Royal Bank of Canada set a $5.00 price objective on TETRA Technologies (NYSE:TTI) in a research report released on Thursday, December 21st. The firm currently has a hold rating on the oil and gas company’s stock.
Several other research analysts also recently commented on TTI. Zacks Investment Research downgraded shares of TETRA Technologies from a hold rating to a sell rating in a research note on Tuesday, October 17th. ValuEngine raised shares of TETRA Technologies from a strong sell rating to a sell rating in a research report on Tuesday, November 14th. Morgan Stanley raised their target price on shares of TETRA Technologies from $3.00 to $4.00 and gave the company an equal weight rating in a research report on Wednesday, November 15th. Loop Capital raised their price target on shares of TETRA Technologies from $5.00 to $6.00 and gave the company a buy rating in a report on Friday, November 10th. Finally, Wells Fargo & Co lifted their target price on shares of TETRA Technologies from $3.50 to $5.00 and gave the stock an outperform rating in a research note on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Hold and an average target price of $5.00.
TETRA Technologies (NYSE:TTI) opened at $4.39 on Thursday. TETRA Technologies has a 12-month low of $1.85 and a 12-month high of $5.09. The company has a market cap of $508.75, a price-to-earnings ratio of -10.21 and a beta of 0.99. 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 earnings results on Thursday, November 9th. The oil and gas company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ 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 business 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 posted ($0.05) earnings per share. The business’s revenue for the quarter was up 22.5% on a year-over-year basis. equities research analysts forecast 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. JPMorgan Chase & Co. increased its holdings in TETRA Technologies by 3,012.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 46,187 shares of the oil and gas company’s stock worth $129,000 after acquiring an additional 44,703 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in TETRA Technologies by 326.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 47,942 shares of the oil and gas company’s stock worth $134,000 after purchasing an additional 36,687 shares during the last quarter. GSA Capital Partners LLP boosted its stake in TETRA Technologies by 73.7% during the 2nd quarter. GSA Capital Partners LLP now owns 57,037 shares of the oil and gas company’s stock worth $159,000 after purchasing an additional 24,198 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in TETRA Technologies by 68.0% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 58,889 shares of the oil and gas company’s stock worth $168,000 after purchasing an additional 23,839 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake 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 purchasing an additional 200 shares during the last quarter. 90.55% of the stock is owned by institutional investors.
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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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