Tetra Technologies, Inc. (NYSE:TTI) had its price objective raised by Credit Suisse Group from $3.50 to $4.00 in a research report released on Friday. The brokerage currently has an outperform rating on the oil and gas company’s stock.
Other analysts have also issued research reports about the company. Loop Capital raised their target price on Tetra Technologies from $5.00 to $6.00 and gave the company a buy rating in a report on Friday. Wells Fargo & Company raised their target price on Tetra Technologies from $3.50 to $5.00 and gave the company an outperform rating in a report on Friday. J P Morgan Chase & Co lowered Tetra Technologies from an overweight rating to a neutral rating in a report on Tuesday, September 12th. Royal Bank Of Canada reaffirmed a hold rating and issued a $3.25 target price on shares of Tetra Technologies in a report on Thursday, July 20th. Finally, Zacks Investment Research lowered Tetra Technologies from a hold rating to a sell rating in a report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Tetra Technologies presently has a consensus rating of Buy and a consensus price target of $5.09.
Tetra Technologies (TTI) opened at $3.64 on Friday. The company has a current ratio of 2.24, a quick ratio of 1.48 and a debt-to-equity ratio of 1.63. Tetra Technologies has a fifty-two week low of $1.85 and a fifty-two week high of $5.98.
Tetra Technologies (NYSE:TTI) last issued its quarterly earnings data on Thursday, November 9th. The oil and gas company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.06. The business had revenue of $216.36 million for the quarter, compared to analyst estimates of $218.65 million. Tetra Technologies had a negative return on equity of 6.89% and a negative net margin of 5.47%. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.05) EPS. equities analysts anticipate that Tetra Technologies will post -0.22 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of TTI. Municipal Employees Retirement System of Michigan lifted its position in shares of Tetra Technologies by 23.7% during the 1st 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 during the period. Hartford Investment Management Co. bought a new position in shares of Tetra Technologies during the 2nd quarter worth approximately $118,000. Gotham Asset Management LLC bought a new position in shares of Tetra Technologies during the 1st quarter worth approximately $128,000. JPMorgan Chase & Co. lifted its position in shares of Tetra Technologies by 3,012.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 46,187 shares of the oil and gas company’s stock worth $129,000 after buying an additional 44,703 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its position in shares of Tetra Technologies by 326.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 47,942 shares of the oil and gas company’s stock worth $134,000 after buying an additional 36,687 shares during the period. Institutional investors and hedge funds own 90.62% 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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