TETRA Technologies’s Neutral Rating Reaffirmed at Credit Suisse (TTI)
TETRA Technologies (NYSE:TTI)‘s stock had its “neutral” rating reaffirmed by stock analysts at Credit Suisse in a report issued on Monday. They currently have a $13.00 price target on the stock, down from their previous price target of $14.00. Credit Suisse’s price objective suggests a potential upside of 17.01% from the stock’s previous close.
TETRA Technologies (NYSE:TTI) traded down 0.18% during mid-day trading on Monday, hitting $11.0901. The stock had a trading volume of 328,348 shares. TETRA Technologies has a 1-year low of $9.25 and a 1-year high of $13.43. The stock’s 50-day moving average is $11.44 and its 200-day moving average is $11.7. The company’s market cap is $870.9 million.
TETRA Technologies (NYSE:TTI) last released its earnings data on Friday, August 8th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.13. The company had revenue of $242.50 million for the quarter, compared to the consensus estimate of $249.40 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, analysts predict that TETRA Technologies will post $0.66 earnings per share for the current fiscal year.
Separately, analysts at Simmons initiated coverage on shares of TETRA Technologies in a research note on Tuesday, July 1st. They set an “overweight” rating and a $14.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $14.00.
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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