Brokerages Set TETRA Technologies, Inc. (TTI) Price Target at $5.25

Shares of TETRA Technologies, Inc. (NYSE:TTI) have been assigned a consensus recommendation of “Hold” from the fifteen analysts that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $5.25.

Several research firms recently commented on TTI. Scotia Howard Weill reiterated a “sector perform” rating on shares of TETRA Technologies in a research note on Friday, January 12th. Howard Weil downgraded TETRA Technologies from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, January 12th. Scotiabank downgraded TETRA Technologies to a “hold” rating in a research note on Thursday, January 11th. Zacks Investment Research downgraded 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.

TETRA Technologies (NYSE TTI) traded down $0.02 during trading on Friday, reaching $3.81. The company had a trading volume of 249,638 shares, compared to its average volume of 794,919. TETRA Technologies has a fifty-two week low of $1.85 and a fifty-two week high of $5.09. The company has a current ratio of 2.24, a quick ratio of 1.38 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of $441.53, a P/E ratio of -9.12 and a beta of 0.77.

TETRA Technologies (NYSE:TTI) last posted its quarterly earnings data on Thursday, November 9th. The oil and gas company reported $0.04 EPS for the quarter, beating the 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 business had revenue of $216.36 million for the quarter, compared to the consensus estimate 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. equities analysts anticipate that TETRA Technologies will post -0.15 earnings per share for the current year.

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position in shares of TETRA Technologies by 3,012.3% during the second quarter. JPMorgan Chase & Co. now owns 46,187 shares of the oil and gas company’s stock worth $129,000 after acquiring an additional 44,703 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of TETRA Technologies by 326.0% during the second quarter. Cubist Systematic Strategies LLC now owns 47,942 shares of the oil and gas company’s stock worth $134,000 after acquiring an additional 36,687 shares in the last quarter. GSA Capital Partners LLP lifted its position in shares of TETRA Technologies by 73.7% during the second quarter. GSA Capital Partners LLP now owns 57,037 shares of the oil and gas company’s stock worth $159,000 after acquiring an additional 24,198 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of TETRA Technologies by 68.0% during the third quarter. BNP Paribas Arbitrage SA now owns 58,889 shares of the oil and gas company’s stock worth $168,000 after acquiring an additional 23,839 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its position in shares of TETRA Technologies by 26.7% during the second quarter. UBS Asset Management Americas Inc. now owns 74,549 shares of the oil and gas company’s stock worth $208,000 after acquiring an additional 15,700 shares in the last quarter. Hedge funds and other institutional investors own 90.34% of the company’s stock.

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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.

Analyst Recommendations for TETRA Technologies (NYSE:TTI)

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