TETRA Technologies, Inc. (TTI) Receives Consensus Recommendation of “Hold” from Brokerages

TETRA Technologies, Inc. (NYSE:TTI) has received a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $5.25.

A number of equities analysts recently commented on TTI shares. ValuEngine upgraded TETRA Technologies from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 14th. Piper Jaffray Companies set a $4.00 target price on TETRA Technologies and gave the company a “buy” rating in a report on Wednesday, October 11th. Zacks Investment Research downgraded TETRA Technologies from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Howard Weil downgraded TETRA Technologies from a “sector outperform” rating to a “sector perform” rating in a report on Friday, January 12th. Finally, Royal Bank of Canada set a $3.00 target price on TETRA Technologies and gave the company a “hold” rating in a report on Saturday, October 7th.

TETRA Technologies (TTI) traded down $0.17 during trading hours on Friday, hitting $3.81. The stock had a trading volume of 1,100,000 shares, compared to its average volume of 785,661. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.38 and a current ratio of 2.24. The stock has a market capitalization of $441.53, a price-to-earnings ratio of -8.86 and a beta of 0.77. TETRA Technologies has a 52-week low of $1.85 and a 52-week high of $5.09.

TETRA Technologies (NYSE:TTI) last announced its earnings results on Thursday, November 9th. The oil and gas company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.06. The company had revenue of $216.36 million during the quarter, compared to the consensus estimate of $218.65 million. TETRA Technologies had a negative return on equity of 6.89% and a negative net margin of 5.47%. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.05) earnings per share. equities research analysts forecast that TETRA Technologies will post -0.15 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in TETRA Technologies by 3,012.3% in the second quarter. JPMorgan Chase & Co. now owns 46,187 shares of the oil and gas company’s stock worth $129,000 after purchasing an additional 44,703 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in TETRA Technologies by 326.0% in the second quarter. Cubist Systematic Strategies LLC now owns 47,942 shares of the oil and gas company’s stock worth $134,000 after purchasing an additional 36,687 shares in the last quarter. GSA Capital Partners LLP raised its holdings in TETRA Technologies by 73.7% in the second quarter. GSA Capital Partners LLP now owns 57,037 shares of the oil and gas company’s stock worth $159,000 after purchasing an additional 24,198 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in TETRA Technologies by 68.0% in the third quarter. BNP Paribas Arbitrage SA now owns 58,889 shares of the oil and gas company’s stock worth $168,000 after purchasing an additional 23,839 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its holdings in TETRA Technologies by 26.7% in the second quarter. UBS Asset Management Americas Inc. now owns 74,549 shares of the oil and gas company’s stock worth $208,000 after purchasing an additional 15,700 shares in the last quarter. Institutional investors and hedge funds own 90.22% of the company’s stock.

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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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