Price Target Changed • Aug 14
Price target decreased by 24% to US$1.21 Down from US$1.59, the current price target is an average from 4 analysts. New target price is 34% above last closing price of US$0.90. The company is forecast to post a net loss per share of US$0.20 next year compared to a net loss per share of US$0.29 last year. Reported Earnings • Aug 09
Second quarter 2024 earnings released: US$0.046 loss per share (vs US$0.11 loss in 2Q 2023) Second quarter 2024 results: US$0.046 loss per share (improved from US$0.11 loss in 2Q 2023). Net loss: US$38.4m (loss narrowed 36% from 2Q 2023). Revenue is forecast to grow 47% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. New Risk • Jul 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 59% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$68m free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings are forecast to decline by an average of 28% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (US$308m net loss in 3 years). Price Target Changed • Jul 22
Price target decreased by 25% to US$1.21 Down from US$1.61, the current price target is an average from 4 analysts. New target price is 26% above last closing price of US$0.96. The company is forecast to post a net loss per share of US$0.16 next year compared to a net loss per share of US$0.29 last year. Major Estimate Revision • Jul 02
Consensus revenue estimates fall by 26% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$64.5m to US$47.9m. Forecast losses increased from -US$0.153 to -US$0.16 per share. Oil and Gas industry in the US expected to see average net income growth of 15% next year. Consensus price target of US$1.59 unchanged from last update. Share price fell 20% to US$0.64 over the past week. Major Estimate Revision • Jun 14
Consensus revenue estimates decrease by 20%, EPS upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$80.6m to US$64.5m. EPS estimate increased from -US$0.18 to -US$0.167 per share. Oil and Gas industry in the US expected to see average net income growth of 15% next year. Consensus price target down from US$1.61 to US$1.47. Share price fell 6.3% to US$0.70 over the past week. Price Target Changed • Jun 13
Price target decreased by 15% to US$1.47 Down from US$1.72, the current price target is an average from 5 analysts. New target price is 83% above last closing price of US$0.80. Stock is down 40% over the past year. The company is forecast to post a net loss per share of US$0.17 next year compared to a net loss per share of US$0.29 last year. Major Estimate Revision • May 09
Consensus revenue estimates decrease by 23%, EPS upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$104.8m to US$80.7m. EPS estimate increased from -US$0.216 to -US$0.173 per share. Oil and Gas industry in the US expected to see average net income growth of 12% next year. Consensus price target down from US$2.14 to US$1.72. Share price rose 2.5% to US$0.43 over the past week. Price Target Changed • May 06
Price target decreased by 20% to US$1.72 Down from US$2.14, the current price target is an average from 5 analysts. New target price is 304% above last closing price of US$0.43. Stock is down 69% over the past year. The company is forecast to post a net loss per share of US$0.17 next year compared to a net loss per share of US$0.29 last year. Reported Earnings • May 03
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: US$0.058 loss per share (further deteriorated from US$0.051 loss in 1Q 2023). Revenue: US$25.5m (down 50% from 1Q 2023). Net loss: US$44.0m (loss widened 60% from 1Q 2023). Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 7.1%. Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. Annuncio • May 03
Tellurian Reportedly in Talks with Potential Buyers to Sell its Haynesville Shale Gas Business Tellurian Inc. (NYSEAM:TELL) has sent home more than a dozen workers from its upstream gas production business, according to three people familiar with the matter. The Houston-based company has been holding talks with potential buyers to sell its Haynesville shale gas business to raise capital for its proposed Driftwood LNG export plant. Tellurian has said it was evaluating several bids for the property, and the people familiar with the matter said the firm expects to make a decision in the coming weeks. It could not immediately learned what companies held talks. In February, Tellurian officials said it is exploring the sale of its Haynesville upstream business to raise capital for its Driftwood LNG project. Weak natural gas prices could reduce the value Tellurian could get for its asset, analysts have said. Price Target Changed • May 02
Price target decreased by 22% to US$1.74 Down from US$2.23, the current price target is an average from 5 analysts. New target price is 311% above last closing price of US$0.42. Stock is down 67% over the past year. The company is forecast to post a net loss per share of US$0.22 next year compared to a net loss per share of US$0.29 last year. Annuncio • Apr 27
