TELL Stock News: Tellurian drops lower as broader markets sink further into despair

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.

Stocks Reporter FXStreet

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.

Author

Stocks Reporter

FXStreet

AUD/USD sticks to positive bias above 0.7100; lacks bullish conviction

AUD/USD trades with a positive bias for the second straight day, holding above 0.7100 in the Asian session on Friday as softer US bond yields keep US Dollar bulls on the back foot. Furthermore, hawkish RBA Governor Bullock's comments boost rate hike bets and support the Aussie. However, the Fed's hawkish outlook, along with geopolitical uncertainties, limits USD losses and caps the pair.

USD/JPY approaches 158.00 as Japanese Yen resumes decline

USD/JPY is resuming its upside in the European session on Friday, refreshing two-week highs and nearing 158.00. The Japanese Yen extends losses, despite the Bank of Japan's (BoJ) expected rate hike to 1.25% and hawkish Governor Ueda's comments, as two surprise dissents against the rate hike weigh on it.

Gold keeps the bid tone in place; still below $4,400

Gold adds to the optimism seen in the second half of the week, trading with decent gains just below the $4,400 mark per troy ounce on Friday. The precious metal’s advance finds traction in declining crude oil prices and fresh selling pressure on the US Dollar.

Why altcoin season isn't coming back — and what stole its capital

If, after two years of being frozen in ice, Katara and Sokka woke you up to the crypto market, it would seem like 100 years have passed. With Bitcoin soaring to record highs just over a year ago, everyone expected a routine altcoin season, where investors take profits from the top crypto to chase higher returns in altcoins.

BoJ Recap: Not as hawkish as expected

The BoJ raised its short-term interest-rate target to 1.25% from 1.00% in a 7-2 vote, marking another step in the normalisation of monetary policy and widely matching what everyone has been expecting for weeks. Governor Kazuo Ueda said the policy phase had changed.

BoJ Recap: Not as hawkish as expected

The Bank of Japan (BoJ) raised its short-term interest-rate target to 1.25% from 1.00% in a 7-2 vote, marking another step in the normalisation of monetary policy and widely matching what everyone has been expecting for weeks.