Tellurian (NYSEAMERICAN:TELL) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of Tellurian Inc. (NYSEAMERICAN:TELL) 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’s 50-day moving average price is $0.98. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market cap of $892.85 million, a P/E ratio of -3.33 and a beta of 2.56.

Hedge Funds Weigh In On Tellurian

Institutional investors and hedge funds have recently made changes to their positions in the company. Verition Fund Management LLC bought a new position in shares of Tellurian during the third quarter worth about $387,000. Charles Schwab Investment Management Inc. boosted its holdings in Tellurian by 10.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,289,747 shares of the oil and gas producer’s stock worth $5,120,000 after purchasing an additional 521,603 shares during the last quarter. Geode Capital Management LLC increased its stake 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 valued at $9,433,000 after buying an additional 1,283,160 shares during 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 worth $9,899,000 after buying an additional 2,714,339 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Tellurian by 540.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,133,012 shares of the oil and gas producer’s stock valued at $4,001,000 after acquiring an additional 3,487,583 shares in the last quarter. Institutional investors and hedge funds 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.