Piper Jaffray Companies set a $5.00 target price on TETRA Technologies (NYSE:TTI) in a research note issued to investors on Friday, December 29th. The firm currently has a buy rating on the oil and gas company’s stock.
A number of other equities analysts have also issued reports on TTI. ValuEngine raised shares of TETRA Technologies from a strong sell rating to a sell rating in a research report on Tuesday, November 14th. Royal Bank of Canada set a $3.00 target price on shares of TETRA Technologies and gave the stock a hold rating in a research report on Saturday, October 7th. JPMorgan Chase & Co. lowered shares of TETRA Technologies from an overweight rating to a neutral rating in a report on Tuesday, September 12th. Zacks Investment Research raised shares of TETRA Technologies from a hold rating to a buy rating and set a $4.00 price target on the stock in a report on Thursday, November 16th. Finally, Credit Suisse Group boosted their price target on shares of TETRA Technologies from $3.50 to $4.00 and gave the company an outperform rating in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $5.00.
Shares of TETRA Technologies (NYSE:TTI) opened at $4.39 on Friday. TETRA Technologies has a one year low of $1.85 and a one year high of $5.09. The stock has a market cap of $508.75, a P/E ratio of -10.21 and a beta of 0.99. 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 released its quarterly 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 for the quarter, compared to analyst estimates of $218.65 million. During the same quarter last year, the firm posted ($0.05) earnings per share. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. equities research analysts predict that TETRA Technologies will post -0.14 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of TTI. Teachers Advisors LLC lifted its position in TETRA Technologies by 46.4% during the 1st quarter. Teachers Advisors LLC now owns 259,792 shares of the oil and gas company’s stock worth $1,057,000 after buying an additional 82,388 shares in the last quarter. Aperio Group LLC lifted its position in TETRA Technologies by 292.2% during the 2nd quarter. Aperio Group LLC now owns 116,833 shares of the oil and gas company’s stock worth $326,000 after buying an additional 87,042 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in TETRA Technologies by 14.9% during the 2nd quarter. Great West Life Assurance Co. Can now owns 173,948 shares of the oil and gas company’s stock worth $485,000 after buying an additional 22,500 shares in the last quarter. Arizona State Retirement System lifted its position in TETRA Technologies by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 60,490 shares of the oil and gas company’s stock worth $169,000 after buying an additional 200 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in TETRA Technologies by 9.7% during the 2nd quarter. Rhumbline Advisers now owns 227,971 shares of the oil and gas company’s stock worth $636,000 after buying an additional 20,066 shares in the last quarter. Institutional investors and hedge funds own 90.55% of the company’s stock.
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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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