Tellurian (NYSEAMERICAN:TELL) Shares Cross Above 200-Day Moving Average – Time to Sell?

Shares of Tellurian Inc. (NYSEAMERICAN:TELL) 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 trading hands.

Tellurian Price Performance

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

Hedge Funds Weigh In On Tellurian

Several hedge funds and other institutional investors have recently modified their holdings of TELL. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its holdings in Tellurian by 83.1% in the 3rd 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 worth $35,000 after purchasing an additional 16,218 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Tellurian in the second quarter worth about $37,000. OLD National Bancorp IN bought a new position in Tellurian in the third quarter worth about $39,000. Vanguard Personalized Indexing Management LLC lifted its holdings in 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 buying an additional 28,236 shares during the period. Finally, Tanglewood Legacy Advisors LLC boosted its position in Tellurian by 82.1% during the 3rd 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. 48.87% of the stock is 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.