Shares of TETRA Technologies, Inc. (NYSE:TTI) have earned a consensus recommendation of “Buy” from the fifteen research firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $4.90.

TTI has been the subject of several analyst reports. Scotiabank set a $4.00 target price on shares of TETRA Technologies and gave the company a “buy” rating in a research note on Tuesday, August 22nd. ValuEngine raised shares of TETRA Technologies from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 14th. Piper Jaffray Companies set a $4.00 target price on shares of TETRA Technologies and gave the company a “buy” rating in a research note on Wednesday, October 11th. Royal Bank of Canada set a $3.00 target price on shares of TETRA Technologies and gave the company a “hold” rating in a research note on Saturday, October 7th. Finally, J P Morgan Chase & Co cut shares of TETRA Technologies from an “overweight” rating to a “neutral” rating in a research note on Tuesday, September 12th.

A number of hedge funds have recently added to or reduced their stakes in the business. FMR LLC boosted its position in TETRA Technologies by 2.1% during the second quarter. FMR LLC now owns 12,257,594 shares of the oil and gas company’s stock worth $34,199,000 after purchasing an additional 250,100 shares during the period. Vanguard Group Inc. boosted its position in TETRA Technologies by 6.3% during the second quarter. Vanguard Group Inc. now owns 10,594,952 shares of the oil and gas company’s stock worth $29,559,000 after purchasing an additional 625,816 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in TETRA Technologies by 0.7% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 8,059,378 shares of the oil and gas company’s stock worth $23,050,000 after purchasing an additional 53,966 shares during the period. Boston Partners boosted its position in TETRA Technologies by 8.7% during the third quarter. Boston Partners now owns 5,178,124 shares of the oil and gas company’s stock worth $14,809,000 after purchasing an additional 415,120 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in TETRA Technologies by 18.7% during the second quarter. Dimensional Fund Advisors LP now owns 4,913,699 shares of the oil and gas company’s stock worth $13,709,000 after purchasing an additional 774,482 shares during the period. 90.55% of the stock is owned by hedge funds and other institutional investors.

TETRA Technologies (NYSE TTI) traded up $0.15 during trading hours on Friday, hitting $4.19. 870,184 shares of the company traded hands, compared to its average volume of 1,303,227. TETRA Technologies has a twelve month low of $1.85 and a twelve month high of $5.28. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.24 and a quick ratio of 1.38.

TETRA Technologies (NYSE:TTI) last released its earnings results on Thursday, November 9th. The oil and gas company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.06. TETRA Technologies had a negative net margin of 5.47% and a negative return on equity of 6.89%. The business had revenue of $216.36 million during the quarter, compared to analysts’ expectations of $218.65 million. During the same period last year, the business earned ($0.05) earnings per share. The firm’s revenue was up 22.5% on a year-over-year basis. sell-side analysts anticipate that TETRA Technologies will post -0.14 EPS for the current 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.

Analyst Recommendations for TETRA Technologies (NYSE:TTI)

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