Tetra Technologies (TTI) Earns Daily Coverage Optimism Score of 0.21
News headlines about Tetra Technologies (NYSE:TTI) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Tetra Technologies earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 46.1503686678119 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Several analysts have issued reports on TTI shares. Scotiabank set a $4.00 target price on shares of Tetra Technologies and gave the stock a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research lowered shares of Tetra Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. ValuEngine lowered shares of Tetra Technologies from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Credit Suisse Group lifted their price target 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. Finally, BidaskClub lowered shares of Tetra Technologies from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $4.73.
Tetra Technologies (TTI) opened at $4.03 on Friday. 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 current ratio of 2.24 and a quick ratio of 1.38.
Tetra Technologies (NYSE:TTI) last announced its quarterly earnings data on Thursday, November 9th. The oil and gas company reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.06. The firm had revenue of $216.36 million during the quarter, compared to analyst estimates of $218.65 million. Tetra Technologies had a negative net margin of 5.47% and a negative return on equity of 6.89%. Tetra Technologies’s revenue was up 22.5% on a year-over-year basis. During the same period last year, the firm posted ($0.05) EPS. equities analysts forecast that Tetra Technologies will post -0.16 earnings per share for the current year.
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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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