TETRA Technologies, Inc. (NYSE:TTI) has received a consensus recommendation of “Hold” from the ten analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $5.60.
TTI has been the topic of several research analyst reports. Zacks Investment Research raised shares of TETRA Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, March 14th. ValuEngine downgraded shares of TETRA Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Finally, Stifel Nicolaus set a $4.00 price objective on shares of TETRA Technologies and gave the company a “buy” rating in a report on Friday, May 10th.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of TETRA Technologies by 1.2% in the 4th quarter. BlackRock Inc. now owns 18,696,838 shares of the oil and gas company’s stock valued at $31,410,000 after acquiring an additional 218,452 shares during the last quarter. Prescott Group Capital Management L.L.C. acquired a new position in shares of TETRA Technologies in the 4th quarter valued at $5,731,000. FMR LLC lifted its stake in shares of TETRA Technologies by 103.3% in the 4th quarter. FMR LLC now owns 2,554,461 shares of the oil and gas company’s stock valued at $4,291,000 after purchasing an additional 1,298,000 shares during the period. D. E. Shaw & Co. Inc. lifted its stake in shares of TETRA Technologies by 21.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,567,855 shares of the oil and gas company’s stock valued at $2,634,000 after purchasing an additional 280,398 shares during the period. Finally, RK Capital Management LLC lifted its stake in shares of TETRA Technologies by 8.2% in the 1st quarter. RK Capital Management LLC now owns 1,481,824 shares of the oil and gas company’s stock valued at $3,467,000 after purchasing an additional 112,855 shares during the period. 81.40% of the stock is currently owned by institutional investors and hedge funds.
NYSE:TTI traded down $0.02 during trading hours on Tuesday, hitting $1.53. 12,276 shares of the company were exchanged, compared to its average volume of 524,114. The stock has a market cap of $194.70 million, a PE ratio of -30.80 and a beta of 1.84. TETRA Technologies has a 52-week low of $1.29 and a 52-week high of $5.11. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.87 and a quick ratio of 1.16. The company’s 50 day moving average is $1.76.
TETRA Technologies (NYSE:TTI) last released its earnings results on Thursday, May 9th. The oil and gas company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The company had revenue of $243.73 million for the quarter, compared to analysts’ expectations of $252.83 million. TETRA Technologies had a negative return on equity of 1.68% and a negative net margin of 1.88%. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.06) EPS. As a group, equities research analysts predict that TETRA Technologies will post -0.03 EPS for the current year.
About TETRA Technologies
TETRA Technologies, Inc, together with its subsidiaries, operates as a diversified oil and gas services company. The company's Completion Fluids segment manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, as well as in Latin America, Europe, Asia, the Middle East, and Africa.
Further Reading: Return on Investment (ROI)
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