Tetra Technologies, Inc. (NYSE:TTI) had its price target hoisted by Loop Capital from $5.00 to $6.00 in a research report released on Friday. They currently have a buy rating on the oil and gas company’s stock.
Several other research analysts have also recently weighed in on the company. Wells Fargo & Company boosted their target price on Tetra Technologies from $3.50 to $5.00 and gave the stock an outperform rating in a report on Friday. Zacks Investment Research upgraded Tetra Technologies from a sell rating to a hold rating in a report on Wednesday, November 1st. Piper Jaffray Companies set a $4.00 target price on Tetra Technologies and gave the stock a buy rating in a report on Wednesday, October 11th. Royal Bank Of Canada set a $3.00 target price on Tetra Technologies and gave the stock a hold rating in a report on Saturday, October 7th. Finally, J P Morgan Chase & Co cut Tetra Technologies from an overweight rating to a neutral rating in a report on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $5.09.
Shares of Tetra Technologies (NYSE TTI) traded up $0.07 during trading on Friday, hitting $3.64. The stock had a trading volume of 1,865,000 shares, compared to its average volume of 1,288,287. Tetra Technologies has a fifty-two week low of $1.85 and a fifty-two week high of $5.98. 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 (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 Thomson Reuters’ consensus estimate of ($0.02) by $0.06. The business had revenue of $216.36 million for the quarter, compared to analysts’ expectations of $218.65 million. Tetra Technologies had a negative return on equity of 6.89% and a negative net margin of 5.47%. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.05) EPS. analysts expect that Tetra Technologies will post -0.22 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in TTI. Municipal Employees Retirement System of Michigan raised its position 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 valued at $107,000 after purchasing an additional 5,030 shares during the period. Hartford Investment Management Co. purchased a new stake in Tetra Technologies in the second quarter valued at approximately $118,000. Gotham Asset Management LLC purchased a new stake in Tetra Technologies in the first quarter valued at approximately $128,000. JPMorgan Chase & Co. raised its position in Tetra Technologies by 3,012.3% in the second quarter. JPMorgan Chase & Co. now owns 46,187 shares of the oil and gas company’s stock valued at $129,000 after purchasing an additional 44,703 shares during the period. Finally, Cubist Systematic Strategies LLC raised its position in Tetra Technologies by 326.0% in the second quarter. Cubist Systematic Strategies LLC now owns 47,942 shares of the oil and gas company’s stock valued at $134,000 after purchasing an additional 36,687 shares during the period. 91.18% of the stock is currently owned by institutional investors.
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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