News stories about Tetra Technologies (NYSE:TTI) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tetra Technologies earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 46.0557989331006 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
TTI has been the topic of a number of research analyst reports. Scotiabank set a $4.00 price objective on shares of Tetra Technologies and gave the stock a “buy” rating in a report on Tuesday, August 22nd. ValuEngine raised shares of Tetra Technologies from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 14th. Piper Jaffray Companies set a $4.00 price objective on shares of Tetra Technologies and gave the stock a “buy” rating in a report on Wednesday, October 11th. Royal Bank of Canada set a $3.00 price objective on shares of Tetra Technologies and gave the stock a “hold” rating in a report on Saturday, October 7th. Finally, J P Morgan Chase & Co downgraded shares of Tetra Technologies from an “overweight” rating to a “neutral” rating in a report on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $4.73.
Shares of Tetra Technologies (NYSE TTI) opened at $4.05 on Thursday. Tetra Technologies has a fifty-two week low of $1.85 and a fifty-two week high of $5.28. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.38 and a current ratio of 2.24.
Tetra Technologies (NYSE:TTI) last announced its quarterly earnings results on Thursday, November 9th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, beating the 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 for the quarter, compared to the consensus estimate of $218.65 million. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. sell-side analysts forecast that Tetra Technologies will post -0.14 EPS for the current year.
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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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