Tellurian (NYSEAMERICAN:TELL) Share Price Passes Above 200-Day Moving Average of $0.00

Shares of Tellurian Inc. (NYSEAMERICAN:TELL) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as high as $0.59. Tellurian shares last traded at $0.56, with a volume of 24,922,498 shares traded.

Wall Street Analyst Weigh In

Separately, Morgan Stanley lowered their price target on shares of Tellurian from $2.50 to $1.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 13th.

Tellurian Price Performance

The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a 50-day moving average of $0.84. The firm has a market capitalization of $353.99 million, a PE ratio of -1.92 and a beta of 2.33.

Tellurian (NYSEAMERICAN:TELL) last released its quarterly earnings results on Friday, February 23rd. The oil and gas producer reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The company had revenue of $39.96 million during the quarter, compared to the consensus estimate of $55.22 million. Tellurian had a negative net margin of 100.03% and a negative return on equity of 22.05%. As a group, equities analysts anticipate that Tellurian Inc. will post -0.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tellurian

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Guggenheim Capital LLC bought a new stake in Tellurian in the first quarter worth approximately $53,000. Integrated Wealth Concepts LLC acquired a new position in shares of Tellurian during the 1st quarter valued at $78,000. Blair William & Co. IL grew its holdings in Tellurian by 69.9% in the first quarter. Blair William & Co. IL now owns 17,986 shares of the oil and gas producer’s stock worth $95,000 after purchasing an additional 7,399 shares during the period. Balyasny Asset Management LLC bought a new stake in Tellurian in the third quarter valued at $44,000. Finally, Eqis Capital Management Inc. acquired a new position in shares of Tellurian during the second quarter valued at about $27,000. 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.