TETRA Technologies, Inc. (NYSE:TTI) had its price objective upped by equities researchers at Morgan Stanley from $3.00 to $4.00 in a research report issued to clients and investors on Wednesday. The firm presently has an “equal weight” rating on the oil and gas company’s stock. Morgan Stanley’s target price indicates a potential upside of 7.82% from the company’s previous close.

A number of other analysts have also weighed in on the stock. ValuEngine upgraded shares of TETRA Technologies from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Royal Bank Of Canada restated a “hold” rating on shares of TETRA Technologies in a research note on Sunday, November 12th. Credit Suisse Group upped their target price on shares of TETRA Technologies from $3.50 to $4.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Loop Capital upped their target price on shares of TETRA Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Finally, Wells Fargo & Company upped their target price on shares of TETRA Technologies from $3.50 to $5.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. TETRA Technologies presently has a consensus rating of “Buy” and an average target price of $4.73.

Shares of TETRA Technologies (NYSE:TTI) traded up $0.13 on Wednesday, hitting $3.71. 1,920,000 shares of the stock traded hands, compared to its average volume of 920,490. TETRA Technologies has a 1-year low of $1.85 and a 1-year high of $5.98. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.38 and a current ratio of 2.24.

TETRA Technologies (NYSE:TTI) last issued its quarterly earnings results on Thursday, November 9th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.06. The business had revenue of $216.36 million for the quarter, compared to analysts’ expectations of $218.65 million. TETRA Technologies had a negative net margin of 0.62% and a positive return on equity of 5.43%. The business’s quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.05) earnings per share. analysts predict that TETRA Technologies will post -0.16 EPS for the current year.

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Institutional investors have recently made changes to their positions in the business. Ramsey Quantitative Systems purchased a new position in TETRA Technologies in the second quarter valued at approximately $666,000. Hartford Investment Management Co. purchased a new position in TETRA Technologies in the second quarter valued at approximately $118,000. JPMorgan Chase & Co. increased its stake in TETRA Technologies by 3,012.3% in the second quarter. JPMorgan Chase & Co. now owns 46,187 shares of the oil and gas company’s stock valued at $129,000 after purchasing an additional 44,703 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in TETRA Technologies by 326.0% in the second quarter. Cubist Systematic Strategies LLC now owns 47,942 shares of the oil and gas company’s stock valued at $134,000 after purchasing an additional 36,687 shares during the last quarter. Finally, GSA Capital Partners LLP increased its stake in TETRA Technologies by 73.7% in the second quarter. GSA Capital Partners LLP now owns 57,037 shares of the oil and gas company’s stock valued at $159,000 after purchasing an additional 24,198 shares during the last quarter. Institutional investors own 91.18% 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.

Analyst Recommendations for TETRA Technologies (NYSE:TTI)

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