Tellurian Inc. (AMEX: TELL) stock fell -4.23% on Friday to $1.81 against a previous-day closing price of $1.89. With 7.99 million shares changed hands, the volume of the stock remained lighter than its average volume of 11.29 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $1.9200 whereas the lowest price it dropped to was $1.8100. The 52-week range on TELL shows that it touched its highest point at $6.53 and its lowest point at $1.54 during that stretch. It currently has a 1-year price target of $4.63. Beta for the stock currently stands at 2.31.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TELL was down-trending over the past week, with a drop of -15.02%, but this was up by 0.56% over a month. Three-month performance dropped to -34.18% while six-month performance fell -51.21%. The stock lost -39.26% in the past year, while it has gained 7.74% so far this year. A look at the trailing 12-month EPS for TELL yields -0.25 with Next year EPS estimates of -0.03. For the next quarter, that number is 0.00. This implies an EPS growth rate of 64.20% for this year and 78.60% for next year.
Float and Shares Shorts:
At present, 538.55 million TELL shares are outstanding with a float of 485.58 million shares on hand for trading. On Oct 13, 2022, short shares totaled 93.35 million, which was 16.53% higher than short shares on Sep 14, 2022. In addition to Mr. Charif Souki as the firm’s Co-Founder & Exec. Chairman, Mr. Octavio M. C. Simoes serves as its Pres & CEO.
Through their ownership of 46.36% of TELL’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 31.67% of TELL, in contrast to 24.94% held by mutual funds. Shares owned by individuals account for 15.12%. As the largest shareholder in TELL with 6.63% of the stake, The Vanguard Group, Inc. holds 37,472,775 shares worth 37,472,775. A second-largest stockholder of TELL, SSgA Funds Management, Inc., holds 29,267,323 shares, controlling over 5.18% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in TELL, holding 29,237,368 shares or 5.18% stake. With a 6.24% stake in TELL, the SPDR S&P Oil & Gas Exploration & is the largest stakeholder. A total of 35,217,571 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.71% of TELL stock, is the second-largest Mutual Fund holder. It holds 15,325,175 shares valued at 25.75 million. iShares Russell 2000 ETF holds 2.02% of the stake in TELL, owning 11,410,706 shares worth 19.17 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TELL since 6 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With TELL analysts setting a high price target of $10.00 and a low target of $1.80, the average target price over the next 12 months is $5.05. Based on these targets, TELL could surge 452.49% to reach the target high and fall by -0.55% to reach the target low. Reaching the average price target will result in a growth of 179.01% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. TELL will report FY 2022 earnings on 02/21/2024. Analysts have provided yearly estimates in a range of -$0.08 being high and -$0.22 being low. For TELL, this leads to a yearly average estimate of -$0.13. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Tellurian Inc. surprised analysts by -$0.06 when it reported -$0.03 EPS against a consensus estimate of $0.03. The surprise factor in the prior quarter was $0.02. Based on analyst estimates, the high estimate for the next quarter is $0.14 and the low estimate is -$0.07. The average estimate for the next quarter is thus $0.05.
Summary of Insider Activity:
Insiders traded TELL stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 8 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 402,849 while 0 shares were sold.