Tellurian (NYSEAMERICAN:TELL) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Tellurian Inc. (NYSEAMERICAN:TELL)’s stock price crossed above its two hundred day moving average during trading on Thursday . 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 changing hands.

Tellurian Stock Performance

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its position in Tellurian by 12.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 366,020 shares of the oil and gas producer’s stock worth $254,000 after acquiring an additional 40,281 shares during the period. Arizona State Retirement System lifted its holdings in Tellurian by 6.8% in the second quarter. Arizona State Retirement System now owns 197,131 shares of the oil and gas producer’s stock worth $137,000 after purchasing an additional 12,516 shares during the period. PFG Investments LLC grew its position in Tellurian by 144.3% in the 2nd quarter. PFG Investments LLC now owns 235,230 shares of the oil and gas producer’s stock valued at $163,000 after buying an additional 138,925 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Tellurian by 88.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 60,204 shares of the oil and gas producer’s stock valued at $42,000 after buying an additional 28,236 shares during the period. Finally, XTX Topco Ltd raised its position in shares of Tellurian by 69.2% during the 2nd quarter. XTX Topco Ltd now owns 212,075 shares of the oil and gas producer’s stock worth $147,000 after buying an additional 86,714 shares in the last quarter. 48.87% of the stock is owned by institutional investors and hedge funds.

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.