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Tellurian Inc. (TELL) Could Be Sitting On A Goldmine

Tellurian Inc. (AMEX:TELL) concluded the trading at $2.65 on Wednesday, November 23 with a fall of -3.28% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $2.74 and 5Y monthly beta was reading 2.29 with its price kept floating in the range of $2.64 and $2.75 on the day. Considering stock’s 52-week price range provides that TELL hit a high price of $6.53 and saw its price falling to a low level of $1.54 during that period. Over a period of past 1-month, stock came adding 1.53% in its value.

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With its current market valuation of $1.49 billion, Tellurian Inc. is set to declare its quarterly results on Feb 21, 2023 – Feb 27, 2023. Analysts are in estimates of $0.01 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to -$0.08 for 2022 with estimates of that growing to -$0.02 in next year. These estimates are suggesting current year growth of 71.40% for EPS and 75.00% growth next year.

Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $84.72 million. They suggested that in the process company could generate revenue of as low as $62.58 million which could climb up to $96.6 million to hit a high. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $393.03 million in 2022, which will be 451.40% more from revenue generated by the company last year.

In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review TELL stock’s current outlook then short term indicators are assigning it an average of 50% Sell, while medium term indicators are categorizing the stock at an average of 100% Sell. Long term indicators are suggesting an average of 100% Sell for it.

Digging deeper we become aware of the PEG ratio of the TELL stock which is currently positioned at 0. It further provides that stock’s current price level is -4.59% away from its 20-day simple moving average and is -5.08% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 45.47 while volatility remained at 6.28% over the past week which changes to 7.25% when measuring it over the past month. Beta is valued at 2.24, while measure of average true range or ATR is currently at 0.19.

In comparing Tellurian Inc. (TELL)’s stock with other industry players reveals that stock’s current price change of -3.28% and that of -25.35% over the past 12 months is in competing position with that of Civitas Resources Inc. (CIVI) which saw its stock price fall by -0.61% in the last trading and went through an increase of 33.10% in past 12-month trading. Industry’s another major player Barnwell Industries Inc. (BRN) has rise 1.59% up in previous session, but over the past year has faced a rise of 26.09%, while Plains All American Pipeline L.P. (PAA) was also down -1.21% however its price remained floating in the green at 21.97% over the same period. Tellurian Inc. has a P/E ratio of 0 against that of Civitas Resources Inc.’s 4.96 while Barnwell Industries Inc. is showing 4.28 for the same. On the other hand, the last trading session.

Having a second look at Tellurian Inc. (AMEX:TELL) provides that stock’s average daily trading volume for 3 months was 16.50 million, while it jumped to 9.92 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 538.55 million.

The percentage of outstanding shares held by the insiders is 0.60% while it is 40.70% for the institutional holders. The figures also indicate that as of Oct 13, 2022, number of stock’s short shares was 93.35 million which implies a short ratio of 4.21. This shows down a 16.53% of Short Interest in company’s outstanding shares on the day. In October the standing of shares short improved as it was 110.98 million in the previous month. Subtraction of -13.96% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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