream, Midstream, and Marketing and Trading. The Upstream segment produces, gathers, and delivers natural gas and acquires and develops natural gas assets. The Midstream segment includes development, construction, and operation of LNG terminals and pipelines.

Earnings History and Estimates for Tellurian (NYSEAMERICAN:TELL)

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