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

Tellurian Inc. (NYSEAMERICAN:TELLGet Free Report) shares crossed 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 $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 cap 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 quick ratio of 0.27 and a current ratio of 0.27.

Institutional Investors Weigh In On Tellurian

A number of large investors have recently modified their holdings of TELL. Paulson & CO. Inc. boosted its stake in Tellurian by 461.7% during the third quarter. Paulson & CO. Inc. now owns 30,000,000 shares of the oil and gas producer’s stock worth $29,040,000 after acquiring an additional 24,659,337 shares in the last quarter. Oddo BHF Asset Management Sas bought a new stake in Tellurian during the third quarter worth about $23,023,000. State Street Corp boosted its stake in 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 acquiring an additional 7,254,477 shares in the last quarter. Alpine Associates Management Inc. bought a new stake in Tellurian during the third quarter worth about $5,033,000. Finally, JPMorgan Chase & Co. boosted its stake in Tellurian by 540.4% during the third quarter. JPMorgan Chase & Co. now owns 4,133,012 shares of the oil and gas producer’s stock worth $4,001,000 after acquiring an additional 3,487,583 shares in the last quarter. 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.

Further Reading

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