Wall Street analysts’ outlook for Tellurian Inc. (TELL)

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.

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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.

Institutional Ownership:

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.

Analysts Ratings:

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.

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