Economy

Tetra Technologies Inc Institutional Investor Sentiment Increased in Q2 2017

Tetra Technologies (NYSE:TTI)'s trailing twelve month revenues are $726.1 Million, whereas its price to sales ratio for the same period is 0.44.

06/16/2016 - Tetra Technologies, Inc. had its "buy" rating reiterated by analysts at Wunderlich. As of the end of the quarter Adirondack Research & Management Inc. had bought 17,000 shares growing its stake by 2.3%.

The market experts are predicting a 39.73% rally, based on the high target price ($9.25) for IZEA, Inc. shares that is likely to be hit in the 52 weeks.

Analysts are speculating a 145.61% move, based on the high target price ($7) for the shares that is set to reach in the next 12 months. Out of 13 Wall Street analysts rating Tetra Technologies, 10 give it "Buy", 0 "Sell" rating, while 3 recommend "Hold". The company now has a consensus rating of "Buy" and an average price target of $5.33.

Tetra Technologies (NYSE:TTI) shares traded -2.81% down during most recent session to reach at the closing price of $2.77. Its book value per share for the most recent quarter is $2 while its price to book ratio for the same period is 1.38, as for as the company's cash per share for the most recent quarter is $0.2, however its price to cash per share ratio for the same period is 13.73. The company has market cap of $338.42 million. The stock's 50 day moving average price is $2.18 and its 200 day moving average price is $3.04.

Sunrun Inc. has a beta of 0.75, offering the possibility of a higher rate of return, but also posing more risk.

TETRA Technologies, Inc. (NYSE:TTI) was upgraded by research analysts at Johnson Rice from an "accumulate" rating to a "buy" rating in a research report issued on Thursday. (NYSE:TTI) to report on November, 6. its quarterly earnings Wall Street analysts expect $-0.02 EPS, up $0.03 or 60.00 % from last year's $-0.05 same quarter earnings. The firm earned $173.22 million during the quarter, compared to analyst estimates of $170.47 million. Revenue during the quarter was $137.85 million, representing 12% growth from $122.54 million in year-ago quarter. Finally, TIAA CREF Investment Management LLC raised its position in TETRA Technologies by 18.4% in the third quarter.

The company has mean EPS estimate of -0.05 reported by 14 number of analyst for the quarter ending Current Qtr.(Sep2017).

Royal Bank of Canada lowered TETRA Technologies from an "outperform" rating to a "sector perform" rating and reduced their price objective for the company from $6.00 to $5.00 in a research note on Friday, December 16th. The rating was upgraded by JP Morgan to "Overweight" on Tuesday, November 10. If you are viewing this piece of content on another publication, it was stolen and republished in violation of global trademark & copyright legislation. TETRA Technologies, Inc. (NYSE:TTI) has declined 31.41% since September 28, 2016 and is downtrending.

A number of hedge funds have recently bought and sold shares of TTI. Cubist Systematic Strategies, LLC now owns 47,942 shares worth $134,000. Municipal Employees Retirement System of MI raised its position in TETRA Technologies by 13.6% in the third quarter. Bank of Montreal Can now owns 163,984 shares of the oil and gas company's stock worth $667,000 after buying an additional 98,067 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in Tetra Technologies by 26.3% in the 1st quarter. Nationwide Fund Advisors boosted its holdings in Tetra Technologies by 11.5% in the 1st quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Tetra Technologies by 28.6% in the 1st quarter. Institutional investors own 91.01% of the company's stock.

Recent insider trends for TETRA Technologies, Inc. The Company focuses on completion fluids and associated products and services, water management, frac flowback, production well testing, offshore rig cooling, compression services and equipment, and selected offshore services, including well plugging and abandonment, decommissioning and diving. It is composed of five segments organized into four divisions: Fluids, Production Testing, Compression and Offshore.



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