B. Riley Equities Analysts Raise Earnings Estimates for Tellurian Inc. (NYSEAMERICAN:TELL)

Tellurian Inc. (NYSEAMERICAN:TELL) – Analysts at B. Riley lifted their Q2 2024 earnings per share estimates for Tellurian in a report issued on Thursday, May 2nd. B. Riley analyst L. Burke now forecasts that the oil and gas producer will earn ($0.04) per share for the quarter, up from their previous forecast of ($0.06). The consensus estimate for Tellurian’s current full-year earnings is ($0.20) per share. B. Riley also issued estimates for Tellurian’s Q3 2024 earnings at ($0.05) EPS, Q4 2024 earnings at ($0.04) EPS, FY2024 earnings at ($0.19) EPS and FY2025 earnings at ($0.20) EPS.

Separately, Morgan Stanley dropped their price objective on Tellurian from $2.50 to $1.00 and set an “equal weight” rating for the company in a report on Tuesday, February 13th.

Tellurian Price Performance

TELL opened at $0.43 on Monday. The business’s 50 day simple moving average is $0.74. The company has a market capitalization of $361.25 million, a P/E ratio of -1.44 and a beta of 2.44. Tellurian has a fifty-two week low of $0.36 and a fifty-two week high of $1.76. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.66 and a current ratio of 0.66.

Tellurian (NYSEAMERICAN:TELL) last announced its quarterly earnings data on Thursday, May 2nd. The oil and gas producer reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The firm had revenue of $25.47 million for the quarter, compared to the consensus estimate of $34.19 million. Tellurian had a negative return on equity of 25.62% and a negative net margin of 129.88%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TELL. SG Americas Securities LLC raised its position in Tellurian by 576.8% in the 3rd quarter. SG Americas Securities LLC now owns 232,967 shares of the oil and gas producer’s stock valued at $270,000 after buying an additional 198,546 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Tellurian by 36.6% during the 3rd quarter. Principal Financial Group Inc. now owns 77,870 shares of the oil and gas producer’s stock worth $90,000 after acquiring an additional 20,872 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of Tellurian by 20.7% in the third quarter. New York State Common Retirement Fund now owns 454,950 shares of the oil and gas producer’s stock valued at $528,000 after purchasing an additional 77,997 shares during the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of Tellurian by 70.8% in the third quarter. Kestra Private Wealth Services LLC now owns 41,000 shares of the oil and gas producer’s stock worth $48,000 after purchasing an additional 17,000 shares in the last quarter. Finally, Payden & Rygel Investment Group acquired a new position in Tellurian during the third quarter worth $46,000. Institutional investors own 48.87% of the company’s stock.

Tellurian Company Profile

Tellurian Inc engages in the natural gas business worldwide. It operates through three segments: The Upstream, The Midstream, and The Marketing & Trading. The company produces, gathers, purchases, sells, and delivers natural gas; acquires and develops natural gas assets; and develops, constructs, and operates liquefied natural gas terminals and pipelines.