$1.81 Million in Sales Expected for Tellurian Inc (TELL) This Quarter

Brokerages expect Tellurian Inc (NASDAQ:TELL) to report $1.81 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Tellurian’s earnings, with the lowest sales estimate coming in at $20,000.00 and the highest estimate coming in at $3.60 million. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Tellurian will report full year sales of $1.81 million for the current fiscal year, with estimates ranging from $20,000.00 to $3.60 million. For the next financial year, analysts anticipate that the business will post sales of $37.71 million per share, with estimates ranging from $120,000.00 to $75.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Tellurian.

Tellurian (NASDAQ:TELL) last posted its earnings results on Thursday, November 9th. The oil and gas producer reported ($0.12) earnings per share (EPS) for the quarter.

Several research firms have issued reports on TELL. Seaport Global Securities began coverage on shares of Tellurian in a research note on Thursday, December 14th. They set a “buy” rating and a $14.00 target price on the stock. BidaskClub lowered shares of Tellurian from a “hold” rating to a “sell” rating in a research report on Thursday, December 14th. Stifel Nicolaus assumed coverage on shares of Tellurian in a research report on Thursday, January 4th. They set a “buy” rating and a $16.00 price target for the company. Finally, Cowen assumed coverage on shares of Tellurian in a research report on Friday, November 17th. They set an “outperform” rating and a $13.50 price target for the company.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fox Run Management L.L.C. purchased a new stake in shares of Tellurian during the 4th quarter valued at about $103,000. Nationwide Fund Advisors purchased a new stake in shares of Tellurian during the 2nd quarter valued at about $313,000. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Tellurian by 3.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 300,958 shares of the oil and gas producer’s stock valued at $2,932,000 after purchasing an additional 11,390 shares during the last quarter. 9.30% of the stock is owned by hedge funds and other institutional investors.

Tellurian (TELL) opened at $11.56 on Friday. Tellurian has a one year low of $8.19 and a one year high of $21.74.

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Tellurian Company Profile

Tellurian Inc, formerly Magellan Petroleum Corporation, is an oil and gas exploration and production company. The Company focuses on the development of liquefied natural gas (LNG) projects along the United States Gulf Coast through its subsidiary, Tellurian Investments Inc The Company owns interests in the Horse Hill-1 well and related licenses in the Weald Basin, onshore the United Kingdom, and an exploration block, NT/P82, in the Bonaparte Basin, offshore Northern Territory, Australia.

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