Piper Jaffray Companies Analysts Give Tetra Technologies, Inc. (TTI) a $4.00 Price Target

Piper Jaffray Companies set a $4.00 price objective on Tetra Technologies, Inc. (NYSE:TTI) in a research note issued to investors on Wednesday. The brokerage currently has a buy rating on the oil and gas company’s stock.

A number of other brokerages have also recently commented on TTI. Royal Bank Of Canada set a $5.00 target price on Tetra Technologies and gave the stock a hold rating in a report on Friday, June 16th. 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 report on Wednesday, June 21st. BidaskClub cut Tetra Technologies from a sell rating to a strong sell rating in a report on Thursday, July 27th. Zacks Investment Research cut Tetra Technologies from a hold rating to a sell rating in a report on Thursday, July 13th. Finally, ValuEngine cut Tetra Technologies from a sell rating to a strong sell rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $5.17.

Shares of Tetra Technologies (TTI) traded down 1.83% during mid-day trading on Wednesday, reaching $2.68. The company’s stock had a trading volume of 620,977 shares. The company’s 50-day moving average price is $2.47 and its 200-day moving average price is $2.91. Tetra Technologies has a 12-month low of $1.85 and a 12-month high of $6.34. The stock’s market capitalization is $310.60 million.

Tetra Technologies (NYSE:TTI) last released its quarterly earnings data on Wednesday, August 9th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.03). The firm had revenue of $208.37 million during the quarter, compared to the consensus estimate of $204.19 million. Tetra Technologies had a negative return on equity of 9.56% and a negative net margin of 8.27%. The business’s revenue was up 18.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.15) EPS. On average, equities research analysts forecast that Tetra Technologies will post ($0.18) earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Piper Jaffray Companies Analysts Give Tetra Technologies, Inc. (TTI) a $4.00 Price Target” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/14/piper-jaffray-companies-analysts-give-tetra-technologies-inc-tti-a-4-00-price-target.html.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Prudential Financial Inc. boosted its holdings in Tetra Technologies by 1.6% during the 1st quarter. Prudential Financial Inc. now owns 193,810 shares of the oil and gas company’s stock valued at $789,000 after acquiring an additional 3,080 shares during the period. Engineers Gate Manager LP purchased a new position in Tetra Technologies during the 2nd quarter valued at $356,000. Viking Fund Management LLC boosted its holdings in Tetra Technologies by 13.2% during the 2nd quarter. Viking Fund Management LLC now owns 600,000 shares of the oil and gas company’s stock valued at $1,674,000 after acquiring an additional 70,000 shares during the period. Comerica Bank boosted its holdings in Tetra Technologies by 35.1% during the 1st quarter. Comerica Bank now owns 164,397 shares of the oil and gas company’s stock valued at $559,000 after acquiring an additional 42,721 shares during the period. Finally, Citadel Advisors LLC boosted its holdings in Tetra Technologies by 36.5% dur

A number of other brokerages have also recently commented on TTI. Royal Bank Of Canada set a $5.00 target price on Tetra Technologies and gave the stock a hold rating in a report on Friday, June 16th. 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 report on Wednesday, June 21st. BidaskClub cut Tetra Technologies from a sell rating to a strong sell rating in a report on Thursday, July 27th. Zacks Investment Research cut Tetra Technologies from a hold rating to a sell rating in a report on Thursday, July 13th. Finally, ValuEngine cut Tetra Technologies from a sell rating to a strong sell rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $5.17.

Shares of Tetra Technologies (TTI) traded down 1.83% during mid-day trading on Wednesday, reaching $2.68. The company’s stock had a trading volume of 620,977 shares. The company’s 50-day moving average price is $2.47 and its 200-day moving average price is $2.91. Tetra Technologies has a 12-month low of $1.85 and a 12-month high of $6.34. The stock’s market capitalization is $310.60 million.

Tetra Technologies (NYSE:TTI) last released its quarterly earnings data on Wednesday, August 9th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.03). The firm had revenue of $208.37 million during the quarter, compared to the consensus estimate of $204.19 million. Tetra Technologies had a negative return on equity of 9.56% and a negative net margin of 8.27%. The business’s revenue was up 18.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.15) EPS. On average, equities research analysts forecast that Tetra Technologies will post ($0.18) earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Piper Jaffray Companies Analysts Give Tetra Technologies, Inc. (TTI) a $4.00 Price Target” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/14/piper-jaffray-companies-analysts-give-tetra-technologies-inc-tti-a-4-00-price-target.html.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Prudential Financial Inc. boosted its holdings in Tetra Technologies by 1.6% during the 1st quarter. Prudential Financial Inc. now owns 193,810 shares of the oil and gas company’s stock valued at $789,000 after acquiring an additional 3,080 shares during the period. Engineers Gate Manager LP purchased a new position in Tetra Technologies during the 2nd quarter valued at $356,000. Viking Fund Management LLC boosted its holdings in Tetra Technologies by 13.2% during the 2nd quarter. Viking Fund Management LLC now owns 600,000 shares of the oil and gas company’s stock valued at $1,674,000 after acquiring an additional 70,000 shares during the period. Comerica Bank boosted its holdings in Tetra Technologies by 35.1% during the 1st quarter. Comerica Bank now owns 164,397 shares of the oil and gas company’s stock valued at $559,000 after acquiring an additional 42,721 shares during the period. Finally, Citadel Advisors LLC boosted its holdings in Tetra Technologies by 36.5% during the 1st quarter. Citadel Advisors LLC now owns 886,229 shares of the oil and gas company’s stock valued at $3,606,000 after acquiring an additional 237,132 shares during the period. Institutional investors own 91.01% of the company’s stock.

About Tetra Technologies

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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