TETRA Technologies, Inc. (NYSE:TTI)‘s stock had its “outperform” rating reissued by research analysts at RBC Capital Markets in a research note issued on Tuesday. They presently have a $7.00 target price on the stock, down from their previous target price of $8.00. RBC Capital Markets’ price target would indicate a potential upside of 29.39% from the company’s previous close.
Several other equities research analysts have also recently commented on TTI. Zacks Investment Research upgraded shares of TETRA Technologies from a “hold” rating to a “buy” rating and set a $7.25 price target for the company in a research report on Wednesday, July 13th. Credit Suisse Group AG reiterated an “outperform” rating and set a $8.00 price target on shares of TETRA Technologies in a research report on Monday, July 18th. JPMorgan Chase & Co. set a $8.00 price target on shares of TETRA Technologies and gave the stock a “buy” rating in a research report on Tuesday, August 9th. Simmons reiterated an “overweight” rating and set a $7.60 price target (up previously from $7.35) on shares of TETRA Technologies in a research report on Wednesday, August 10th. Finally, Morgan Stanley initiated coverage on shares of TETRA Technologies in a research report on Wednesday, August 10th. They set an “overweight” rating and a $10.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $7.87.
TETRA Technologies (NYSE:TTI) traded down 1.28% during midday trading on Tuesday, reaching $5.41. 254,679 shares of the company’s stock were exchanged. The stock’s market cap is $501.43 million. TETRA Technologies has a 1-year low of $4.40 and a 1-year high of $9.44. The firm’s 50-day moving average is $5.56 and its 200 day moving average is $5.86.
TETRA Technologies (NYSE:TTI) last issued its quarterly earnings results on Monday, November 7th. The company reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). TETRA Technologies had a negative net margin of 35.47% and a negative return on equity of 8.79%. The company earned $176.55 million during the quarter, compared to analysts’ expectations of $205.33 million. During the same quarter in the previous year, the company earned $0.17 EPS. TETRA Technologies’s revenue was down 42.1% on a year-over-year basis. Equities analysts anticipate that TETRA Technologies will post ($0.49) earnings per share for the current fiscal year.
In other TETRA Technologies news, VP Keith L. Schilling sold 24,341 shares of TETRA Technologies stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $6.37, for a total value of $155,052.17. Following the transaction, the vice president now owns 111,161 shares of the company’s stock, valued at $708,095.57. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Elisabeth K. Evans sold 14,012 shares of the business’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $5.41, for a total transaction of $75,804.92. Following the completion of the sale, the vice president now directly owns 22,752 shares in the company, valued at approximately $123,088.32. The disclosure for this sale can be found here. 4.45% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in the company. Societe Generale acquired a new stake in shares of TETRA Technologies during the second quarter worth approximately $103,000. SG Americas Securities LLC raised its stake in shares of TETRA Technologies by 27.8% in the second quarter. SG Americas Securities LLC now owns 16,182 shares of the company’s stock worth $103,000 after buying an additional 3,523 shares in the last quarter. Eqis Capital Management Inc. raised its stake in shares of TETRA Technologies by 1.0% in the second quarter. Eqis Capital Management Inc. now owns 16,915 shares of the company’s stock worth $108,000 after buying an additional 166 shares in the last quarter. Mason Street Advisors LLC acquired a new stake in shares of TETRA Technologies during the second quarter worth approximately $112,000. Finally, Profund Advisors LLC raised its stake in shares of TETRA Technologies by 1.1% in the second quarter. Profund Advisors LLC now owns 18,326 shares of the company’s stock worth $117,000 after buying an additional 208 shares in the last quarter. 90.87% of the stock is currently owned by institutional investors and hedge funds.
TETRA Technologies Company Profile