Media headlines about Tetra Technologies (NYSE:TTI) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tetra Technologies earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 45.9839528262315 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
TTI has been the topic of a number of recent research reports. Piper Jaffray Companies set a $4.00 price objective on shares of Tetra Technologies and gave the company a “buy” rating in a research note on Wednesday, October 11th. Scotiabank set a $4.00 price objective on shares of Tetra Technologies and gave the company a “buy” rating in a research note on Tuesday, August 22nd. Loop Capital increased their price objective on shares of Tetra Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Zacks Investment Research upgraded shares of Tetra Technologies from a “hold” rating to a “buy” rating and set a $4.00 price objective on the stock in a research note on Thursday, November 16th. Finally, Morgan Stanley increased their price objective on shares of Tetra Technologies from $3.00 to $4.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $4.73.
Tetra Technologies (TTI) traded down $0.02 during trading hours on Monday, reaching $4.11. 1,864,496 shares of the company were exchanged, compared to its average volume of 1,312,538. Tetra Technologies has a 12 month low of $1.85 and a 12 month high of $5.98. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.24 and a quick ratio of 1.38.
Tetra Technologies (NYSE:TTI) last posted its earnings results on Thursday, November 9th. The oil and gas company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.06. Tetra Technologies had a negative net margin of 5.47% and a negative return on equity of 6.89%. The company had revenue of $216.36 million during the quarter, compared to analysts’ expectations of $218.65 million. During the same quarter in the prior year, the company posted ($0.05) earnings per share. Tetra Technologies’s revenue for the quarter was up 22.5% compared to the same quarter last year. equities analysts anticipate that Tetra Technologies will post -0.16 EPS for the current fiscal year.
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Tetra Technologies Company Profile
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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