Tellurian (NYSEAMERICAN:TELL) Shares Pass Above 200 Day Moving Average – Should You Sell?

Tellurian Inc. (NYSEAMERICAN:TELL) shares passed 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.

Tellurian Stock Up 0.2 %

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

Institutional Trading of Tellurian

Several institutional investors and hedge funds have recently made changes to their positions in TELL. Millennium Management LLC raised its stake in shares of 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 acquiring an additional 9,430,606 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Tellurian in the 2nd quarter worth $627,000. Algert Global LLC bought a new stake in Tellurian in the second quarter worth $49,000. Commonwealth Equity Services LLC lifted its stake in Tellurian by 12.4% in the second quarter. Commonwealth Equity Services LLC now owns 366,020 shares of the oil and gas producer’s stock worth $254,000 after purchasing an additional 40,281 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted 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 valued at $42,000 after buying an additional 28,236 shares during the period. Hedge funds and other institutional investors own 48.87% of the company’s stock.

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.