Tellurian (NYSEAMERICAN:TELL) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Tellurian Inc. (NYSEAMERICAN:TELL) passed above its 200-day moving average during trading on Monday . 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 Performance

The company has a market capitalization of $892.85 million, a price-to-earnings ratio of -3.33 and a beta of 2.56. The company’s fifty day moving average price is $0.99. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.27 and a current ratio of 0.27.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TELL. Oddo BHF Asset Management Sas bought a new stake in Tellurian during the third quarter worth approximately $23,023,000. State Street Corp lifted its position in Tellurian by 46.9% in 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 last quarter. Barclays PLC boosted its stake in Tellurian by 36.1% during the third 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 period. Geode Capital Management LLC increased its position in 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 acquiring an additional 1,283,160 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake 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 acquiring an additional 3,487,583 shares during the period. 48.87% of the stock is currently owned by institutional investors.

About Tellurian

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.