Research Analysts Offer Predictions for Tellurian Inc’s FY2017 Earnings (TELL)

Tellurian Inc (NASDAQ:TELL) – Equities researchers at Seaport Global Securities issued their FY2017 earnings per share (EPS) estimates for shares of Tellurian in a research report issued to clients and investors on Thursday. Seaport Global Securities analyst S. Sibal expects that the oil and gas producer will earn ($1.32) per share for the year. Seaport Global Securities has a “Buy” rating and a $14.00 price objective on the stock. Seaport Global Securities also issued estimates for Tellurian’s Q4 2017 earnings at ($0.11) EPS, Q1 2018 earnings at ($0.09) EPS, Q2 2018 earnings at ($0.06) EPS, Q3 2018 earnings at ($0.08) EPS, Q4 2018 earnings at ($0.06) EPS and FY2018 earnings at ($0.29) EPS.

A number of other research firms have also commented on TELL. Cowen started coverage on Tellurian in a report on Friday, November 17th. They issued an “outperform” rating and a $13.50 target price for the company. BidaskClub lowered Tellurian from a “hold” rating to a “sell” rating in a report on Thursday, December 14th.

Tellurian (TELL) opened at $9.60 on Monday. Tellurian has a 52-week low of $6.90 and a 52-week high of $21.74.

Several institutional investors have recently bought and sold shares of TELL. Morgan Stanley bought a new stake in shares of Tellurian in the 1st quarter worth $1,811,000. Credit Suisse AG bought a new stake in shares of Tellurian in the 1st quarter worth $414,000. California Public Employees Retirement System bought a new stake in shares of Tellurian in the 1st quarter worth $379,000. Nationwide Fund Advisors bought a new stake in shares of Tellurian in the 2nd quarter worth $313,000. Finally, Bank of America Corp DE bought a new stake in shares of Tellurian in the 1st quarter worth $307,000. 9.31% of the stock is owned by institutional investors and hedge funds.

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About Tellurian

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.

Earnings History and Estimates for Tellurian (NASDAQ:TELL)

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