TELL Stock News: Tellurian drops lower as broader markets sink further into despair
Premium|Take advantage of 50% OFF on your first month.
Start your subscription and get access to all our original articles.
You have reached your limit of 5 free articles for this month.
Get Premium without limits for only $479.76 for the first month
Access all our articles, insights, and analysts.
UNLOCK OFFER- NYSEAMERICAN:TELL fell by 3.35% during Tuesday’s trading session.
- LNG stocks were mixed on Tuesday despite the bearish sell off.
- Tellurian receives a revised upgrade from Zacks Investment Research.
NYSEAMERICAN:TELL slipped lower once again as Monday’s market reversal was short-lived. On Tuesday, shares of TELL dipped by 3.35% and closed the trading day at $4.91. For now, Tellurian remains trading above both its key 50-day and 200-day moving averages, which indicates the stock is still trending in the right direction. The same cannot be said for the broader markets as all three major indices plunged further on Tuesday ahead of the first big tech earnings from Alphabet (NASDAQ:GOOGL) and Microsoft (NASDAQ:MSFT). The Dow Jones sank by 809 basis points, while the S&P 500 and NASDAQ dropped by 2.81% and 3.95% respectively during the session.
Stay up to speed with hot stocks' news!
LNG stocks were mixed on Tuesday despite energy futures trading higher as crude oil prices rebounded and natural gas continued to show strength. Companies like Chesapeake Energy (NASDAQ:CHK) and Pioneer Natural Resources (NYSE:PXD) were below water alongside Tellurian. One LNG stock that was flying higher was the US leader, Cheniere Energy (NYSEAMERICAN:LNG), which announced that its board had approved a quarterly dividend for its shareholders. The dividend will be in the amount of $0.33 per common share and will be payable to shareholders on May 17th who were on record as shareholders as of May 10th.
TELL stock news
Tellurian received an upgrade from Zacks Investment Research on Tuesday. Just weeks after the firm lowered its rating from a Hold to a Sell. It seems that all it took was a few bearish sessions, as now Zacks has a rating of Hold once again for the stock. The stock currently has a consensus Buy rating from analysts and a one-year median price target of $6.24.
- NYSEAMERICAN:TELL fell by 3.35% during Tuesday’s trading session.
- LNG stocks were mixed on Tuesday despite the bearish sell off.
- Tellurian receives a revised upgrade from Zacks Investment Research.
NYSEAMERICAN:TELL slipped lower once again as Monday’s market reversal was short-lived. On Tuesday, shares of TELL dipped by 3.35% and closed the trading day at $4.91. For now, Tellurian remains trading above both its key 50-day and 200-day moving averages, which indicates the stock is still trending in the right direction. The same cannot be said for the broader markets as all three major indices plunged further on Tuesday ahead of the first big tech earnings from Alphabet (NASDAQ:GOOGL) and Microsoft (NASDAQ:MSFT). The Dow Jones sank by 809 basis points, while the S&P 500 and NASDAQ dropped by 2.81% and 3.95% respectively during the session.
Stay up to speed with hot stocks' news!
LNG stocks were mixed on Tuesday despite energy futures trading higher as crude oil prices rebounded and natural gas continued to show strength. Companies like Chesapeake Energy (NASDAQ:CHK) and Pioneer Natural Resources (NYSE:PXD) were below water alongside Tellurian. One LNG stock that was flying higher was the US leader, Cheniere Energy (NYSEAMERICAN:LNG), which announced that its board had approved a quarterly dividend for its shareholders. The dividend will be in the amount of $0.33 per common share and will be payable to shareholders on May 17th who were on record as shareholders as of May 10th.
TELL stock news
Tellurian received an upgrade from Zacks Investment Research on Tuesday. Just weeks after the firm lowered its rating from a Hold to a Sell. It seems that all it took was a few bearish sessions, as now Zacks has a rating of Hold once again for the stock. The stock currently has a consensus Buy rating from analysts and a one-year median price target of $6.24.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.