Shares of Tetra Technologies, Inc. (NYSE:TTI) have been assigned a consensus recommendation of “Buy” from the sixteen analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $5.34.
Several brokerages have issued reports on TTI. Royal Bank Of Canada set a $5.00 target price on Tetra Technologies and gave the company a “hold” rating in a research report on Friday, June 16th. Zacks Investment Research lowered Tetra Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. BidaskClub lowered Tetra Technologies from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. ValuEngine lowered Tetra Technologies from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Finally, Morgan Stanley dropped their target price on Tetra Technologies from $5.50 to $4.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 21st.
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Tetra Technologies (NYSE:TTI) traded down 2.84% during midday trading on Wednesday, reaching $2.05. The company’s stock had a trading volume of 2,113,689 shares. The firm’s market cap is $237.59 million. The company’s 50-day moving average is $2.26 and its 200 day moving average is $3.17. Tetra Technologies has a 12-month low of $1.85 and a 12-month high of $6.34.
Tetra Technologies (NYSE:TTI) last announced its earnings results on Wednesday, August 9th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. Tetra Technologies had a negative net margin of 8.27% and a negative return on equity of 9.56%. The business had revenue of $208.37 million for the quarter, compared to analysts’ expectations of $204.19 million. During the same quarter last year, the firm earned ($0.15) EPS. The firm’s quarterly revenue was up 18.6% on a year-over-year basis. Equities analysts forecast that Tetra Technologies will post ($0.18) earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ramsey Quantitative Systems purchased a new stake in shares of Tetra Technologies in the second quarter valued at approximately $666,000. Municipal Employees Retirement System of Michigan raised its stake in Tetra Technologies by 23.7% in the first quarter. Municipal Employees Retirement System of Michigan now owns 26,270 shares of the oil and gas company’s stock worth $107,000 after buying an additional 5,030 shares in the last quarter. Mason Street Advisors LLC raised its stake in Tetra Technologies by 7.8% in the first quarter. Mason Street Advisors LLC now owns 27,039 shares of the oil and gas company’s stock worth $110,000 after buying an additional 1,961 shares in the last quarter. Karp Capital Management Corp bought a new position in Tetra Technologies in the first quarter worth approximately $121,000. Finally, Gotham Asset Management LLC bought a new position in Tetra Technologies in the first quarter worth approximately $128,000. Hedge funds and other institutional investors own 91.02% of the company’s stock.
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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