Brokerages Set TETRA Technologies, Inc. (NYSE:TTI) Target Price at $5.60

Shares of TETRA Technologies, Inc. (NYSE:TTI) have been assigned a consensus rating of “Hold” from the ten analysts that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $5.60.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Saturday, July 13th. ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, Stifel Nicolaus set a $74.00 price target on InterXion and gave the stock a “buy” rating in a research note on Friday, May 10th.

Shares of TTI stock traded down $0.07 on Friday, reaching $1.52. 648,074 shares of the company’s stock were exchanged, compared to its average volume of 557,562. TETRA Technologies has a 52 week low of $1.29 and a 52 week high of $5.11. The company has a quick ratio of 1.16, a current ratio of 1.87 and a debt-to-equity ratio of 2.98. The company has a market cap of $190.93 million, a PE ratio of -30.40 and a beta of 1.80. The business has a fifty day moving average of $1.60.

TETRA Technologies (NYSE:TTI) last issued its quarterly earnings results on Thursday, May 9th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). TETRA Technologies had a negative return on equity of 1.68% and a negative net margin of 1.88%. The business had revenue of $243.73 million for the quarter, compared to the consensus estimate of $252.83 million. During the same period in the prior year, the business posted ($0.06) earnings per share. TETRA Technologies’s revenue was up 22.2% on a year-over-year basis. Equities analysts predict that TETRA Technologies will post -0.06 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TTI. FMR LLC increased its holdings in TETRA Technologies by 103.3% during the 4th quarter. FMR LLC now owns 2,554,461 shares of the oil and gas company’s stock worth $4,291,000 after purchasing an additional 1,298,000 shares during the period. Squarepoint Ops LLC increased its holdings in TETRA Technologies by 612.4% during the 4th quarter. Squarepoint Ops LLC now owns 433,189 shares of the oil and gas company’s stock worth $728,000 after purchasing an additional 372,384 shares during the period. Boston Partners increased its holdings in TETRA Technologies by 37.3% during the 1st quarter. Boston Partners now owns 1,295,948 shares of the oil and gas company’s stock worth $3,033,000 after purchasing an additional 352,188 shares during the period. Deutsche Bank AG increased its holdings in TETRA Technologies by 124.5% during the 4th quarter. Deutsche Bank AG now owns 622,700 shares of the oil and gas company’s stock worth $1,044,000 after purchasing an additional 345,290 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its holdings in TETRA Technologies by 21.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,567,855 shares of the oil and gas company’s stock worth $2,634,000 after purchasing an additional 280,398 shares during the period. Institutional investors own 81.40% of the company’s stock.

About TETRA Technologies

TETRA Technologies, Inc, together with its subsidiaries, operates as a diversified oil and gas services company. The company's Completion Fluids segment manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, as well as in Latin America, Europe, Asia, the Middle East, and Africa.

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Analyst Recommendations for TETRA Technologies (NYSE:TTI)

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