Tellurian (NYSEAMERICAN:TELL) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

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 changing hands.

Tellurian Price 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 firm has a market cap of $892.85 million, a price-to-earnings ratio of -3.33 and a beta of 2.56.

Hedge Funds Weigh In On Tellurian

A number of institutional investors and hedge funds have recently made changes to their positions in TELL. Millennium Management LLC boosted its position in Tellurian by 174.5% during the second quarter. Millennium Management LLC now owns 14,833,537 shares of the oil and gas producer’s stock worth $10,274,000 after purchasing an additional 9,430,606 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Tellurian in the 2nd quarter worth about $627,000. Algert Global LLC purchased a new position in Tellurian during the 2nd quarter valued at about $49,000. Commonwealth Equity Services LLC increased its holdings 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 valued at $254,000 after acquiring an additional 40,281 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in Tellurian by 88.3% during 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 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.