Q2 2024 EPS Estimates for Tellurian Inc. Boosted by Analyst (NYSEAMERICAN:TELL)

Tellurian Inc. (NYSEAMERICAN:TELL) – Equities research analysts at B. Riley raised their Q2 2024 earnings per share estimates for shares of Tellurian in a research report issued on Thursday, May 2nd. B. Riley analyst L. Burke now anticipates that the oil and gas producer will earn ($0.04) per share for the quarter, up from their previous estimate 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 reduced their target price on shares of Tellurian from $2.50 to $1.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 13th.

Tellurian Stock Performance

Shares of NYSEAMERICAN:TELL opened at $0.43 on Monday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.77. Tellurian has a one year low of $0.36 and a one year high of $1.76. The company has a 50-day simple moving average of $0.74. The stock has a market capitalization of $361.25 million, a PE ratio of -1.44 and a beta of 2.44.

Tellurian (NYSEAMERICAN:TELL) last released its quarterly earnings results on Thursday, May 2nd. The oil and gas producer reported ($0.06) EPS 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 analyst estimates 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

Large investors have recently made changes to their positions in the business. Traynor Capital Management Inc. increased its position in Tellurian by 141.3% during the fourth quarter. Traynor Capital Management Inc. now owns 34,158 shares of the oil and gas producer’s stock worth $26,000 after purchasing an additional 20,000 shares during the last quarter. Summit Financial Wealth Advisors LLC purchased a new position in shares of Tellurian in the 3rd quarter worth $42,000. Payden & Rygel Investment Group acquired a new position in Tellurian in the third quarter valued at $46,000. Kestra Private Wealth Services LLC increased its stake in Tellurian by 70.8% during 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 acquiring an additional 17,000 shares during the last quarter. Finally, Laird Norton Trust Company LLC purchased a new position in shares of Tellurian in the 3rd quarter worth about $58,000. Hedge funds and other 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.