Brokers Issue Forecasts for Tellurian Inc.’s FY2024 Earnings (NYSEAMERICAN:TELL)

Tellurian Inc. (NYSEAMERICAN:TELL) – Equities researchers at B. Riley lowered their FY2024 earnings per share (EPS) estimates for shares of Tellurian in a research note issued on Monday, July 1st. B. Riley analyst L. Burke now anticipates that the oil and gas producer will post earnings per share of ($0.21) for the year, down from their previous forecast of ($0.19). B. Riley currently has a “Buy” rating and a $2.50 target price on the stock. The consensus estimate for Tellurian’s current full-year earnings is ($0.18) per share. B. Riley also issued estimates for Tellurian’s Q4 2024 earnings at ($0.05) EPS and FY2025 earnings at ($0.22) EPS.

Tellurian Price Performance

Tellurian stock opened at $0.69 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.68. The business’s fifty day moving average is $0.66. Tellurian has a fifty-two week low of $0.36 and a fifty-two week high of $1.76.

Tellurian (NYSEAMERICAN:TELL) last issued its quarterly earnings data on Thursday, May 2nd. The oil and gas producer reported ($0.06) earnings per share (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 25.12% and a negative net margin of 129.88%.

Institutional Investors Weigh In On Tellurian

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tucker Asset Management LLC acquired a new position in Tellurian in the third quarter valued at $68,000. Vanguard Group Inc. boosted its holdings in Tellurian by 4.5% in the third quarter. Vanguard Group Inc. now owns 42,954,827 shares of the oil and gas producer’s stock valued at $49,828,000 after acquiring an additional 1,844,374 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Tellurian by 31.5% in the fourth quarter. SG Americas Securities LLC now owns 306,395 shares of the oil and gas producer’s stock valued at $232,000 after acquiring an additional 73,428 shares during the last quarter. Traynor Capital Management Inc. boosted its holdings in Tellurian by 141.3% in the fourth quarter. Traynor Capital Management Inc. now owns 34,158 shares of the oil and gas producer’s stock valued at $26,000 after acquiring an additional 20,000 shares during the last quarter. Finally, ORG Partners LLC acquired a new position in Tellurian in the fourth quarter valued at $50,000. 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.