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

Shares of Tellurian Inc. (NYSEAMERICAN:TELL) 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 $1.00. Tellurian shares last traded at $1.00, with a volume of 72,335,900 shares traded.

Tellurian Stock Up 0.2 %

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 debt-to-equity ratio of 0.38, a quick ratio of 0.27 and a current ratio of 0.27.

Institutional Trading of Tellurian

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC increased its holdings in Tellurian by 174.5% in the second quarter. Millennium Management LLC now owns 14,833,537 shares of the oil and gas producer’s stock valued at $10,274,000 after buying an additional 9,430,606 shares in the last quarter. Algert Global LLC acquired a new stake in Tellurian in the 2nd quarter valued at $49,000. Sanctuary Advisors LLC purchased a new position in Tellurian in the 2nd quarter worth approximately $37,000. Cubist Systematic Strategies LLC boosted its position in Tellurian by 16.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 205,672 shares of the oil and gas producer’s stock valued at $142,000 after buying an additional 28,301 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Tellurian by 312.6% during the 3rd quarter. SG Americas Securities LLC now owns 91,912 shares of the oil and gas producer’s stock valued at $89,000 after buying an additional 69,634 shares during the last quarter. 48.87% of the stock is owned by hedge funds and other institutional investors.

About Tellurian

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.