Tellurian (NYSEAMERICAN:TELL) Stock Crosses Above 200 Day Moving Average – Here’s Why

Tellurian Inc. (NYSEAMERICAN:TELL) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $1.00. Tellurian shares last traded at $1.00, with a volume of 72,335,900 shares trading hands.

Tellurian Trading Up 0.2 %

The business’s 50 day moving average is $0.96. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market capitalization of $892.85 million, a P/E ratio of -3.33 and a beta of 2.56.

Institutional Trading of Tellurian

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hilltop Holdings Inc. bought a new stake in Tellurian in the 3rd quarter worth approximately $68,000. Murchinson Ltd. bought a new position in shares of Tellurian during the 3rd quarter valued at approximately $195,000. Verition Fund Management LLC bought a new stake in Tellurian in the third quarter worth $387,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Tellurian in the 3rd quarter worth $2,867,000. Finally, JPMorgan Chase & Co. raised its position in shares of Tellurian by 540.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,133,012 shares of the oil and gas producer’s stock valued at $4,001,000 after buying an additional 3,487,583 shares in the last quarter. 48.87% of the stock is currently owned by institutional investors.

About Tellurian

Tellurian Inc engages in the natural gas business worldwide. It operates through three segments: The Upstream, The Midstream, and The Marketing & Trading. The company produces, gathers, purchases, sells, and delivers natural gas; acquires and develops natural gas assets; and develops, constructs, and operates liquefied natural gas terminals and pipelines.