TETRA Technologies, Inc. (NYSE:TTI) Receives $4.90 Consensus Price Target from Analysts

Shares of TETRA Technologies, Inc. (NYSE:TTI) have received a consensus recommendation of “Hold” from the ten analysts that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $4.90.

Several analysts have weighed in on the company. Zacks Investment Research upgraded TETRA Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, August 10th. ValuEngine upgraded TETRA Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $2.50 price target on shares of TETRA Technologies in a research note on Sunday, August 11th.

TETRA Technologies stock traded down $0.04 during trading hours on Thursday, hitting $1.97. 566,396 shares of the stock traded hands, compared to its average volume of 617,931. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.89 and a quick ratio of 1.23. The firm’s 50 day moving average price is $1.81 and its 200-day moving average price is $1.91. The stock has a market capitalization of $252.42 million, a price-to-earnings ratio of -39.40 and a beta of 1.74. TETRA Technologies has a 1 year low of $1.25 and a 1 year high of $4.46.

TETRA Technologies (NYSE:TTI) last posted its quarterly earnings results on Thursday, August 8th. The oil and gas company reported ($0.02) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.02). The business had revenue of $288.80 million for the quarter, compared to the consensus estimate of $284.15 million. TETRA Technologies had a negative return on equity of 3.45% and a negative net margin of 1.92%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.03 EPS. Research analysts forecast that TETRA Technologies will post -0.07 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Paloma Partners Management Co acquired a new position in shares of TETRA Technologies in the 2nd quarter valued at about $26,000. Cubist Systematic Strategies LLC acquired a new position in shares of TETRA Technologies in the 2nd quarter valued at about $35,000. Jefferies Group LLC acquired a new position in shares of TETRA Technologies in the 2nd quarter valued at about $46,000. Jane Street Group LLC acquired a new position in shares of TETRA Technologies in the 2nd quarter valued at about $53,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of TETRA Technologies by 913.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 25,671 shares of the oil and gas company’s stock valued at $60,000 after buying an additional 23,137 shares during the period. 82.73% of the stock is owned by institutional investors and hedge funds.

TETRA Technologies Company Profile

TETRA Technologies, Inc, together with its subsidiaries, operates as a diversified oil and gas services company. The company's Completion Fluids segment manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, as well as in Latin America, Europe, Asia, the Middle East, and Africa.

Further Reading: Do You Need a Fiduciary?

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.