Analyst Price Target Update on Tetra Technologies (NYSE:TTI)

Tetra Technologies (NYSE:TTI): 8 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $8.19 in Tetra Technologies (NYSE:TTI). However, the stock price could fluctuate by $ 1.93 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $12 price target with the lower price estimate is calculated at $6

Many analysts have stated their opinion on the company shares. Brokerage firm Credit Suisse upgrades its rating on Tetra Technologies (NYSE:TTI). As per the latest information, the brokerage house raises the price target to $9 per share from a prior target of $6.5. The shares have been rated Outperform. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 1, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities,The officer (VP Treasury) of Tetra Technologies Inc, Meyer Joseph J sold 11,246 shares at $5.43 on May 31, 2016. The Insider selling transaction had a total value worth of $61,066. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Tetra Technologies (NYSE:TTI) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.17 points or 2.59% at $6.4 with 842,463 shares getting traded. Post opening the session at $6.5, the shares hit an intraday low of $6.36 and an intraday high of $6.58 and the price was in this range throughout the day. The company has a market cap of $515 million and the number of outstanding shares have been calculated to be 80,441,557 shares. The 52-week high of Tetra Technologies (NYSE:TTI) is $9.44 and the 52-week low is $4.62.

TETRA Technologies, Inc. is an oil and gas services company. The Company is focused 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. The Company has a limited domestic oil and gas production business. It is composed of five segments organized into four divisions: Fluids, Production Testing, Compression and Offshore. The Companys Fluids division manufactures and markets clear brine fluids, additives, and associated products and services. The Production Testing division provides frac flowback, production well testing, offshore rig cooling and other associated services. The Compression division is a provider of compression services and equipment. The Offshore division provides downhole and subsea services, decommissioning and certain construction services.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.