TETRA Technologies (TTI) Earns Sector Perform Rating from Scotia Howard Weill

TETRA Technologies (NYSE:TTI)‘s stock had its “sector perform” rating reiterated by analysts at Scotia Howard Weill in a research report issued on Friday.

A number of other analysts have also commented on TTI. Royal Bank of Canada set a $3.00 price target on TETRA Technologies and gave the stock a “hold” rating in a report on Saturday, October 7th. Piper Jaffray Companies set a $4.00 price target on TETRA Technologies and gave the stock a “buy” rating in a report on Wednesday, October 11th. Zacks Investment Research lowered TETRA Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Wells Fargo & Co lifted their price target on TETRA Technologies from $3.50 to $5.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. Finally, Loop Capital lifted their price target on TETRA Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $5.00.

Shares of TETRA Technologies (TTI) traded up $0.08 during trading on Friday, reaching $4.39. The company had a trading volume of 1,023,670 shares, compared to its average volume of 1,090,000. The company has a market capitalization of $508.75, a price-to-earnings ratio of -10.21 and a beta of 0.99. TETRA Technologies has a 1-year low of $1.85 and a 1-year high of $5.09. 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 issued its quarterly earnings results on Thursday, November 9th. The oil and gas company reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.06. The business had revenue of $216.36 million for the quarter, compared to analyst estimates of $218.65 million. TETRA Technologies had a negative return on equity of 6.89% and a negative net margin of 5.47%. TETRA Technologies’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period last year, the company posted ($0.05) earnings per share. research analysts anticipate that TETRA Technologies will post -0.14 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in TTI. Formula Growth Ltd. increased its position in TETRA Technologies by 51.9% in the second quarter. Formula Growth Ltd. now owns 3,761,806 shares of the oil and gas company’s stock worth $10,495,000 after buying an additional 1,284,629 shares during the last quarter. Dimensional Fund Advisors LP increased its position in TETRA Technologies by 18.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,913,699 shares of the oil and gas company’s stock worth $13,709,000 after buying an additional 774,482 shares during the last quarter. Vanguard Group Inc. increased its position in TETRA Technologies by 6.3% in the second quarter. Vanguard Group Inc. now owns 10,594,952 shares of the oil and gas company’s stock worth $29,559,000 after buying an additional 625,816 shares during the last quarter. Boston Partners increased its position in TETRA Technologies by 8.7% in the third quarter. Boston Partners now owns 5,178,124 shares of the oil and gas company’s stock worth $14,809,000 after buying an additional 415,120 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in TETRA Technologies by 17.7% in the third quarter. Russell Investments Group Ltd. now owns 2,269,671 shares of the oil and gas company’s stock worth $6,490,000 after buying an additional 341,617 shares during the last quarter. 90.55% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This story was originally published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another website, it was copied illegally and reposted in violation of United States & international trademark and copyright legislation. The original version of this story can be accessed at https://www.americanbankingnews.com/2018/01/13/tetra-technologies-tti-earns-sector-perform-rating-from-scotia-howard-weill.html.

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)

Receive News & Ratings for TETRA Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TETRA Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply