Tetra Technologies (TTI) Receiving Somewhat Positive Press Coverage, Report Finds
Media headlines about Tetra Technologies (NYSE:TTI) have trended somewhat positive on Thursday, Accern Sentiment reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tetra Technologies earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media coverage about the oil and gas company an impact score of 45.5220545783179 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Tetra Technologies Inc (TTI) Climbs Higher Over Past 5 Sessions – Evergreen Caller (evergreencaller.com)
- Calcium Chloride Global Market by Application, Data Validation, Growth, Analysis and Forecasts to 2023 (emailwire.com)
- Tetra Technologies, Inc. (TTI) Downgraded to Strong Sell at ValuEngine (americanbankingnews.com)
- Comparable Company Analysis: TETRA Technologies, Inc. (TTI), Exxon Mobil Corporation (XOM) – AllStockNews (allstocknews.com)
- Stock Monitor: Looking at the Levels on Shares of TETRA Technologies, Inc. (NYSE:TTI) – Sparta Review (spartareview.com)
Several research analysts have recently issued reports on the company. Royal Bank Of Canada set a $5.00 price objective on Tetra Technologies and gave the stock a “hold” rating in a research note on Friday, June 16th. Morgan Stanley reduced their price objective on 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. Zacks Investment Research cut Tetra Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. BidaskClub cut Tetra Technologies from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Finally, ValuEngine cut Tetra Technologies from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $5.33.
Shares of Tetra Technologies (NYSE TTI) opened at 2.15 on Thursday. The stock has a 50 day moving average price of $2.32 and a 200-day moving average price of $3.19. Tetra Technologies has a 52-week low of $1.85 and a 52-week high of $6.45. The stock’s market capitalization is $249.18 million.
Tetra Technologies (NYSE:TTI) last issued its earnings results on Wednesday, August 9th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.03. The business had revenue of $208.37 million for the quarter, compared to analysts’ expectations of $204.19 million. Tetra Technologies had a negative return on equity of 9.56% and a negative net margin of 8.27%. The business’s quarterly revenue was up 18.6% on a year-over-year basis. During the same period last year, the company posted ($0.15) earnings per share. On average, equities research analysts anticipate that Tetra Technologies will post ($0.18) EPS for the current fiscal year.
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About Tetra Technologies
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.
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