Tellurian (NYSEAMERICAN:TELL) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of Tellurian Inc. (NYSEAMERICAN:TELL) passed above its 200-day moving average during trading on Thursday . 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 Stock Performance

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TELL. Commonwealth Equity Services LLC raised its stake in Tellurian by 12.4% during the second quarter. Commonwealth Equity Services LLC now owns 366,020 shares of the oil and gas producer’s stock valued at $254,000 after purchasing an additional 40,281 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Tellurian by 6.8% in the 2nd quarter. Arizona State Retirement System now owns 197,131 shares of the oil and gas producer’s stock valued at $137,000 after acquiring an additional 12,516 shares during the last quarter. PFG Investments LLC grew its position in Tellurian by 144.3% in the second quarter. PFG Investments LLC now owns 235,230 shares of the oil and gas producer’s stock worth $163,000 after acquiring an additional 138,925 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Tellurian by 88.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 60,204 shares of the oil and gas producer’s stock worth $42,000 after acquiring an additional 28,236 shares during the last quarter. Finally, XTX Topco Ltd raised its position in Tellurian by 69.2% during the second quarter. XTX Topco Ltd now owns 212,075 shares of the oil and gas producer’s stock valued at $147,000 after purchasing an additional 86,714 shares during the period. Hedge funds and other institutional investors 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.