Tellurian (NYSEAMERICAN:TELL) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Posted by Jeff Wilder on Jan 19th, 2025

Tellurian Inc. (NYSEAMERICAN:TELL – Get Free Report) shares crossed 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 changing hands.

Tellurian Stock Up 0.2 %

The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.27 and a current ratio of 0.27. The firm 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

A number of institutional investors and hedge funds have recently made changes to their positions in TELL. Paulson & CO. Inc. lifted its stake in shares of Tellurian by 461.7% in the 3rd quarter. Paulson & CO. Inc. now owns 30,000,000 shares of the oil and gas producer’s stock valued at $29,040,000 after purchasing an additional 24,659,337 shares during the period. Oddo BHF Asset Management Sas bought a new stake in Tellurian in the third quarter valued at about $23,023,000. State Street Corp lifted its stake 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 valued at $22,002,000 after buying an additional 7,254,477 shares during the period. Millennium Management LLC boosted its holdings in Tellurian by 174.5% during the second quarter. Millennium Management LLC now owns 14,833,537 shares of the oil and gas producer’s stock worth $10,274,000 after buying an additional 9,430,606 shares during the last quarter. Finally, Barclays PLC grew its position 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 period. Institutional investors own 48.87% of the company’s stock.

About Tellurian

(Get Free Report)

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.