TETRA Technologies (NYSE:TTI) had its target price hoisted by Wells Fargo & Co from $5.50 to $6.00 in a report issued on Friday morning. Wells Fargo & Co currently has an outperform rating on the oil and gas company’s stock.

A number of other research firms have also issued reports on TTI. TheStreet raised TETRA Technologies from a d rating to a c- rating in a report on Tuesday, May 8th. B. Riley assumed coverage on TETRA Technologies in a report on Friday, July 6th. They set a buy rating and a $8.00 price target on the stock. Zacks Investment Research lowered TETRA Technologies from a hold rating to a sell rating in a report on Tuesday. Finally, ValuEngine raised TETRA Technologies from a sell rating to a hold rating in a report on Saturday, June 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $5.13.

Shares of NYSE TTI traded up $0.04 during midday trading on Friday, reaching $4.73. 861,453 shares of the company were exchanged, compared to its average volume of 476,594. The company has a quick ratio of 2.02, a current ratio of 2.83 and a debt-to-equity ratio of 2.53. TETRA Technologies has a 1 year low of $1.85 and a 1 year high of $4.87. The firm has a market cap of $523.63 million, a P/E ratio of -22.52, a P/E/G ratio of 2.35 and a beta of 0.69.

TETRA Technologies (NYSE:TTI) last released its quarterly earnings results on Thursday, August 9th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.02. TETRA Technologies had a negative return on equity of 3.15% and a negative net margin of 10.59%. The firm had revenue of $260.10 million for the quarter, compared to analyst estimates of $237.95 million. During the same quarter last year, the company posted ($0.04) earnings per share. The business’s revenue was up 44.6% on a year-over-year basis. analysts anticipate that TETRA Technologies will post 0.06 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC boosted its holdings in TETRA Technologies by 47.3% in the 1st quarter. Barclays PLC now owns 36,334 shares of the oil and gas company’s stock valued at $137,000 after purchasing an additional 11,664 shares in the last quarter. Comerica Bank boosted its holdings in TETRA Technologies by 7.9% in the 1st quarter. Comerica Bank now owns 171,309 shares of the oil and gas company’s stock valued at $629,000 after purchasing an additional 12,586 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in TETRA Technologies by 9.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 161,573 shares of the oil and gas company’s stock valued at $601,000 after purchasing an additional 14,004 shares in the last quarter. SG Americas Securities LLC boosted its holdings in TETRA Technologies by 87.4% in the 2nd quarter. SG Americas Securities LLC now owns 35,112 shares of the oil and gas company’s stock valued at $156,000 after purchasing an additional 16,372 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in TETRA Technologies by 7.7% in the 2nd quarter. Legal & General Group Plc now owns 248,673 shares of the oil and gas company’s stock valued at $1,117,000 after purchasing an additional 17,719 shares in the last quarter. 84.20% of the stock is currently owned by institutional investors.

About TETRA Technologies

TETRA Technologies, Inc, together with its subsidiaries, operates as a diversified oil and gas services company. The company's Fluids division manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, as well as in Latin America, Europe, Asia, the Middle East, and Africa.

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Analyst Recommendations for TETRA Technologies (NYSE:TTI)

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