Media stories about TETRA Technologies (NYSE:TTI) have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TETRA Technologies earned a coverage optimism score of 0.03 on Accern’s scale. Accern also assigned news articles about the oil and gas company an impact score of 47.1126442068445 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Scotia Howard Weil Downgrades TETRA Technologies Inc. (TTI) to Sector Perform (streetinsider.com)
- TETRA Technologies (TTI) Lowered to “Sector Perform” at Howard Weil (americanbankingnews.com)
- TETRA Technologies (TTI) Downgraded to Hold at Scotiabank (americanbankingnews.com)
- Analysts’ Recommendation in Spotlight: TETRA Technologies Inc (NYSE: TTI) – Alpha Beta Stock (alphabetastock.com)
- TETRA Technologies, Inc. (TTI) Receives Average Rating of “Buy” from Analysts (americanbankingnews.com)
A number of analysts have commented on the company. Scotia Howard Weill reaffirmed a “sector perform” rating on shares of TETRA Technologies in a research report on Friday. Howard Weil lowered TETRA Technologies from a “sector outperform” rating to a “sector perform” rating in a research note on Friday. Scotiabank lowered TETRA Technologies to a “hold” rating in a research note on Thursday. Zacks Investment Research lowered TETRA Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Finally, Piper Jaffray Companies set a $5.00 price objective on TETRA Technologies and gave the company a “buy” rating in a research note on Friday, December 29th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. TETRA Technologies currently has a consensus rating of “Hold” and a consensus price target of $5.00.
TETRA Technologies (NYSE:TTI) traded up $0.18 during midday trading on Friday, hitting $4.31. The company’s stock had a trading volume of 1,605,800 shares, compared to its average volume of 887,225. The stock has a market cap of $507.01, a price-to-earnings ratio of -10.02 and a beta of 0.99. TETRA Technologies has a twelve month low of $1.85 and a twelve month high of $5.09. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.24 and a quick ratio of 1.38.
TETRA Technologies (NYSE:TTI) last announced its quarterly earnings results on Thursday, November 9th. The oil and gas company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.06. TETRA Technologies had a negative return on equity of 6.89% and a negative net margin of 5.47%. The firm had revenue of $216.36 million during the quarter, compared to analyst estimates of $218.65 million. During the same quarter in the previous year, the business earned ($0.05) EPS. TETRA Technologies’s revenue for the quarter was up 22.5% compared to the same quarter last year. sell-side analysts expect that TETRA Technologies will post -0.14 earnings per share for the current year.
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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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