Tetra Technologies, Inc. (NYSE:TTI) Given a $3.00 Price Target by Royal Bank Of Canada Analysts

Royal Bank Of Canada set a $3.00 target price on Tetra Technologies, Inc. (NYSE:TTI) in a report published on Saturday, October 7th. The brokerage currently has a hold rating on the oil and gas company’s stock.

TTI has been the subject of a number of other research reports. Zacks Investment Research lowered shares of Tetra Technologies from a hold rating to a sell rating in a research note on Thursday, July 13th. BidaskClub lowered shares of Tetra Technologies from a sell rating to a strong sell rating in a research note on Thursday, July 27th. ValuEngine lowered shares of Tetra Technologies from a sell rating to a strong sell rating in a research note on Friday, September 1st. J P Morgan Chase & Co lowered shares of Tetra Technologies from an overweight rating to a neutral rating in a research note on Tuesday, September 12th. Finally, Morgan Stanley decreased their price objective on shares of Tetra Technologies from $5.50 to $4.00 and set an equal weight rating for the company in a research note on Wednesday, June 21st. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $5.17.

Tetra Technologies (NYSE TTI) traded down 0.188% on Friday, hitting $2.655. The stock had a trading volume of 164,025 shares. The firm’s 50-day moving average is $2.49 and its 200-day moving average is $2.89. The company’s market cap is $307.71 million. Tetra Technologies has a 52-week low of $1.85 and a 52-week high of $6.34.

Tetra Technologies (NYSE:TTI) last issued its earnings results on Wednesday, August 9th. The oil and gas company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.03). The business had revenue of $208.37 million for the quarter, compared to the consensus estimate of $204.19 million. Tetra Technologies had a negative return on equity of 9.56% and a negative net margin of 8.27%. The company’s quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.15) earnings per share. Equities research analysts anticipate that Tetra Technologies will post ($0.18) earnings per share for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its holdings in shares of Tetra Technologies by 26.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 97,544 shares of the oil and gas company’s stock valued at $273,000 after purchasing an additional 20,584 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of Tetra Technologies by 326.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 47,942 shares of the oil and gas company’s stock valued at $134,000 after purchasing an additional 36,687 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Tetra Technologies by 25.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 460,589 shares of the oil and gas company’s stock valued at $1,285,000 after purchasing an additional 94,476 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Tetra Technologies by 18.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,913,699 shares of the oil and gas company’s stock valued at $13,709,000 after purchasing an additional 774,482 shares in the last quarter. Finally, Ramsey Quantitative Systems bought a new position in Tetra Technologies in the 2nd quarter worth $666,000. Institutional investors and hedge funds own 91.01% 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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