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

Tellurian Inc. (NYSEAMERICAN:TELL)’s stock price passed above its 200-day moving average during trading on Thursday . 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 Stock Performance

The company has a market cap of $892.85 million, a PE ratio of -3.33 and a beta of 2.56. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.27 and a quick ratio of 0.27.

Institutional Investors Weigh In On Tellurian

Several hedge funds and other institutional investors have recently modified their holdings of TELL. Arizona State Retirement System lifted its stake in shares of Tellurian by 6.8% during the 2nd quarter. Arizona State Retirement System now owns 197,131 shares of the oil and gas producer’s stock valued at $137,000 after buying an additional 12,516 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its holdings in Tellurian by 83.1% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 35,740 shares of the oil and gas producer’s stock valued at $35,000 after acquiring an additional 16,218 shares during the period. Tanglewood Legacy Advisors LLC lifted its position in shares of Tellurian by 82.1% in the third quarter. Tanglewood Legacy Advisors LLC now owns 47,703 shares of the oil and gas producer’s stock valued at $46,000 after acquiring an additional 21,500 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Tellurian by 88.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 60,204 shares of the oil and gas producer’s stock worth $42,000 after acquiring an additional 28,236 shares during the period. Finally, Cubist Systematic Strategies LLC grew its position in shares of Tellurian by 16.0% during the second quarter. Cubist Systematic Strategies LLC now owns 205,672 shares of the oil and gas producer’s stock worth $142,000 after purchasing an additional 28,301 shares in the last quarter. 48.87% of the stock is currently owned by hedge funds and other 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.