Tetra Technologies, Inc. (NYSE:TTI) has earned a consensus recommendation of “Buy” from the fifteen analysts that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $4.90.

Several analysts recently weighed in on the company. Zacks Investment Research upgraded Tetra Technologies from a “hold” rating to a “buy” rating and set a $4.00 target price for the company in a research note on Thursday, November 16th. Morgan Stanley increased their target price on Tetra Technologies from $3.00 to $4.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 15th. ValuEngine upgraded Tetra Technologies from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 14th. Royal Bank of Canada restated a “hold” rating on shares of Tetra Technologies in a research note on Sunday, November 12th. Finally, Credit Suisse Group increased their target price on Tetra Technologies from $3.50 to $4.00 and gave the company an “outperform” rating in a research note on Friday, November 10th.

A number of institutional investors have recently bought and sold shares of the business. Teachers Advisors LLC raised its holdings in shares of Tetra Technologies by 46.4% in the 1st quarter. Teachers Advisors LLC now owns 259,792 shares of the oil and gas company’s stock worth $1,057,000 after buying an additional 82,388 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Tetra Technologies by 15.3% in the 1st quarter. California Public Employees Retirement System now owns 135,100 shares of the oil and gas company’s stock worth $550,000 after buying an additional 17,900 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Tetra Technologies by 13.3% in the 1st quarter. Geode Capital Management LLC now owns 910,912 shares of the oil and gas company’s stock worth $3,707,000 after buying an additional 106,900 shares in the last quarter. State Street Corp raised its holdings in shares of Tetra Technologies by 20.1% in the 1st quarter. State Street Corp now owns 3,658,629 shares of the oil and gas company’s stock worth $14,889,000 after buying an additional 613,376 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its holdings in shares of Tetra Technologies by 32.5% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 81,967 shares of the oil and gas company’s stock worth $334,000 after buying an additional 20,118 shares in the last quarter. 90.62% of the stock is owned by hedge funds and other institutional investors.

Tetra Technologies (NYSE:TTI) traded down $0.06 on Friday, hitting $3.99. The stock had a trading volume of 691,400 shares, compared to its average volume of 1,302,120. Tetra Technologies has a 52 week low of $1.85 and a 52 week high of $5.28. The company has a quick ratio of 1.38, a current ratio of 2.24 and a debt-to-equity ratio of 1.63.

Tetra Technologies (NYSE:TTI) last released its quarterly earnings results on Thursday, November 9th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.06. Tetra Technologies had a negative return on equity of 6.89% and a negative net margin of 5.47%. The company had revenue of $216.36 million during the quarter, compared to the consensus estimate of $218.65 million. During the same quarter in the prior year, the company posted ($0.05) EPS. The firm’s revenue was up 22.5% on a year-over-year basis. equities research analysts forecast that Tetra Technologies will post -0.14 earnings per share for the current year.

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Tetra Technologies Company Profile

TETRA Technologies, Inc is an oil and gas services company. The Company focuses on completion fluids and associated products and services, water management, production well testing, offshore rig cooling, compression services and equipment, and offshore services, such as decommissioning and diving. It is composed of five segments organized into four divisions: Fluids, Production Testing, Compression and Offshore.

Analyst Recommendations for Tetra Technologies (NYSE:TTI)

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