Tellurian (NYSEAMERICAN:TELL) Shares Cross Above 200 Day Moving Average – Should You Sell?

Tellurian Inc. (NYSEAMERICAN:TELL) 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 traded.

Tellurian Price Performance

The stock has a market capitalization of $892.85 million, a PE ratio of -3.33 and a beta of 2.56. The business has a 50-day simple moving average of $0.98. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.27 and a quick ratio of 0.27.

Hedge Funds Weigh In On Tellurian

Several large investors have recently modified their holdings of TELL. JPMorgan Chase & Co. grew 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 in the last quarter. Oddo BHF Asset Management Sas bought a new position in Tellurian during the 3rd quarter worth $23,023,000. Geode Capital Management LLC raised its holdings in Tellurian by 15.2% in the 3rd 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 in the last quarter. Barclays PLC lifted 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 valued at $9,899,000 after acquiring an additional 2,714,339 shares during the period. Finally, State Street Corp increased its position in shares of 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 purchasing an additional 7,254,477 shares during the period. 48.87% of the stock is 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.