News headlines about TETRA Technologies (NYSE:TTI) have been trending somewhat positive on Wednesday, according to Accern Sentiment. Accern rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TETRA Technologies earned a media sentiment score of 0.01 on Accern’s scale. Accern also gave news coverage about the oil and gas company an impact score of 47.0936106528372 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern’s analysis:
- \TETRA Technologies, Inc., (NYSE: TTI) – Investor’s Alert (Volatility Analysis) – Stock Watch (stocksnewstimes.com)
- Analyst Opinion Summary: Tile Shop Holdings, Inc. (TTS), TETRA Technologies, Inc. (TTI) – GkMen (gkmen.com)
- TETRA Technologies, Inc. (TTI) Receives $5.10 Consensus Target Price from Brokerages – Newburgh Gazette (newburghgazette.com)
- TETRA Technologies (TTI) Earns Sector Perform Rating from Scotia Howard Weill (americanbankingnews.com)
- Scotia Howard Weil Downgrades TETRA Technologies Inc. (TTI) to Sector Perform (streetinsider.com)
Several research analysts recently issued reports on the company. Zacks Investment Research lowered TETRA Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th. Piper Jaffray Companies set a $5.00 target price on TETRA Technologies and gave the company a “buy” rating in a research report on Friday, December 29th. Howard Weil lowered TETRA Technologies from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, January 12th. Scotia Howard Weill reaffirmed a “sector perform” rating on shares of TETRA Technologies in a research report on Friday, January 12th. Finally, Royal Bank of Canada set a $5.00 target price on TETRA Technologies and gave the company a “hold” rating in a research report on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $5.00.
TETRA Technologies (TTI) traded down $0.14 during trading on Wednesday, reaching $4.25. The company’s stock had a trading volume of 1,109,300 shares, compared to its average volume of 923,070. The company has a current ratio of 2.24, a quick ratio of 1.38 and a debt-to-equity ratio of 1.63. The stock has a market cap of $498.32, a P/E ratio of -9.88 and a beta of 0.99. TETRA Technologies has a twelve month low of $1.85 and a twelve month high of $5.09.
TETRA Technologies (NYSE:TTI) last posted its quarterly earnings results on Thursday, November 9th. The oil and gas company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.06. The business had revenue of $216.36 million for the quarter, compared to the consensus estimate of $218.65 million. TETRA Technologies had a negative return on equity of 6.89% and a negative net margin of 5.47%. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.05) EPS. analysts expect that TETRA Technologies will post -0.14 EPS for the current fiscal year.
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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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