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

Tellurian Inc. (NYSEAMERICAN:TELL)’s share price passed above its 200-day moving average during trading on Friday . 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 business has a 50 day simple moving average of $0.98. The firm has a market cap of $892.85 million, a PE ratio of -3.33 and a beta of 2.56. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.38.

Hedge Funds Weigh In On Tellurian

Several hedge funds have recently made changes to their positions in the company. Oddo BHF Asset Management Sas acquired a new position in Tellurian in the 3rd quarter worth approximately $23,023,000. State Street Corp boosted its holdings in shares of Tellurian by 46.9% in the 3rd quarter. State Street Corp now owns 22,729,853 shares of the oil and gas producer’s stock valued at $22,002,000 after acquiring an additional 7,254,477 shares during the last quarter. Barclays PLC increased its stake in shares of Tellurian by 36.1% in the third quarter. Barclays PLC now owns 10,226,856 shares of the oil and gas producer’s stock worth $9,899,000 after acquiring an additional 2,714,339 shares during the period. Geode Capital Management LLC increased its stake in shares of Tellurian by 15.2% in 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 acquiring an additional 1,283,160 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings 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 last quarter. 48.87% of the stock is owned by institutional investors and hedge funds.

Tellurian Company Profile

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.