Economy

Earnings on the Doorstep For TETRA Technologies, Inc

Equity Research firms now have a positive stance on shares of Impinj, Inc. (NYSE:TTI), we can see that the current 14-day level is 73.02. The brokerage now has $8.00 target price on the stock. The volume of 0.87 Million shares climbed down over an trading activity of 1.11 Million shares. The company reported ($0.05) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.05).

Now insiders hold 1,678,830 shares in the business which makes up 2.97% of shares. Breaking that down further, it has performed 14.96% for the week, 15.38% for the month, 29.63% over the last quarter, 1.94% for the past half-year and -36.62% for this a year ago.

At the moment 8 analysts are watching Tetra Tech, Inc. Vanguard Group Inc. now owns 10,594,952 shares of the oil and gas company's stock worth $29,559,000 after buying an additional 625,816 shares during the last quarter. Societe Generale purchased a new position in Tetra Technologies during the second quarter valued at about $103,000. SG Americas Securities LLC now owns 16,182 shares of the company's stock valued at $103,000 after buying an additional 3,523 shares during the last quarter. Institutional investors and hedge funds own 90.87% of the company's stock. (TTI)'s shares. The total value of these holdings, in millions, is $322. A rating of 4 or 5 would indicate a consensus Sell recommendation. Zacks Investment Research downgraded shares of Tetra Technologies from a buy rating to a hold rating in a research report on Thursday, August 4th. Finally, J P Morgan Chase & Co lowered Tetra Technologies from an "overweight" rating to a "neutral" rating in a report on Tuesday, September 12th. Piper Jaffray Companies set a $4.00 price target on Tetra Technologies and gave the company a "buy" rating in a research note on Wednesday, October 11th. Finally, Royal Bank Of Canada reiterated a "hold" rating and set a $3.25 price target on shares of Tetra Technologies in a research note on Thursday, July 20th. (NASDAQ:TTEK), 2 rate it "Buy", 2 "Outperform", 4 "Underperform", 0 "Sell", while 0 "Hold". This represents a change from most recent open price of 3.15%. (NYSE:TTI)'s stock has been -34.26%. For the past 5 days of trading, the stock has seen a move of 9.15%. Based on a recent bid, the stock is trading -59.11% away from it's 52- week high and 24.58% away from its 52 week low.

Currently, the stock carries a price to earnings ratio of 3.55, a price to book ratio of 1.94, and a price to sales ratio of 3.65.

Tetra Technologies (NYSE:TTI) last released its quarterly earnings results on Monday, November 7th. The business had revenue of $208.37 million during the quarter, compared to the consensus estimate of $204.19 million. Tetra Technologies's revenue for the quarter was up 18.6% compared to the same quarter previous year. EPS ratio determined by looking at last 12 month figures is -0.62.

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