Tellurian Inc., Annual General Meeting, Jun 05, 2024 Tellurian Inc., Annual General Meeting, Jun 05, 2024, at 08:30 US Eastern Standard Time. Location: 1201 Louisiana Street, 35th Floor Houston Texas United States Agenda: To elect the two nominees identified in the enclosed proxy statement as members of the board of directors of Tellurian, each to hold office for a three-year term expiring at the 2027 annual meeting of stockholders; to ratify the appointment of Deloitte & Touche LLP as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2024; to approve, on a non-binding advisory basis, the compensation of the Company's named executive officers as disclosed in the enclosed proxy statement; and to transact such other business as may properly come before the annual meeting or any adjournment or postponement thereof. Major Estimate Revision • Apr 05
Consensus revenue estimates decrease by 17% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$125.6m to US$104.8m. EPS estimate unchanged from -US$0.22 per share at last update. Oil and Gas industry in the US expected to see average net income decline 1.2% next year. Consensus price target of US$2.14 unchanged from last update. Share price fell 15% to US$0.56 over the past week. Annuncio • Mar 22
Tellurian Inc. Announces Executive Changes Tellurian Inc. announced leadership changes ahead of its CEO's previously announced departure. Octávio Simões stepped down from his CEO position on March 15 and became senior commercial adviser for the company ahead of his retirement in June, the natural gas company said March 18. The board of directors elected to not renew or extend CEO Octávio Simões' employment after his contract ends on June 5, 2024. Daniel Belhumeur, president of the company, now is company's principal executive officer and co-principal operating officer following Simões' resignation from the CEO role. Belhumeur oversees finance, investor relations, legal, public and government affairs and human resources. Price Target Changed • Mar 01
Price target decreased by 17% to US$1.85 Down from US$2.23, the current price target is an average from 4 analysts. New target price is 141% above last closing price of US$0.77. Stock is down 51% over the past year. The company is forecast to post a net loss per share of US$0.14 next year compared to a net loss per share of US$0.29 last year. Reported Earnings • Feb 25
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: US$0.29 loss per share (further deteriorated from US$0.095 loss in FY 2022). Revenue: US$166.1m (down 58% from FY 2022). Net loss: US$166.2m (loss widened 234% from FY 2022). Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) exceeded analyst estimates by 17%. Revenue is forecast to grow 50% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Annuncio • Jan 26
Tellurian Reportedly Exploring Possible Sale with Help of Adviser Tellurian Inc., (NYSEAM:TELL) which is seeking to export US natural gas, said it has hired Lazard Inc. to explore “commercial opportunities.” Options under consideration include a potential sale of the company, according to people familiar with the situation. Tellurian, which has struggled to bring its proposed Louisiana gas-export facility to fruition since its 2016 founding, may attract heightened interest because it already has necessary government approvals for its Driftwood LNG project. The shares surged as much as 20% in after-hours trading January 25, 2024. Price Target Changed • Jan 12
Price target decreased by 7.6% to US$2.44 Down from US$2.64, the current price target is an average from 5 analysts. New target price is 259% above last closing price of US$0.68. Stock is down 66% over the past year. The company is forecast to post a net loss per share of US$0.35 next year compared to a net loss per share of US$0.095 last year. Recent Insider Transactions • Dec 19
Independent Director recently bought US$80k worth of stock On the 15th of December, Jonathan Gross bought around 120k shares on-market at roughly US$0.67 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold US$37m more in shares than they bought in the last 12 months. Annuncio • Dec 11
Tellurian Announces Executive Changes Tellurian Inc. announced that following the appointment of Martin J. Houston as Chairman of the Board, the Board of Directors has named former General Counsel Daniel Belhumeur as President of Tellurian, and former Deputy General Counsel Meredith Mouer as General Counsel and Chief Compliance Officer of Tellurian. Mr. Houston co-founded Tellurian in 2016 and has served as Vice Chairman of the Board since the Company’s inception. With over 40 years of experience in the energy industry, he has held leadership, board, or advisory positions at various companies, including BG Group plc, Severn Trent plc, EnQuest plc, Energean plc, TPH International, Moelis, Hakluyt, BUPA, Bupa Arabia, and CC Energy. Mr. Belhumeur has served as the General Counsel of Tellurian since February 2017 and as Chief Compliance Officer since March 2017. Prior to joining Tellurian, he served as Vice President, Tax and General Tax Counsel, Tax Director and Domestic Tax Counsel at Cheniere Energy Inc. Ms. Mouer has served as Deputy General Counsel since February 2017, and was formerly a partner at Andrews Kurth LLP. Annuncio • Dec 09
