Tellurian Inc. (NASDAQ:TELL) price closed higher on Monday, September 13, jumping 11.42% above its previous close.
A look at the daily price movement shows that the last close reads $2.89, with intraday deals fluctuated between $2.96 and $3.30. The company’s 5Y monthly beta was ticking 2.57. Taking into account the 52-week price action we note that the stock hit a 52-week high of $5.76 and 52-week low of $0.68. The stock added 7.33% on its value in the past month.
Tellurian Inc., which has a market valuation of $1.59 billion, is expected to release its quarterly earnings report Nov 04, 2021 – Nov 08, 2021. Analysts tracking TELL have forecast the quarterly EPS to shrink by -0.04 per share this quarter, while the same analysts predict the annual EPS to hit -$0.21 for the year 2021 and up to -$0.12 for 2022. In this case, analysts estimate an annual EPS growth of 73.40% for the year and 42.90% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $18.78 million, with the likely lows of $5.58 million and highs of $44.41 million. The average estimate suggests sales growth for the quarter will likely rise by 179.00% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $80.78 million for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 115.80% above that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give TELL a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as 50% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 12 analysts have assigned TELL a recommendation rating as follows: 7 rate it as a Hold; 4 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Tellurian Inc. (TELL) stock as Underweight, with 1 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that TELL’s price is at present 10.39% off the SMA20 and -5.00% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 53.53, with weekly volatility standing at 7.44%. The indicator jumps to 6.49% when calculated based on the past 30 days. Tellurian Inc. (NASDAQ:TELL)’s beta value is holding at 2.73, while the average true range (ATR) indicator is currently reading 0.20. Considering analysts have assigned the stock a price target range of $0.90-$8.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $5.10. Based on this estimate, we see that current price is roughly 72.05% off the estimated low and -148.45% off the forecast high. Investors will no doubt be excited to see the share price fall to $5.25, which is the median consensus price, and at that level TELL would be -63.04% from current price.
Turning out attention to how the Tellurian Inc. stock has performed in comparison to its peers in the industry, here’s what we find: TELL’s stock is 11.42% on the day and 322.30% in the past 12 months, while Bonanza Creek Energy Inc. (BCEI) traded 0.66% in the last session and was positioned 138.96% up on its price 12 months ago. Another comparison is with Barnwell Industries Inc. (BRN) whose stock price was up 1.15% in the last trading session, and has flourished 275.99% over the past year. Also, Plains All American Pipeline L.P. (PAA) showed up trend of 2.69% while its price kept floating at 50.45% over the past year. Elsewhere in the market, the S&P 500 Index has rallied 0.23% in last trading session, with the Dow Jones Industrial also saw a positive session on the day with 0.76%.
An analysis of the Tellurian Inc. (NASDAQ:TELL) stock in terms of its daily trading volume indicates that the 3-month average is 11.12 million.
Current records show that the company has 386.05M in outstanding shares. The insiders’ percentage holdings are 14.30% of outstanding shares while the percentage share held by institutions stands at 27.20%. But the 151.56% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.