Tellurian (NYSEAMERICAN:TELL) Shares Cross Above 200 Day Moving Average of $0.00

Tellurian Inc. (NYSEAMERICAN:TELL - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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.

Wall Street Analyst Weigh In

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

Tellurian Stock Up 6.5 %

The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $276.85 million, a price-to-earnings ratio of -1.50 and a beta of 2.33. The firm's fifty day moving average is $0.77.

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

Hedge Funds Weigh In On Tellurian

A number of hedge funds and other institutional investors have recently bought and sold shares of TELL. Barclays PLC bought a new position in Tellurian in the second quarter valued at approximately $69,000. SG Americas Securities LLC boosted its stake in Tellurian by 576.8% in the third quarter. SG Americas Securities LLC now owns 232,967 shares of the oil and gas producer's stock valued at $270,000 after acquiring an additional 198,546 shares during the last quarter. Heritage Wealth Partners LLC bought a new position in Tellurian in the third quarter valued at approximately $34,000. Principal Financial Group Inc. boosted its stake 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 acquiring an additional 20,872 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its stake in Tellurian by 20.7% in the third quarter. New York State Common Retirement Fund now owns 454,950 shares of the oil and gas producer's stock valued at $528,000 after acquiring an additional 77,997 shares during 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.