Tellurian (NYSEAMERICAN:TELL) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

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 traded.

Tellurian Trading Up 0.2 %

The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $892.85 million, a PE ratio of -3.33 and a beta of 2.56.

Institutional Investors Weigh In On Tellurian

A number of hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in shares of Tellurian by 540.4% during the third quarter. JPMorgan Chase & Co. now owns 4,133,012 shares of the oil and gas producer’s stock worth $4,001,000 after purchasing an additional 3,487,583 shares during the period. Oddo BHF Asset Management Sas acquired a new stake in shares of Tellurian during the third quarter worth about $23,023,000. Geode Capital Management LLC raised its position in shares of Tellurian by 15.2% during the third quarter. Geode Capital Management LLC now owns 9,741,164 shares of the oil and gas producer’s stock worth $9,433,000 after purchasing an additional 1,283,160 shares during the period. Barclays PLC raised its position in shares of Tellurian by 36.1% during the third quarter. Barclays PLC now owns 10,226,856 shares of the oil and gas producer’s stock worth $9,899,000 after purchasing an additional 2,714,339 shares during the period. Finally, State Street Corp raised its position in shares of Tellurian by 46.9% during the third quarter. State Street Corp now owns 22,729,853 shares of the oil and gas producer’s stock worth $22,002,000 after purchasing an additional 7,254,477 shares during the period. Institutional investors and hedge funds own 48.87% of the company’s stock.

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.