Tellurian Inc. Announces Board Changes Tellurian Inc. announced that its Board of Directors has named Martin Houston, Co-Founder and Vice Chairman, to be Chairman of the Board of Directors. Co-Founder Charif Souki will no longer serve as an executive or officer of the Company or hold any managerial responsibilities. Mr. Souki remains a member of the Board of Directors. New Risk • Dec 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$235m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings are forecast to decline by an average of 19% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$150m net loss in 3 years). Shareholders have been diluted in the past year (12% increase in shares outstanding). Board Change • Dec 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Independent Director Jonathan Gross was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 10
Independent Director recently bought US$61k worth of stock On the 7th of November, Jonathan Gross bought around 100k shares on-market at roughly US$0.61 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold US$37m more in shares than they bought in the last 12 months. Major Estimate Revision • Nov 09
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$203.7m to US$181.4m. Forecast losses increased from -US$0.283 to -US$0.335 per share. Oil and Gas industry in the US expected to see average net income growth of 4.3% next year. Consensus price target down from US$2.53 to US$2.45. Share price fell 22% to US$0.55 over the past week. Reported Earnings • Nov 03
Third quarter 2023 earnings released: US$0.12 loss per share (vs US$0.026 loss in 3Q 2022) Third quarter 2023 results: US$0.12 loss per share (further deteriorated from US$0.026 loss in 3Q 2022). Revenue: US$43.3m (down 47% from 3Q 2022). Net loss: US$65.4m (loss widened 360% from 3Q 2022). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 1.2% decline forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Major Estimate Revision • Oct 26
Consensus EPS estimates upgraded to US$0.28 loss, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$207.1m to US$203.7m. 2023 losses expected to reduce from -US$0.345 to -US$0.283 per share. Oil and Gas industry in the US expected to see average net income decline 9.3% next year. Consensus price target down from US$3.87 to US$2.53. Share price fell 9.4% to US$0.63 over the past week. Annuncio • Aug 26
Tellurian Inc. announced that it has received $299.391238 million in funding On August 25, 2023, Tellurian Inc. closed the transaction. The transaction included participation from a single investor Annuncio • Aug 17
Tellurian Inc. announced that it has received $333.334 million in funding On August 15, 2023, Tellurian Inc. closed the transaction. New Risk • Aug 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 72% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$109m net loss next year). Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Reported Earnings • Aug 10
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: US$0.11 loss per share (further deteriorated from US$0 in 2Q 2022). Revenue: US$32.0m (down 48% from 2Q 2022). Net loss: US$59.6m (loss widened US$59.6m from 2Q 2022). Revenue missed analyst estimates by 28%. Earnings per share (EPS) also missed analyst estimates by 65%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.5% decline forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Annuncio • Aug 09
Tellurian Inc. announced a Purchase agreement signed On August 8, 2023, Tellurian Inc. entered into a securities purchase agreement with an institutional investor Major Estimate Revision • Aug 08
Consensus revenue estimates increase by 34% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from US$211.0m to US$281.7m. EPS estimate unchanged from -US$0.18 at last update. Oil and Gas industry in the US expected to see average net income decline 17% next year. Consensus price target of US$3.88 unchanged from last update. Share price fell 7.3% to US$1.53 over the past week. Price Target Changed • Aug 06
Price target increased by 8.3% to US$3.88 Up from US$3.59, the current price target is an average from 6 analysts. New target price is 134% above last closing price of US$1.66. Stock is down 51% over the past year. The company is forecast to post a net loss per share of US$0.18 next year compared to a net loss per share of US$0.095 last year. Major Estimate Revision • Jul 26
Consensus EPS estimates upgraded to US$0.16 loss, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$215.4m to US$211.0m. 2023 losses expected to reduce from -US$0.177 to -US$0.157 per share. Oil and Gas industry in the US expected to see average net income decline 28% next year. Consensus price target of US$3.54 unchanged from last update. Share price fell 3.6% to US$1.60 over the past week. Recent Insider Transactions • Jul 06
Independent Director recently bought US$138k worth of stock On the 30th of June, Jonathan Gross bought around 100k shares on-market at roughly US$1.38 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold US$37m more in shares than they bought in the last 12 months. Reported Earnings • May 03
