A number of other equities analysts have also weighed in on TTI. Royal Bank of Canada set a $3.00 target price on shares of TETRA Technologies and gave the stock a hold rating in a research report on Saturday, October 7th. Piper Jaffray Companies set a $4.00 target price on shares of TETRA Technologies and gave the stock a buy rating in a research report on Wednesday, October 11th. Zacks Investment Research lowered shares of TETRA Technologies from a hold rating to a sell rating in a research report on Tuesday, October 17th. Wells Fargo & Co upped their target price on shares of TETRA Technologies from $3.50 to $5.00 and gave the stock an outperform rating in a research report on Friday, November 10th. Finally, Loop Capital upped their target price on shares of TETRA Technologies from $5.00 to $6.00 and gave the stock a buy rating in a research report on Friday, November 10th. Two equities 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. The company has a consensus rating of Hold and a consensus price target of $5.00.
TETRA Technologies (TTI) opened at $4.39 on Friday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.38 and a current ratio of 2.24. TETRA Technologies has a 12-month low of $1.85 and a 12-month high of $5.09. The firm has a market cap of $508.75, a price-to-earnings ratio of -10.21 and a beta of 0.99.
TETRA Technologies (NYSE:TTI) last issued its earnings results on Thursday, November 9th. The oil and gas company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.06. TETRA Technologies had a negative net margin of 5.47% and a negative return on equity of 6.89%. 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 prior year, the business earned ($0.05) earnings per share. TETRA Technologies’s revenue for the quarter was up 22.5% on a year-over-year basis. analysts expect that TETRA Technologies will post -0.14 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in TTI. Formula Growth Ltd. raised its stake in TETRA Technologies by 51.9% during the second quarter. Formula Growth Ltd. now owns 3,761,806 shares of the oil and gas company’s stock valued at $10,495,000 after purchasing an additional 1,284,629 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in TETRA Technologies by 18.7% during the second quarter. Dimensional Fund Advisors LP now owns 4,913,699 shares of the oil and gas company’s stock valued at $13,709,000 after purchasing an additional 774,482 shares in the last quarter. Vanguard Group Inc. raised its stake in TETRA Technologies by 6.3% during the second quarter. Vanguard Group Inc. now owns 10,594,952 shares of the oil and gas company’s stock valued at $29,559,000 after purchasing an additional 625,816 shares in the last quarter. Boston Partners raised its stake in TETRA Technologies by 8.7% during the third quarter. Boston Partners now owns 5,178,124 shares of the oil and gas company’s stock valued at $14,809,000 after purchasing an additional 415,120 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in TETRA Technologies by 17.7% during the third quarter. Russell Investments Group Ltd. now owns 2,269,671 shares of the oil and gas company’s stock valued at $6,490,000 after purchasing an additional 341,617 shares in the last quarter. 90.55% of the stock is currently owned by institutional investors.
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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.
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