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Entercom Communications Corp. (ETM) And Tellurian Inc. (TELL) Among Headliners

Entercom Communications Corp. (NYSE: ETM) shares are -65.30% down in the year-to-date (YTD) period and have moved -1.23% or -$0.02 lower in the latest trading session. However, stock’s trailing 12-month performance remains nearly +114.67% lower. Comparatively, the stock is -66.46% down YTD and -5.85% over the trailing 3-month period. If we look at the shorter duration, its week performance is 4.55% and 12.59% over the month.

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Analyst Recommendations

On September 24, 2019, Wells Fargo recommended the ETM stock is a Market Perform, while earlier, B. Riley FBR had Downgrade the stock as a Neutral on April 07, 2020. 4 analysts offering the recommendations for the stock have a consensus rating of 2.80 to suggest that the ETM stock is a “Moderate Buy. 0 of the 4 analysts rate the stock as a “Sell”, while 0 has rated it as “Underweight”. 1 recommend buying, with 0 rating it as an Overweight.

The stock currently trades at $1.61 and analysts tracking its performance over the next 12 months have a consensus estimate price target of $1.80. The forecasts give the Entercom Communications Corp. stock a price target range of $3.50 on the higher side while at least one analyst think the stock could plunge to a low of $1.00. The two limits represent an upside potential of 54.0% or -61.0%.

Earnings Forecast

Analysts estimate the earnings to decrease -27.30% in the current quarter to -$0.08, down from the $0.29 reported in the same quarter a year ago. For the current year, earnings should grow to an average of -$0.3, down -28.50% from $0.96 reported last year. Analysts also offered guidance for the next financial quarter, with their average projected EPS at between $0.15 and $0.34. Wall Street estimates earnings per share to be at an average of $0.44 for the next year.

Insider Transactions Summary

According to SEC data, total insider shares purchases at the company stands at 33 over the last 12 months, while SEC filings reveal that there have been 20 insider sales over the same period. Insiders have purchases 2,320,509 shares while those sold by company executives and officers stand at 168,477. The last 3 months have seen insiders trade a total of 200,000 and 2,728 in purchases and sales respectively.

FIELD DAVID J, a Chairman, President and CEO at the company, bought 43,698 shares worth $72805.0 at $1.67 per share on Aug 18. The Chairman, President and CEO had earlier bought another 25,927 ETM shares valued at $41927.0 on Aug 19. The shares were bought at $1.62 per share. FIELD DAVID J (Chairman, President and CEO) bought 8,300 shares at $1.65 per share on Aug 17 for a total of $13695.0 while FIELD DAVID J, (Chairman, President and CEO) bought 22,075 shares on Aug 12 for $34161.0 with each share fetching $1.55.

Tellurian Inc. (NASDAQ:TELL), on the other hand, is trading around $0.92 with a market cap of $286.32M and analyst research firms have a positive stance on its shares. Some analysts are even forecasting -$0.44 per share in earnings this year on a short term (1 year) basis.

Let us briefly look at the Tellurian Inc. (TELL) financials, with a focus on its operating details as indicated in its earnings report for the last quarter.

Company balance sheet and cash flow

TELL’s operating expenses over the recent quarter were at $119.17 million. This represented a -1782.95% of the company’s total revenues which amounted $6.33 million. With this in place, we can see that the company’s diluted EPS declined -$0.53 on the year-over-year period, shrinking to -$0.19 as given in the last earnings report.

In terms of the balance sheet & cash flow as of (Sep 2020), the total assets figure advanced to $315.9 million from $364.3 million over the previous quarter. The cash flow from operating activities totaled -$47.59 million, significantly higher than the -$61.07 million reported in the year-ago quarter. The company’s free cash flow for the quarter was -$47.98 million.

Insider activity

Insiders have transacted a total of 19 times at Tellurian Inc. over the last 6 months, with insider purchases undertaken 9 times and accounting for 774,342 shares. Insider sales totaled 18,478,969 shares over the same period, with these deals completed in 10 transactions. Looking at these numbers, we realize that net purchases over that period are -1.0 shares. Insiders now hold a total of 181.03M shares after the latest sales, with 0.00% net shares purchased.

Major holders

Insiders own 29.00% of the company shares, while shares held by institutions stand at 12.70% with a share float percentage of 178.17M. Investors are also buoyed by the number of investors in a company, with Tellurian Inc. having a total of 178 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 10.29 million shares worth more than $11.84 million. As of Jun 29, 2020, Vanguard Group, Inc. (The) held 3.19% of shares outstanding.

The other major institutional holder is Blackrock Inc., with the investment firm holding over 9.01 million shares as of Jun 29, 2020. The firm’s total holdings are worth over $10.36 million and represent 2.79% of shares outstanding.

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