Tetra Technologies (NYSE:TTI) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.5 by 8 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 1 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Credit Suisse upgrades its rating on Tetra Technologies (NYSE:TTI). The global brokerage major raises the current price target from $6.5 per share to $9 per share. Analysts at the Credit Suisse have a current rating of Outperform on the shares. The shares were previously rated Neutral. The rating by the firm was issued on June 1, 2016.
Tetra Technologies (NYSE:TTI): According to 8 Analysts, The short term target price has been estimated at $ 8.06.The target price could deviate by a maximum of $1.82 from the forecast price. In the near term, the target price could hit a high of $12 and a low of $ 6.
Tetra Technologies (NYSE:TTI) witnessed a decline in the market cap on Tuesday as its shares dropped 0.34% or 0.02 points. After the session commenced at $5.82, the stock reached the higher end at $5.835 while it hit a low of $5.6. With the volume soaring to 1,098,030 shares, the last trade was called at $5.81. The company has a 52-week high of $9.44. The company has a market cap of $467 million and there are 80,441,557 shares in outstanding. The 52-week low of the share price is $4.62.
TETRA Technologies, Inc. has dropped 9.36% in the last five trading days, however, the shares have posted positive gains of 14.37% in the last 4 weeks. TETRA Technologies, Inc. has dropped 8.5% during the last 3-month period . Year-to-Date the stock performance stands at -22.74%.
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.