Media stories about TETRA Technologies (NYSE:TTI) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TETRA Technologies earned a news impact score of 0.15 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 45.5371869512419 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
A number of equities analysts have recently weighed in on TTI shares. Zacks Investment Research cut TETRA Technologies from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Piper Jaffray set a $5.00 price target on TETRA Technologies and gave the stock a “buy” rating in a report on Friday, December 29th. Howard Weil cut TETRA Technologies from a “sector outperform” rating to a “sector perform” rating in a report on Friday, January 12th. ValuEngine cut TETRA Technologies from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. Finally, Scotiabank cut TETRA Technologies to a “hold” rating in a report on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $4.65.
TETRA Technologies stock traded up $0.07 during midday trading on Tuesday, reaching $3.60. 405,000 shares of the stock traded hands, compared to its average volume of 915,297. TETRA Technologies has a 12-month low of $1.85 and a 12-month high of $4.54. The stock has a market capitalization of $416.04, a price-to-earnings ratio of -17.10, a price-to-earnings-growth ratio of 10.61 and a beta of 0.69. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.95 and a quick ratio of 1.26.
TETRA Technologies (NYSE:TTI) last announced its earnings results on Wednesday, February 28th. The oil and gas company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). TETRA Technologies had a negative net margin of 4.76% and a negative return on equity of 4.20%. The firm had revenue of $227.60 million for the quarter, compared to analysts’ expectations of $211.40 million. During the same quarter last year, the business earned ($0.16) earnings per share. The business’s revenue was up 31.4% compared to the same quarter last year. equities research analysts anticipate that TETRA Technologies will post 0.01 earnings per share for the current year.
In other news, VP Elisabeth K. Evans bought 7,600 shares of the stock in a transaction that occurred on Wednesday, March 21st. The stock was bought at an average cost of $3.90 per share, for a total transaction of $29,640.00. Following the acquisition, the vice president now directly owns 63,342 shares of the company’s stock, valued at approximately $247,033.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.69% of the company’s stock.
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About TETRA Technologies
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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