Tellurian (NYSEAMERICAN:TELL) Stock Passes Above Two Hundred Day Moving Average of $0.00

Shares of Tellurian Inc. (NYSEAMERICAN:TELL) 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 $0.59. Tellurian shares last traded at $0.56, with a volume of 24,922,498 shares.

Analyst Ratings Changes

Separately, Morgan Stanley decreased their price target on Tellurian from $2.50 to $1.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 13th.

Tellurian Stock Performance

The company has a market capitalization of $353.99 million, a PE ratio of -1.92 and a beta of 2.33. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.66 and a current ratio of 0.66. The company has a 50-day moving average of $0.84.

Tellurian (NYSEAMERICAN:TELL) last posted its earnings results on Friday, February 23rd. The oil and gas producer reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The business had revenue of $39.96 million for the quarter, compared to analyst estimates of $55.22 million. Tellurian had a negative return on equity of 22.05% and a negative net margin of 100.03%. As a group, sell-side analysts predict that Tellurian Inc. will post -0.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Centiva Capital LP grew its position in shares of Tellurian by 20.0% in the 2nd quarter. Centiva Capital LP now owns 30,000 shares of the oil and gas producer’s stock valued at $90,000 after buying an additional 5,000 shares during the last quarter. Macquarie Group Ltd. lifted its position in shares of Tellurian by 0.3% during the 2nd quarter. Macquarie Group Ltd. now owns 2,063,144 shares of the oil and gas producer’s stock valued at $6,148,000 after acquiring an additional 5,644 shares during the period. Blair William & Co. IL boosted its position in shares of Tellurian by 69.9% during the 1st quarter. Blair William & Co. IL now owns 17,986 shares of the oil and gas producer’s stock worth $95,000 after purchasing an additional 7,399 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Tellurian by 25.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 39,110 shares of the oil and gas producer’s stock valued at $207,000 after acquiring an additional 8,037 shares during the period. Finally, Prudential Financial Inc. increased its holdings in shares of Tellurian by 31.7% during the second quarter. Prudential Financial Inc. now owns 33,740 shares of the oil and gas producer’s stock valued at $168,000 after acquiring an additional 8,120 shares in the last quarter. Institutional investors 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.