TETRA Technologies (TTI) Stock Rating Reaffirmed by Scotia Howard Weill

TETRA Technologies (NYSE:TTI)‘s stock had its “sector perform” rating reissued by equities researchers at Scotia Howard Weill in a research note issued to investors on Friday, January 12th.

Other research analysts have also issued reports about the stock. Loop Capital raised their target price 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. Wells Fargo & Co raised their target price on shares of TETRA Technologies from $3.50 to $5.00 and gave the company an “outperform” rating in a report on Friday, November 10th. ValuEngine raised shares of TETRA Technologies from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 14th. Zacks Investment Research raised shares of TETRA Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, Royal Bank of Canada set a $3.00 target price on shares of TETRA Technologies and gave the company a “hold” rating in a report on Saturday, October 7th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $5.00.

Shares of TETRA Technologies (NYSE TTI) traded down $0.17 on Friday, reaching $3.81. 1,100,000 shares of the company’s stock were exchanged, compared to its average volume of 785,661. 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 twelve month low of $1.85 and a twelve month high of $5.09. The stock has a market cap of $441.53, a price-to-earnings ratio of -8.86 and a beta of 0.77.

TETRA Technologies (NYSE:TTI) last posted its earnings results on Thursday, November 9th. The oil and gas company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $216.36 million during the quarter, compared to analyst estimates of $218.65 million. During the same period last year, the firm 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 research analysts expect that TETRA Technologies will post -0.15 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its position in TETRA Technologies by 3,012.3% in the second quarter. JPMorgan Chase & Co. now owns 46,187 shares of the oil and gas company’s stock worth $129,000 after buying an additional 44,703 shares during the last quarter. Cubist Systematic Strategies LLC lifted its position in TETRA Technologies by 326.0% in the second quarter. Cubist Systematic Strategies LLC now owns 47,942 shares of the oil and gas company’s stock worth $134,000 after buying an additional 36,687 shares during the last quarter. GSA Capital Partners LLP lifted its position in TETRA Technologies by 73.7% in the second quarter. GSA Capital Partners LLP now owns 57,037 shares of the oil and gas company’s stock worth $159,000 after buying an additional 24,198 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in TETRA Technologies by 68.0% in the third quarter. BNP Paribas Arbitrage SA now owns 58,889 shares of the oil and gas company’s stock worth $168,000 after buying an additional 23,839 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its position in TETRA Technologies by 26.7% in the second quarter. UBS Asset Management Americas Inc. now owns 74,549 shares of the oil and gas company’s stock worth $208,000 after buying an additional 15,700 shares during the last quarter. Institutional investors own 90.22% of the company’s stock.

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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.

Analyst Recommendations for TETRA Technologies (NYSE:TTI)

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