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

Tellurian Inc. (NYSEAMERICAN:TELL) passed above its 200-day moving average during trading on Tuesday . 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 changing hands.

Tellurian Stock 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 company’s 50-day moving average is $0.95. The stock has a market cap of $892.85 million, a price-to-earnings ratio of -3.33 and a beta of 2.56.

Institutional Investors Weigh In On Tellurian

Hedge funds have recently modified their holdings of the business. Hilltop Holdings Inc. purchased a new position in Tellurian during the third quarter worth approximately $68,000. Murchinson Ltd. acquired a new stake in shares of Tellurian in the 3rd quarter worth $195,000. Verition Fund Management LLC purchased a new position in shares of Tellurian during the 3rd quarter worth $387,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Tellurian during the 3rd quarter valued at about $2,867,000. Finally, JPMorgan Chase & Co. grew its holdings 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 valued at $4,001,000 after purchasing an additional 3,487,583 shares during the period. 48.87% of the stock is currently 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.