TETRA Technologies (NYSE:TTI)‘s stock had its “sector perform” rating reissued by stock analysts at Scotia Howard Weill in a note issued to investors on Friday, January 12th.
Other analysts have also issued research reports about the stock. Loop Capital lifted their target price on shares of TETRA Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Piper Jaffray Companies set a $4.00 target price on shares of TETRA Technologies and gave the stock a “buy” rating in a report on Wednesday, October 11th. Zacks Investment Research raised shares of TETRA Technologies from a “hold” rating to a “buy” rating and set a $4.00 target price for the company in a report on Thursday, November 16th. Morgan Stanley lifted their target price on shares of TETRA Technologies from $3.00 to $4.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 15th. Finally, Royal Bank of Canada set a $5.00 target price on shares of TETRA Technologies and gave the stock a “hold” rating in a report on Thursday, December 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $5.00.
Shares of TETRA Technologies (TTI) opened at $4.09 on Friday. The firm has a market cap of $473.98, a P/E ratio of -9.51 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 has a fifty-two week low of $1.85 and a fifty-two week high of $5.09.
TETRA Technologies (NYSE:TTI) last posted its quarterly earnings data on Thursday, November 9th. The oil and gas company reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.06. The company had revenue of $216.36 million during the quarter, compared to analyst estimates of $218.65 million. TETRA Technologies had a negative net margin of 5.47% and a negative return on equity of 6.89%. The company’s revenue was up 22.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.05) earnings per share. equities research analysts forecast that TETRA Technologies will post -0.14 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of TTI. Rhumbline Advisers increased its stake in TETRA Technologies by 9.7% in the 2nd quarter. Rhumbline Advisers now owns 227,971 shares of the oil and gas company’s stock valued at $636,000 after buying an additional 20,066 shares during the last quarter. Bank of New York Mellon Corp increased its stake in TETRA Technologies by 2.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,696,129 shares of the oil and gas company’s stock valued at $4,732,000 after buying an additional 46,085 shares during the last quarter. Legal & General Group Plc increased its stake in TETRA Technologies by 12.2% in the 2nd quarter. Legal & General Group Plc now owns 216,791 shares of the oil and gas company’s stock valued at $605,000 after buying an additional 23,533 shares during the last quarter. American Century Companies Inc. acquired a new stake in TETRA Technologies in the 2nd quarter valued at $731,000. Finally, Principal Financial Group Inc. increased its stake in TETRA Technologies by 0.3% in the 2nd quarter. Principal Financial Group Inc. now owns 901,989 shares of the oil and gas company’s stock valued at $2,517,000 after buying an additional 2,786 shares during the last quarter. 90.55% of the stock is currently owned by institutional investors and hedge funds.
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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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