Tellurian (NYSEAMERICAN:TELL) Share Price Crosses Above Two Hundred Day Moving Average of $0.00

Tellurian Inc. (NYSEAMERICAN:TELL)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $0.45. Tellurian shares last traded at $0.41, with a volume of 43,597,233 shares changing hands.

Analysts Set New Price Targets

Separately, Morgan Stanley dropped their target price on shares of Tellurian from $2.50 to $1.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 13th.

Tellurian Stock Performance

The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.77. The company has a market cap of $259.84 million, a P/E ratio of -1.41 and a beta of 2.33. The stock has a 50-day simple moving average of $0.79.

Tellurian (NYSEAMERICAN:TELL) last posted its quarterly earnings results on Friday, February 23rd. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.03. Tellurian had a negative net margin of 100.03% and a negative return on equity of 22.05%. The company had revenue of $39.96 million for the quarter, compared to analyst estimates of $55.22 million. Equities research analysts forecast that Tellurian Inc. will post -0.21 earnings per share for the current year.

Institutional Trading of Tellurian

Several institutional investors have recently made changes to their positions in the business. Kestra Private Wealth Services LLC boosted its position in shares of Tellurian by 70.8% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 41,000 shares of the oil and gas producer’s stock valued at $48,000 after acquiring an additional 17,000 shares in the last quarter. Traynor Capital Management Inc. boosted its position in Tellurian by 141.3% in the fourth quarter. Traynor Capital Management Inc. now owns 34,158 shares of the oil and gas producer’s stock valued at $26,000 after buying an additional 20,000 shares in the last quarter. Principal Financial Group Inc. boosted its position in Tellurian by 36.6% in the third quarter. Principal Financial Group Inc. now owns 77,870 shares of the oil and gas producer’s stock valued at $90,000 after buying an additional 20,872 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Tellurian by 66.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 53,788 shares of the oil and gas producer’s stock valued at $41,000 after buying an additional 21,518 shares in the last quarter. Finally, Heritage Wealth Partners LLC acquired a new position in Tellurian in the third quarter valued at about $34,000. 48.87% of the stock is currently 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.