Tellurian (NYSEAMERICAN:TELL) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

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 Trading Up 0.2 %

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its position in shares of Tellurian by 540.4% in 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 in the last quarter. Oddo BHF Asset Management Sas acquired a new position in Tellurian in the 3rd quarter valued at approximately $23,023,000. Geode Capital Management LLC lifted its position in Tellurian by 15.2% in the 3rd quarter. Geode Capital Management LLC now owns 9,741,164 shares of the oil and gas producer’s stock worth $9,433,000 after buying an additional 1,283,160 shares in the last quarter. Barclays PLC boosted its stake in shares of Tellurian by 36.1% during the 3rd quarter. Barclays PLC now owns 10,226,856 shares of the oil and gas producer’s stock valued at $9,899,000 after buying an additional 2,714,339 shares during the period. Finally, State Street Corp grew its holdings in shares of Tellurian by 46.9% during 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 in the last quarter. Hedge funds and other institutional investors own 48.87% of the company’s stock.

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.