Tellurian Inc [TELL] stock prices are up 7.10% to $0.82 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TELL shares have gain 16.55% over the last week, with a monthly amount glided 76.81%, and seem to be holding up well over a long-time horizon.
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On 23, February 2024, Tellurian Reports 2023 Financial Results and Driftwood LNG Progress. In a post published today on Yahoo Finance, Tellurian Inc. (Tellurian or the Company) (NYSE American: TELL) reported its full year 2023 financial results today. During 2023, Tellurian took significant steps to advance the Driftwood LNG project, having driven over 14,000 piles at site and making progress on concrete foundations for critical equipment thus de-risking site construction. Tellurian also secured the Federal Energy Regulatory Commission (FERC) Certificate for the Company’s pipelines (Lines 200 and 300) and continued to advance the fabrication of Baker Hughes zero-emissions ICL compressors for the pipeline.
From an analyst’s perspective:
Tellurian Inc [AMEX: TELL] stock has seen the most recent analyst activity on February 14, 2023, when BofA Securities downgraded its rating to a Underperform and also revised its price target to $1.50 from $4. Previously, BofA Securities upgraded its rating to Buy on August 09, 2022, and dropped its price target to $4.50. On August 02, 2022, downgrade downgraded it’s rating to In-line and revised its price target to $4.50 on the stock. Credit Suisse upgraded its rating to a Outperform and increased its price target to $8 on April 01, 2022. B. Riley Securities initiated its recommendation with a Buy and recommended $8 as its price target on July 08, 2021. Evercore ISI upgraded its rating to Outperform for this stock on June 08, 2021, and upped its price target to $7. In a note dated June 07, 2021, Morgan Stanley upgraded an Equal-Weight rating on this stock and boosted its target price from $2 to $8.
The stock price of Tellurian Inc [TELL] has been fluctuating between $0.36 and $1.75 over the past year. Currently, Wall Street analysts expect the stock to reach $5.98 within the next 12 months. Tellurian Inc [AMEX: TELL] shares were valued at $0.82 at the most recent close of the market. An investor can expect a potential return of 629.27% based on the average TELL price forecast.
Analyzing the TELL fundamentals
The Tellurian Inc [AMEX:TELL] reported sales of 166.13M for trailing twelve months, representing a drop of -61.03%. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at -0.89%, Pretax Profit Margin comes in at -1.0%, and Net Profit Margin reading is -1.0%. To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is -0.27 and Total Capital is -0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.78.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.7767 points at the first support level, and at 0.7316 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.8512, and for the 2nd resistance point, it is at 0.8806.
Tellurian Inc [TELL] reported earnings per share of -$0.02 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.04/share, meaning a difference of $0.02 and a surprise factor of 50.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.12 per share as compared to estimates of -$0.06 per share, a difference of -$0.06 representing a surprise of -100.00%.
Ratios To Look Out For
It’s worth pointing out that Tellurian Inc [AMEX:TELL]’s Current Ratio is 0.66. As well, the Quick Ratio is 0.66, while the Cash Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 3.87, the price to book ratio is 0.93.
Transactions by insiders
Recent insider trading involved GROSS JONATHAN S, Director, that happened on Dec 15 when 0.12 million shares were purchased. Director, GROSS JONATHAN S completed a deal on Nov 07 to buy 100000.0 shares. Meanwhile, Director GROSS JONATHAN S bought 100000.0 shares on Jun 30.
