Tellurian (NYSEAMERICAN:TELL) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Tellurian Inc. (NYSEAMERICAN:TELL) passed above its two hundred day moving average during trading on Tuesday . 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 Trading Up 0.2 %

The business’s fifty day moving average price is $0.95. The company has a market capitalization of $892.85 million, a price-to-earnings ratio of -3.33 and a beta of 2.56. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.38.

Hedge Funds Weigh In On Tellurian

A number of institutional investors have recently added to or reduced their stakes in TELL. Hilltop Holdings Inc. bought a new position in shares of Tellurian in the 3rd quarter worth $68,000. Murchinson Ltd. bought a new position in Tellurian in the third quarter valued at $195,000. Verition Fund Management LLC purchased a new stake in Tellurian during the third quarter valued at about $387,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Tellurian during the third quarter worth about $2,867,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Tellurian by 540.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,133,012 shares of the oil and gas producer’s stock worth $4,001,000 after purchasing an additional 3,487,583 shares in the last quarter. 48.87% of the stock is currently owned by institutional investors.

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.