Stock Analysis:TETRA Technologies (NYSE:TTI) Stock Target Has Been Increased
In recent note revealed to clients and investors by RBC Capital Markets on 18 December, TETRA Technologies (NYSE:TTI) had its target price per share hiked to $10.00. The firm currently has a solid Outperform rating on shares.
From a total of 10 analysts covering Tetra Technologies (NYSE:TTI) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $12 while the lowest target price is $9. The mean of all analyst targets is $10.55 with a 27.83% above today’s ($7.69) stock price. Tetra Technologies was the topic of 5 analyst reports since August 10, 2015 according to the firm StockzIntelligence Inc. JP Morgan upgraded shares on November 10 to “Overweight” rating. Zacks upgraded TTI stock in a recent report from August 13 to “Hold” rating.
Approximately 772,497 shares of stock traded hands. TETRA Technologies, Inc. (NYSE:TTI) has risen 15.26% since May 15, 2015 and is uptrending. It has outperformed by 19.07% the S&P500.
The overall sentiment of institutions has increased to 1.54 in Q2 2015. Its up 0.17, from 1.37 in 2015Q2. The ratio increased, as 14 institutions have sold all the shares of TETRA Technologies, Inc. that they owned while 36 funds have taken shares off the table. 23 funds have purchased shares for the first time while 54 added to their positions. These institutions now hold 64.63 million shares or 11.98% less than the 73.43 million shares they owned in 2015Q2.
The Fund Centaur Capital Partners L.P. currently is holding shares equating to 2.74% of its total portfolio in TETRA Technologies, Inc. representing a total of 75,000 shares. Another fund,Signia Capital Management Llc, is holding a total of 74,597 shares equating to 1.46% of their holdings. Additionally, Fuller & Thaler Asset Management Inc. has a 4.07 million share stake in TETRA Technologies, Inc. which represents 0.62% of their total portfolio. The Fund, Wealthtrust Axiom Llc, based out of Pennsylvania, has also built up a stake in the stock, which represents a total of 0.52% of their total portfolio. Finally Lombard Odier Asset Management (Usa) Corp, a fund which is based in the state of New York reported a total holdings of 721,631 shares.
TETRA Technologies, Inc. is an oil and gas services company. The company has a market cap of $647.46 million. The Firm is focused on completion fluids and associated services and products, 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 currently has negative earnings. The Firm has a limited domestic gas and oil production business.
According to Zacks Investment Research, “TETRA Technologies, Inc. is an energy services company with an integrated chemicals operation that supplies chemical products to energy markets, as well as other markets. TETRA is comprised of three divisions – Fluids, Well Abandonment/Decommissioning and Testing & Services.”