Tellurian (NYSEAMERICAN:TELL) Stock Price Passes Above 200 Day Moving Average of $0.00

Tellurian Inc. (NYSEAMERICAN:TELL)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $0.46. Tellurian shares last traded at $0.44, with a volume of 38,805,755 shares.

Analyst Ratings Changes

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

Tellurian Stock Performance

The company’s fifty day simple moving average is $0.74. The firm has a market cap of $279.71 million, a PE ratio of -1.52 and a beta of 2.33. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.77.

Tellurian (NYSEAMERICAN:TELL) last released its quarterly earnings data on Friday, February 23rd. The oil and gas producer reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The business had revenue of $39.96 million during 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%. On average, equities research analysts forecast that Tellurian Inc. will post -0.21 earnings per share for the current year.

Institutional Investors Weigh In On Tellurian

Institutional investors have recently modified their holdings of the business. Traynor Capital Management Inc. grew its position in shares of Tellurian by 141.3% during the 4th quarter. Traynor Capital Management Inc. now owns 34,158 shares of the oil and gas producer’s stock valued at $26,000 after acquiring an additional 20,000 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Tellurian by 66.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 53,788 shares of the oil and gas producer’s stock worth $41,000 after buying an additional 21,518 shares during the last quarter. Summit Financial Wealth Advisors LLC acquired a new stake in Tellurian in the 3rd quarter worth about $42,000. Payden & Rygel Investment Group acquired a new stake in Tellurian in the 3rd quarter worth about $46,000. Finally, Kestra Private Wealth Services LLC boosted its holdings in Tellurian by 70.8% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 41,000 shares of the oil and gas producer’s stock worth $48,000 after buying an additional 17,000 shares during the last quarter. 48.87% of the stock is currently owned by institutional investors and hedge funds.

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.