Tellurian (NYSEAMERICAN:TELL) Shares Cross Above 200 Day Moving Average – Here’s Why

Tellurian Inc. (NYSEAMERICAN:TELL)’s share price passed above its 200-day moving average during trading on Thursday . 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 trading hands.

Tellurian Stock Up 0.2 %

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

Institutional Trading of Tellurian

A number of institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its stake in Tellurian by 540.4% during 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 purchasing an additional 3,487,583 shares in the last quarter. State Street Corp lifted its stake in shares of Tellurian by 46.9% during the third quarter. State Street Corp now owns 22,729,853 shares of the oil and gas producer’s stock worth $22,002,000 after buying an additional 7,254,477 shares during the period. Geode Capital Management LLC grew its holdings in shares of Tellurian by 15.2% during the third 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. Charles Schwab Investment Management Inc. increased its position in shares of Tellurian by 10.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,289,747 shares of the oil and gas producer’s stock valued at $5,120,000 after acquiring an additional 521,603 shares during the period. Finally, SG Americas Securities LLC raised its stake in Tellurian by 312.6% in the 3rd quarter. SG Americas Securities LLC now owns 91,912 shares of the oil and gas producer’s stock worth $89,000 after acquiring an additional 69,634 shares during the last quarter. 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.