Press coverage about Tetra Technologies (NYSE:TTI) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tetra Technologies earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 45.9810280374095 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
Shares of Tetra Technologies (NYSE:TTI) opened at 2.70 on Friday. Tetra Technologies has a 52 week low of $1.85 and a 52 week high of $5.98. The company’s 50 day moving average price is $2.60 and its 200-day moving average price is $2.83. The stock’s market capitalization is $312.92 million.
Tetra Technologies (NYSE:TTI) last issued its quarterly earnings data on Wednesday, August 9th. The oil and gas company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.03). Tetra Technologies had a negative net margin of 8.27% and a negative return on equity of 9.56%. The firm had revenue of $208.37 million during the quarter, compared to analyst estimates of $204.19 million. During the same period in the previous year, the firm posted ($0.15) earnings per share. The company’s quarterly revenue was up 18.6% compared to the same quarter last year. Equities research analysts predict that Tetra Technologies will post ($0.18) EPS for the current year.
Several equities analysts have commented on the company. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $3.25 price objective on shares of Tetra Technologies in a research report on Thursday, July 20th. BidaskClub downgraded Tetra Technologies from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Piper Jaffray Companies set a $4.00 price objective on Tetra Technologies and gave the company a “buy” rating in a research report on Wednesday, October 11th. Zacks Investment Research cut Tetra Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Finally, ValuEngine cut Tetra Technologies from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $5.17.
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About Tetra Technologies
TETRA Technologies, Inc is an oil and gas services company. The Company focuses on completion fluids and associated products and services, water management, production well testing, offshore rig cooling, compression services and equipment, and offshore services, such as decommissioning and diving. It is composed of five segments organized into four divisions: Fluids, Production Testing, Compression and Offshore.
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