Tetra Technologies, Inc. (NYSE:TTI) – Capital One Financial Corporation decreased their Q3 2017 earnings estimates for shares of Tetra Technologies in a research note issued to investors on Thursday. Capital One Financial Corporation analyst L. Lemoine now forecasts that the oil and gas company will post earnings of $0.00 per share for the quarter, down from their prior forecast of $0.01. Capital One Financial Corporation also issued estimates for Tetra Technologies’ Q2 2018 earnings at $0.01 EPS, Q3 2018 earnings at $0.05 EPS, Q4 2018 earnings at $0.00 EPS and FY2018 earnings at $0.21 EPS.
A number of other equities research analysts have also recently weighed in on the stock. Johnson Rice upgraded shares of Tetra Technologies from an “accumulate” rating to a “buy” rating and set a $6.00 price target for the company in a research report on Thursday, April 13th. Morgan Stanley dropped their price target on shares of Tetra Technologies from $5.50 to $4.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 21st. Zacks Investment Research cut shares of Tetra Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Royal Bank Of Canada set a $5.00 price target on shares of Tetra Technologies and gave the company a “hold” rating in a research report on Friday, June 16th. Finally, BidaskClub cut shares of Tetra Technologies from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Tetra Technologies has a consensus rating of “Buy” and an average target price of $5.67.
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Shares of Tetra Technologies (NYSE:TTI) opened at 2.05 on Friday. Tetra Technologies has a 52-week low of $2.01 and a 52-week high of $6.77. The firm has a 50-day moving average of $2.72 and a 200 day moving average of $3.58. The stock’s market capitalization is $237.70 million.
Tetra Technologies (NYSE:TTI) last released its quarterly earnings data on Wednesday, August 9th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.03. The company had revenue of $208.37 million during the quarter, compared to analysts’ expectations of $204.19 million. Tetra Technologies had a negative net margin of 8.27% and a negative return on equity of 9.56%. Tetra Technologies’s quarterly revenue was up 18.6% on a year-over-year basis. During the same period last year, the firm earned ($0.15) earnings per share.
A number of hedge funds and other institutional investors have recently modified their holdings of TTI. TIAA CREF Investment Management LLC increased its position in shares of Tetra Technologies by 8.8% in the second quarter. TIAA CREF Investment Management LLC now owns 794,841 shares of the oil and gas company’s stock worth $2,218,000 after buying an additional 64,451 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Tetra Technologies by 19.0% in the second quarter. Teachers Advisors LLC now owns 309,023 shares of the oil and gas company’s stock worth $862,000 after buying an additional 49,231 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Tetra Technologies by 16.1% in the second quarter. Alliancebernstein L.P. now owns 144,573 shares of the oil and gas company’s stock worth $403,000 after buying an additional 20,000 shares in the last quarter. Engineers Gate Manager LP purchased a new position in shares of Tetra Technologies during the second quarter worth about $356,000. Finally, Adirondack Research & Management Inc. increased its position in shares of Tetra Technologies by 2.3% in the second quarter. Adirondack Research & Management Inc. now owns 769,175 shares of the oil and gas company’s stock worth $2,146,000 after buying an additional 17,000 shares in the last quarter. Institutional investors own 93.54% of the company’s stock.
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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