TETRA Technologies, Inc. (NYSE:TTI) – Equities research analysts at Capital One Financial dropped their FY2019 EPS estimates for TETRA Technologies in a research report issued on Wednesday. Capital One Financial analyst L. Lemoine now expects that the oil and gas company will post earnings per share of $0.11 for the year, down from their previous forecast of $0.12.
TTI has been the subject of a number of other reports. Royal Bank of Canada set a $5.00 price target on shares of TETRA Technologies and gave the company a “hold” rating in a report on Thursday, December 21st. Credit Suisse Group upped 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. Zacks Investment Research downgraded shares of TETRA Technologies from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Scotiabank downgraded shares of TETRA Technologies to a “hold” rating in a report on Thursday, January 11th. Finally, Morgan Stanley upped their price target on shares of TETRA Technologies from $3.00 to $4.00 and gave the company an “equal weight” rating in a report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $5.00.
Shares of TETRA Technologies (NYSE:TTI) traded up $0.12 during midday trading on Thursday, reaching $3.71. 631,962 shares of the company’s stock were exchanged, compared to its average volume of 849,145. TETRA Technologies has a 52 week low of $1.85 and a 52 week high of $4.77. The company has a quick ratio of 1.38, a current ratio of 2.24 and a debt-to-equity ratio of 1.63. The firm has a market cap of $419.51, a P/E ratio of -8.93 and a beta of 0.77.
Hedge funds have recently bought and sold shares of the business. Energy Opportunities Capital Management LLC purchased a new stake in TETRA Technologies during the fourth quarter valued at about $100,000. Stone Ridge Asset Management LLC purchased a new stake in TETRA Technologies during the fourth quarter valued at about $107,000. Two Sigma Advisers LP purchased a new stake in TETRA Technologies during the fourth quarter valued at about $134,000. Teacher Retirement System of Texas purchased a new stake in TETRA Technologies during the fourth quarter valued at about $167,000. Finally, CNA Financial Corp purchased a new stake in TETRA Technologies during the fourth quarter valued at about $177,000. 91.30% 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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