Tellurian (NYSEAMERICAN:TELL) Stock Passes Above 200 Day Moving Average of $0.00

Shares of Tellurian Inc. (NYSEAMERICAN:TELL - Get Free Report) passed 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 $0.62. Tellurian shares last traded at $0.58, with a volume of 55,329,566 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley decreased their price objective on Tellurian from $2.50 to $1.00 and set an "equal weight" rating for the company in a report on Tuesday, February 13th.

Tellurian Price Performance

The company has a market capitalization of $376.90 million, a P/E ratio of -2.05 and a beta of 2.36. The stock's fifty day moving average is $0.85. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.77.

Tellurian (NYSEAMERICAN:TELL - Get Free Report) last announced its earnings results on Friday, February 23rd. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, beating 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 business had revenue of $39.96 million for the quarter, compared to analyst estimates of $55.22 million. As a group, equities analysts expect that Tellurian Inc. will post -0.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Tellurian

Large investors have recently added to or reduced their stakes in the business. State Street Corp raised its holdings in Tellurian by 27.3% in the second quarter. State Street Corp now owns 36,631,488 shares of the oil and gas producer's stock valued at $109,162,000 after buying an additional 7,856,617 shares during the period. Millennium Management LLC raised its holdings in Tellurian by 322.9% in the fourth quarter. Millennium Management LLC now owns 5,251,850 shares of the oil and gas producer's stock valued at $8,823,000 after buying an additional 4,009,966 shares during the period. BlackRock Inc. raised its holdings in Tellurian by 9.4% in the second quarter. BlackRock Inc. now owns 37,877,094 shares of the oil and gas producer's stock valued at $53,407,000 after buying an additional 3,254,263 shares during the period. Two Sigma Investments LP raised its holdings in Tellurian by 269.2% in the first quarter. Two Sigma Investments LP now owns 4,378,248 shares of the oil and gas producer's stock valued at $5,385,000 after buying an additional 3,192,368 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Tellurian by 211.6% in the first quarter. Goldman Sachs Group Inc. now owns 2,792,885 shares of the oil and gas producer's stock valued at $14,802,000 after buying an additional 1,896,469 shares during the period. 48.87% of the stock is owned by institutional investors and hedge funds.

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.