TETRA Technologies Receives Average Rating of “Hold” from Brokerages (NYSE:TTI)
TETRA Technologies (NYSE:TTI) has earned an average rating of “Hold” from the eleven ratings firms that are covering the company, AmericanBankingNews.com reports. Six research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $13.76.
Shares of TETRA Technologies (NYSE:TTI) traded down 1.46% on Tuesday, hitting $11.47. The stock had a trading volume of 126,681 shares. TETRA Technologies has a 52-week low of $9.00 and a 52-week high of $13.43. The stock’s 50-day moving average is $12.50 and its 200-day moving average is $12.05. The company’s market cap is $898.2 million.
TETRA Technologies (NYSE:TTI) last released its earnings data on Friday, May 9th. The company reported ($0.04) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.05 by $0.09. The company had revenue of $212.86 million for the quarter, compared to the consensus estimate of $217.56 million. During the same quarter last year, the company posted $0.06 earnings per share. TETRA Technologies’s revenue was up 2.1% compared to the same quarter last year. Analysts expect that TETRA Technologies will post $0.81 EPS for the current fiscal year.
A number of analysts have recently weighed in on TTI shares. Analysts at DA Davidson cut their price target on shares of TETRA Technologies from $13.50 to $13.00 in a research note on Monday. Analysts at Zacks upgraded shares of TETRA Technologies from an “underperform” rating to a “neutral” rating in a research note on Wednesday, February 12th. They now have a $11.60 price target on the stock.
TETRA Technologies, Inc is oil and gas services company, focused on completion fluids and other products, production testing, wellhead compression, and selected offshore services including well plugging and abandonment, decommissioning, and diving.
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