TETRA Technologies, Inc. (NYSE:TTI) has been given an average recommendation of “Hold” by the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $3.25.
Separately, Zacks Investment Research cut shares of TETRA Technologies from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 9th.
TETRA Technologies stock traded down $0.02 during mid-day trading on Tuesday, reaching $1.24. The company had a trading volume of 15,572 shares, compared to its average volume of 686,741. The company has a quick ratio of 1.07, a current ratio of 1.74 and a debt-to-equity ratio of 3.31. TETRA Technologies has a 52 week low of $1.11 and a 52 week high of $2.68. The company has a 50 day moving average of $1.46 and a 200-day moving average of $1.64. The firm has a market cap of $158.18 million, a price-to-earnings ratio of -25.00 and a beta of 1.74.
TETRA Technologies (NYSE:TTI) last released its quarterly earnings data on Thursday, November 7th. The oil and gas company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03). The business had revenue of $245.95 million for the quarter, compared to the consensus estimate of $276.47 million. TETRA Technologies had a negative return on equity of 3.75% and a negative net margin of 2.70%. TETRA Technologies’s revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.02) earnings per share. On average, analysts predict that TETRA Technologies will post -0.09 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of TTI. Paloma Partners Management Co acquired a new stake in TETRA Technologies in the 2nd quarter valued at about $26,000. Cubist Systematic Strategies LLC acquired a new stake in TETRA Technologies in the 2nd quarter valued at about $35,000. Jefferies Group LLC acquired a new stake in TETRA Technologies in the 2nd quarter valued at about $46,000. Jane Street Group LLC acquired a new stake in TETRA Technologies in the 2nd quarter valued at about $53,000. Finally, Emerald Mutual Fund Advisers Trust increased its position in TETRA Technologies by 59.5% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 27,076 shares of the oil and gas company’s stock valued at $54,000 after acquiring an additional 10,096 shares in the last quarter. Hedge funds and other institutional investors own 81.94% of the company’s stock.
TETRA Technologies Company Profile
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.
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