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: US$51.13 loss per share. Revenue: US$50.9m (down 65% from 1Q 2022). Net loss: US$27.5m (loss narrowed 59% from 1Q 2022). Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 4.7% decline forecast for the Oil and Gas industry in the US. Major Estimate Revision • Apr 29
Consensus revenue estimates decrease by 10% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$313.8m to US$282.1m. EPS estimate reaffirmed at -US$0.327 per share. Oil and Gas industry in the US expected to see average net income decline 9.7% next year. Consensus price target of US$3.66 unchanged from last update. Share price rose 4.4% to US$1.42 over the past week. Major Estimate Revision • Apr 14
Consensus revenue estimates decrease by 12% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$357.8m to US$313.8m. EPS estimate reaffirmed at -US$0.327 per share. Oil and Gas industry in the US expected to see average net income decline 9.0% next year. Consensus price target down from US$4.04 to US$3.66. Share price rose 9.9% to US$1.56 over the past week. Price Target Changed • Apr 13
Price target decreased by 16% to US$3.66 Down from US$4.33, the current price target is an average from 7 analysts. New target price is 114% above last closing price of US$1.71. Stock is down 72% over the past year. The company is forecast to post a net loss per share of US$0.33 next year compared to a net loss per share of US$0.095 last year. Breakeven Date Change • Mar 28
No longer forecast to breakeven The 4 analysts covering Tellurian no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$65.7m in 2023. New consensus forecast suggests the company will make a loss of US$538.1m in 2025. Recent Insider Transactions • Mar 22
Co-Founder & Executive Chairman recently sold US$1.5m worth of stock On the 17th of March, Charif Souki sold around 1m shares on-market at roughly US$1.16 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$6.4m. Charif has been a net seller over the last 12 months, reducing personal holdings by US$32m. Major Estimate Revision • Mar 09
Consensus revenue estimates increase by 16% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from US$299.7m to US$347.4m. EPS estimate unchanged from -US$0.10 at last update. Oil and Gas industry in the US expected to see average net income decline 6.9% next year. Consensus price target of US$4.04 unchanged from last update. Share price fell 6.1% to US$1.39 over the past week. Price Target Changed • Feb 24
Price target decreased by 11% to US$4.04 Down from US$4.54, the current price target is an average from 6 analysts. New target price is 148% above last closing price of US$1.63. Stock is down 52% over the past year. The company is forecast to post a net loss per share of US$0.16 next year compared to a net loss per share of US$0.095 last year. Reported Earnings • Feb 23
Full year 2022 earnings released: US$0.095 loss per share (vs US$0.28 loss in FY 2021) Full year 2022 results: US$0.095 loss per share (improved from US$0.28 loss in FY 2021). Revenue: US$391.9m (up 450% from FY 2021). Net loss: US$49.8m (loss narrowed 57% from FY 2021). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 5.7% decline forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Price Target Changed • Feb 16
Price target decreased by 7.2% to US$4.33 Down from US$4.66, the current price target is an average from 7 analysts. New target price is 189% above last closing price of US$1.50. Stock is down 43% over the past year. The company is forecast to post a net loss per share of US$0.14 next year compared to a net loss per share of US$0.28 last year. Recent Insider Transactions • Feb 10
Co-Founder & Executive Chairman recently sold US$3.4m worth of stock On the 8th of February, Charif Souki sold around 2m shares on-market at roughly US$1.92 per share. This transaction amounted to 6.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Charif's only on-market trade for the last 12 months. Annuncio • Feb 03
Tellurian Inc. Announces Board Changes On January 30, 2023, Claire Harvey notified Tellurian Inc. that she has resigned from the Company’s board of directors effective immediately. On the same date, James Bennett notified the Company that he has also resigned from the Board effective immediately. Ms. Harvey and Mr. Bennett informed the Company that their resignations were for personal reasons and an increase in other time commitments, respectively. Each of Ms. Harvey and Mr. Bennett joined the Board in late 2021, and they were the directors most recently added to the Board. Based on their short tenure on the Board and the feedback they provided at Board meetings, it is the Company’s opinion that neither Ms. Harvey nor Mr. Bennett was ever comfortable with the risk profile and strategic direction of the Company. Ms. Harvey was a member of the Audit and Environmental, Social, Governance (ESG) and Nominating Committees of the Board. Mr. Bennett was a member of the Audit Committee of the Board. On January 30, 2023, director Jean Abiteboul was appointed to the Audit Committee. Breakeven Date Change • Dec 31
Forecast to breakeven in 2023 The 7 analysts covering Tellurian expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 45% to 2022. The company is expected to make a profit of US$45.6m in 2023.