Brokers Offer Predictions for Tellurian Inc.’s Q2 2024 Earnings (NYSEAMERICAN:TELL)

Tellurian Inc. (NYSEAMERICAN:TELL) – B. Riley lifted their Q2 2024 earnings per share (EPS) estimates for shares of Tellurian in a report released on Thursday, May 2nd. B. Riley analyst L. Burke now anticipates that the oil and gas producer will post earnings of ($0.04) per share for the quarter, up from their prior 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 lowered their price target on shares of Tellurian from $2.50 to $1.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 13th.

Tellurian Stock Performance

NYSEAMERICAN TELL opened at $0.43 on Monday. The company has a market capitalization of $272.98 million, a P/E ratio of -1.43 and a beta of 2.44. The company’s 50 day simple moving average is $0.74. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.77. Tellurian has a 52-week low of $0.36 and a 52-week high of $1.76.

Tellurian (NYSEAMERICAN:TELL) last issued its earnings results 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 during the quarter, compared to analysts’ expectations of $34.19 million. Tellurian had a negative return on equity of 25.62% and a negative net margin of 129.88%.

Hedge Funds Weigh In On Tellurian

Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC boosted its position in Tellurian by 576.8% during the third quarter. SG Americas Securities LLC now owns 232,967 shares of the oil and gas producer’s stock worth $270,000 after purchasing an additional 198,546 shares in the last quarter. Principal Financial Group Inc. grew its stake in Tellurian by 36.6% in the 3rd quarter. Principal Financial Group Inc. now owns 77,870 shares of the oil and gas producer’s stock valued at $90,000 after acquiring an additional 20,872 shares during the period. New York State Common Retirement Fund increased its holdings in Tellurian by 20.7% in the 3rd quarter. New York State Common Retirement Fund now owns 454,950 shares of the oil and gas producer’s stock worth $528,000 after acquiring an additional 77,997 shares in the last quarter. Kestra Private Wealth Services LLC raised its position 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 period. Finally, Payden & Rygel Investment Group purchased a new position in Tellurian during the third quarter valued at $46,000. 48.87% of the stock is owned by hedge funds and other institutional investors.

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.