TETRA Technologies, Inc. (TTI) Receives Consensus Rating of “Buy” from Analysts

TETRA Technologies, Inc. (NYSE:TTI) has been assigned a consensus recommendation of “Buy” from the fourteen analysts that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $5.10.

TTI has been the topic of a number of analyst reports. ValuEngine raised shares of TETRA Technologies from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 14th. Piper Jaffray Companies set a $4.00 price objective on shares of TETRA Technologies and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Zacks Investment Research cut shares of TETRA Technologies from a “buy” rating to a “hold” rating in a research note on Saturday. Royal Bank of Canada set a $3.00 price objective on shares of TETRA Technologies and gave the stock a “hold” rating in a research note on Saturday, October 7th. Finally, JPMorgan Chase & Co. cut shares of TETRA Technologies from an “overweight” rating to a “neutral” rating in a research note on Tuesday, September 12th.

Shares of TETRA Technologies (NYSE:TTI) traded down $0.16 during midday trading on Tuesday, hitting $4.18. 710,497 shares of the stock were exchanged, compared to its average volume of 1,150,000. The firm has a market cap of $484.41, a PE ratio of -9.72 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 quick ratio of 1.38, a current ratio of 2.24 and a debt-to-equity ratio of 1.63.

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, topping analysts’ consensus estimates 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 net margin of 5.47% and a negative return on equity of 6.89%. The business’s revenue was up 22.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.05) EPS. equities analysts forecast that TETRA Technologies will post -0.14 EPS for the current year.

A number of hedge funds have recently made changes to their positions in TTI. Arizona State Retirement System lifted its holdings in TETRA Technologies by 0.3% in the 2nd quarter. Arizona State Retirement System now owns 60,490 shares of the oil and gas company’s stock valued at $169,000 after purchasing an additional 200 shares in the last quarter. Rhumbline Advisers lifted its holdings in TETRA Technologies by 9.7% in the 2nd quarter. Rhumbline Advisers now owns 227,971 shares of the oil and gas company’s stock valued at $636,000 after purchasing an additional 20,066 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in TETRA Technologies by 2.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,696,129 shares of the oil and gas company’s stock valued at $4,732,000 after purchasing an additional 46,085 shares in the last quarter. Legal & General Group Plc lifted its holdings in TETRA Technologies by 12.2% in the 2nd quarter. Legal & General Group Plc now owns 216,791 shares of the oil and gas company’s stock valued at $605,000 after purchasing an additional 23,533 shares in the last quarter. Finally, American Century Companies Inc. purchased a new position in TETRA Technologies in the 2nd quarter valued at $731,000. Institutional investors own 90.55% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece was posted by Markets Daily and is the sole property of of Markets Daily. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://www.themarketsdaily.com/2018/01/10/tetra-technologies-inc-tti-receives-consensus-rating-of-buy-from-analysts.html.

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)

Receive News & Ratings for TETRA Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TETRA Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply