TETRA Technologies’ (TTI) “Outperform” Rating Reiterated at Credit Suisse Group
Credit Suisse Group reaffirmed their outperform rating on shares of TETRA Technologies (NYSE:TTI) in a research note issued to investors on Thursday. The firm currently has a $4.20 price target on the oil and gas company’s stock, up from their previous price target of $4.00.
A number of other equities research analysts have also weighed in 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 target price 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 target price on the stock in a report on Thursday, November 16th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. TETRA Technologies presently has an average rating of Hold and a consensus price target of $5.02.
Shares of TETRA Technologies (NYSE TTI) opened at $3.75 on Thursday. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.96 and a quick ratio of 1.38. TETRA Technologies has a fifty-two week low of $1.85 and a fifty-two week high of $4.54. The firm has a market cap of $434.58, a PE ratio of -11.03, a P/E/G ratio of 3.43 and a beta of 0.79.
Large investors have recently bought and sold shares of the business. Energy Opportunities Capital Management LLC purchased a new stake in TETRA Technologies in the 4th quarter valued at about $100,000. Stone Ridge Asset Management LLC purchased a new stake in TETRA Technologies in the 4th quarter valued at about $107,000. Two Sigma Advisers LP purchased a new stake in TETRA Technologies in the 4th quarter valued at about $134,000. Teacher Retirement System of Texas purchased a new stake in TETRA Technologies in the 4th quarter valued at about $167,000. Finally, CNA Financial Corp purchased a new stake in TETRA Technologies in the 4th quarter valued at about $177,000. Hedge funds and other institutional investors own 88.97% 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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