TETRA Technologies Rating Increased to Outperform at Cowen and Company (TTI)
TETRA Technologies (NYSE:TTI) was upgraded by equities researchers at Cowen and Company from a “market perform” rating to an “outperform” rating in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $16.00 target price on the stock, up from their previous target price of $14.00. Cowen and Company’s target price suggests a potential upside of 40.97% from the stock’s previous close.
Shares of TETRA Technologies (NYSE:TTI) opened at 11.35 on Wednesday. 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 $11.28 and its 200-day moving average is $11.78. The company’s market cap is $902.9 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. On average, analysts predict that TETRA Technologies will post $0.55 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of TETRA Technologies in a research note on Monday, August 11th. 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. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $14.25.
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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