Tetra Technologies, Inc. (TTI) Price Target Raised to $5.00

Tetra Technologies, Inc. (NYSE:TTI) had its target price hoisted by Wells Fargo & Company from $3.50 to $5.00 in a report released on Friday morning. The firm currently has an outperform rating on the oil and gas company’s stock.

A number of other equities research analysts have also commented on TTI. Zacks Investment Research upgraded Tetra Technologies from a sell rating to a hold rating in a research report on Saturday, August 12th. Scotiabank set a $4.00 target price on Tetra Technologies and gave the company a buy rating in a research report on Tuesday, August 22nd. Royal Bank Of Canada set a $3.00 target price on Tetra Technologies and gave the company a hold rating in a research report on Saturday, October 7th. BidaskClub lowered Tetra Technologies from a sell rating to a strong sell rating in a research report on Thursday, July 27th. Finally, Piper Jaffray Companies set a $4.00 target price on Tetra Technologies and gave the company a buy rating in a research report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Tetra Technologies currently has a consensus rating of Buy and an average price target of $5.09.

Tetra Technologies (TTI) opened at $3.69 on Friday. Tetra Technologies has a fifty-two week low of $1.85 and a fifty-two week high of $5.98. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.38 and a current ratio of 2.24.

Tetra Technologies (NYSE:TTI) last posted its quarterly earnings data on Thursday, November 9th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.06. Tetra Technologies had a negative net margin of 5.47% and a negative return on equity of 6.89%. The firm had revenue of $216.36 million for the quarter, compared to the consensus estimate of $218.65 million. During the same quarter in the prior year, the company posted ($0.05) earnings per share. The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. analysts forecast that Tetra Technologies will post -0.22 earnings per share for the current year.

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A number of institutional investors have recently added to or reduced their stakes in the business. Arizona State Retirement System boosted its position in Tetra Technologies by 0.3% in the 2nd quarter. Arizona State Retirement System now owns 60,490 shares of the oil and gas company’s stock worth $169,000 after purchasing an additional 200 shares in the last quarter. Texas Permanent School Fund boosted its position in Tetra Technologies by 1.1% in the 2nd quarter. Texas Permanent School Fund now owns 84,657 shares of the oil and gas company’s stock worth $236,000 after purchasing an additional 938 shares in the last quarter. Principal Financial Group Inc. boosted its position in Tetra Technologies by 0.3% in the 2nd quarter. Principal Financial Group Inc. now owns 901,989 shares of the oil and gas company’s stock worth $2,517,000 after purchasing an additional 2,786 shares in the last quarter. Prudential Financial Inc. boosted its position in Tetra Technologies by 1.6% in the 1st quarter. Prudential Financial Inc. now owns 193,810 shares of the oil and gas company’s stock worth $789,000 after purchasing an additional 3,080 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in Tetra Technologies by 1.9% in the 1st quarter. Legal & General Group Plc now owns 193,258 shares of the oil and gas company’s stock worth $787,000 after purchasing an additional 3,513 shares in the last quarter. Institutional investors and hedge funds own 91.18% of the company’s stock.

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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