TETRA Technologies (TTI) Rating Reiterated by Credit Suisse Group
Credit Suisse Group reaffirmed their outperform rating on shares of TETRA Technologies (NYSE:TTI) in a report issued on Thursday morning. Credit Suisse Group currently has a $4.20 target price on the oil and gas company’s stock, up from their previous target price of $4.00.
Several other research analysts have also issued reports on the stock. Scotiabank lowered shares of TETRA Technologies to a hold rating in a report on Thursday, January 11th. Scotia Howard Weill restated a sector perform rating on shares of TETRA Technologies in a report on Friday, January 12th. Royal Bank of Canada set a $5.00 price target on shares of TETRA Technologies and gave the stock a hold rating in a report on Thursday, December 21st. Howard Weil lowered shares of TETRA Technologies from a sector outperform rating to a sector perform rating in a report on Friday, January 12th. Finally, Zacks Investment Research upgraded shares of TETRA Technologies from a hold rating to a buy rating and set a $4.00 price objective for the company in a research note on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. TETRA Technologies has a consensus rating of Hold and an average price target of $5.02.
TETRA Technologies (NYSE:TTI) opened at $3.75 on Thursday. The company has a current ratio of 1.96, a quick ratio of 1.38 and a debt-to-equity ratio of 1.79. TETRA Technologies has a fifty-two week low of $1.85 and a fifty-two week high of $4.54. The stock has a market cap of $434.58, a P/E ratio of -11.03, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79.
Large investors have recently added to or reduced their stakes in the company. Energy Opportunities Capital Management LLC bought a new stake in shares of TETRA Technologies in the 4th quarter valued at $100,000. Stone Ridge Asset Management LLC bought a new stake in shares of TETRA Technologies in the 4th quarter valued at $107,000. Two Sigma Advisers LP bought a new stake in shares of TETRA Technologies in the 4th quarter valued at $134,000. Teacher Retirement System of Texas bought a new stake in shares of TETRA Technologies in the 4th quarter valued at $167,000. Finally, CNA Financial Corp bought a new stake in shares of TETRA Technologies in the 4th quarter valued at $177,000. Institutional investors own 88.97% 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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