Shares of TETRA Technologies, Inc. (NYSE:TTI) have been given an average recommendation of “Hold” by the ten analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $6.10.
A number of research analysts have recently weighed in on TTI shares. Johnson Rice downgraded shares of TETRA Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 19th. Raymond James downgraded shares of TETRA Technologies from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 13th. Finally, Zacks Investment Research raised shares of TETRA Technologies from a “sell” rating to a “hold” rating in a research report on Thursday.
In other TETRA Technologies news, CEO Stuart M. Brightman purchased 100,000 shares of the company’s stock in a transaction that occurred on Friday, December 28th. The shares were bought at an average cost of $1.41 per share, for a total transaction of $141,000.00. Following the purchase, the chief executive officer now owns 1,258,163 shares of the company’s stock, valued at approximately $1,774,009.83. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 5.69% of the company’s stock.
TETRA Technologies stock opened at $2.36 on Friday. TETRA Technologies has a twelve month low of $1.29 and a twelve month high of $5.11. The company has a market cap of $297.74 million, a PE ratio of -47.20 and a beta of 1.59. The company has a quick ratio of 1.28, a current ratio of 2.00 and a debt-to-equity ratio of 2.61.
TETRA Technologies (NYSE:TTI) last released its earnings results on Thursday, February 28th. The oil and gas company reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.02. TETRA Technologies had a negative net margin of 6.44% and a negative return on equity of 2.20%.
About TETRA Technologies
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.
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