TETRA Technologies (NYSE:TTI) Rating Reiterated by Royal Bank of Canada
Royal Bank of Canada reissued their hold rating on shares of TETRA Technologies (NYSE:TTI) in a report published on Sunday morning, AnalystRatings.com reports. The firm currently has a $2.50 price objective on the oil and gas company’s stock.
Several other research analysts have also weighed in on the company. Stifel Nicolaus set a $4.00 price objective on TETRA Technologies and gave the stock a buy rating in a research report on Friday, May 10th. ValuEngine upgraded TETRA Technologies from a sell rating to a hold rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research upgraded TETRA Technologies from a sell rating to a hold rating in a research report on Saturday, August 10th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. TETRA Technologies currently has a consensus rating of Hold and an average target price of $4.90.
TTI stock opened at $1.71 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.87 and a debt-to-equity ratio of 2.98. The firm has a 50 day moving average of $1.60. The stock has a market capitalization of $214.79 million, a price-to-earnings ratio of -34.20 and a beta of 1.80. TETRA Technologies has a 1 year low of $1.25 and a 1 year high of $5.11.
A number of institutional investors have recently modified their holdings of the stock. Paloma Partners Management Co acquired a new position in TETRA Technologies during the second quarter worth $26,000. Connable Office Inc. acquired a new position in TETRA Technologies during the first quarter worth $29,000. Amalgamated Bank acquired a new position in TETRA Technologies during the fourth quarter worth $32,000. Cubist Systematic Strategies LLC acquired a new position in TETRA Technologies during the second quarter worth $35,000. Finally, Jefferies Group LLC acquired a new position in TETRA Technologies during the second quarter worth $46,000. Institutional investors own 81.12% of the company’s stock.
About TETRA Technologies
TETRA Technologies, Inc, together with its subsidiaries, operates as a diversified oil and gas services company. The company's Completion Fluids segment 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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