TETRA Technologies Given Average Rating of “Hold” by Brokerages (NYSE:TTI)
Shares of TETRA Technologies (NYSE:TTI) have received an average recommendation of “Hold” from the eight brokerages that are currently covering the stock, StockRatingsNetwork.com reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $14.00.
TETRA Technologies (NYSE:TTI) traded up 1.16% during mid-day trading on Thursday, hitting $11.36. The stock had a trading volume of 64,845 shares. TETRA Technologies has a 52-week low of $9.25 and a 52-week high of $13.43. The stock’s 50-day moving average is $11.37 and its 200-day moving average is $11.72. The company’s market cap is $892.0 million.
TETRA Technologies (NYSE:TTI) last posted its quarterly earnings results 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. Analysts expect that TETRA Technologies will post $0.61 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of TETRA Technologies in a research note on Monday. They now have a $13.00 price target on the stock, down previously from $14.00. 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.
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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