Tetra Technologies (TTI) Receiving Somewhat Favorable News Coverage, Study Finds
Media headlines about Tetra Technologies (NYSE:TTI) have trended somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tetra Technologies earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned media headlines about the oil and gas company an impact score of 45.2533382077372 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Tetra Technologies (NYSE TTI) opened at 2.86 on Friday. Tetra Technologies has a 12-month low of $1.85 and a 12-month high of $6.34. The firm’s market capitalization is $331.47 million. The stock’s 50 day moving average price is $2.18 and its 200 day moving average price is $3.04.
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 the Thomson Reuters’ consensus estimate of ($0.01) by ($0.03). The firm had revenue of $208.37 million during the quarter, compared to the consensus estimate of $204.19 million. Tetra Technologies had a negative net margin of 8.27% and a negative return on equity of 9.56%. The business’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.15) earnings per share. Equities research analysts expect that Tetra Technologies will post ($0.18) earnings per share for the current year.
Several equities research analysts have recently commented on the company. Royal Bank Of Canada set a $5.00 price objective on Tetra Technologies and gave the company a “hold” rating in a report on Friday, June 16th. Morgan Stanley cut their price objective on Tetra Technologies from $5.50 to $4.00 and set an “equal weight” rating for the company in a report on Wednesday, June 21st. BidaskClub downgraded Tetra Technologies from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Zacks Investment Research downgraded Tetra Technologies from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Finally, ValuEngine downgraded Tetra Technologies from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Tetra Technologies presently has a consensus rating of “Buy” and an average price target of $5.33.
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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.
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