Press coverage about Tetra Technologies (NYSE:TTI) has been trending somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tetra Technologies earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave headlines about the oil and gas company an impact score of 45.2150127036391 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Tetra Technologies, Inc. (NYSE:TTI) Experiences Heavier than Average Trading Volume (newstrendstoday.com)
- Drilling Chemicals Market is expected to be the fastest growing market till forecast period 2024 (reports.pr-inside.com)
- Tetra Technologies, Inc. (TTI) Upgraded at Zacks Investment Research (americanbankingnews.com)
- Tetra Technologies Inc (TTI) Climbs Higher Over Past 5 Sessions – Evergreen Caller (evergreencaller.com)
- Tetra Technologies, Inc. (TTI) Given Average Rating of “Buy” by Brokerages (americanbankingnews.com)
Shares of Tetra Technologies (TTI) opened at 2.17 on Wednesday. Tetra Technologies has a 52-week low of $1.85 and a 52-week high of $6.34. The stock’s 50 day moving average is $2.24 and its 200 day moving average is $3.13. The firm’s market capitalization is $251.50 million.
Tetra Technologies (NYSE:TTI) last announced its quarterly earnings data on Wednesday, August 9th. The oil and gas company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.03). The business had revenue of $208.37 million during the quarter, compared to the consensus estimate of $204.19 million. Tetra Technologies had a negative return on equity of 9.56% and a negative net margin of 8.27%. The company’s revenue was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.15) earnings per share. On average, equities research analysts forecast that Tetra Technologies will post ($0.18) EPS for the current year.
TTI has been the subject of several research reports. Morgan Stanley dropped their price objective on shares of Tetra Technologies from $5.50 to $4.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 21st. ValuEngine cut shares of Tetra Technologies from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Zacks Investment Research cut shares of Tetra Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Royal Bank Of Canada restated a “hold” rating and issued a $3.25 price target on shares of Tetra Technologies in a research report on Thursday, July 20th. Finally, BidaskClub cut shares of Tetra Technologies from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $5.33.
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About Tetra Technologies
TETRA Technologies, Inc is an oil and gas services company. The Company focuses on completion fluids and associated products and services, water management, production well testing, offshore rig cooling, compression services and equipment, and offshore services, such as decommissioning and diving. It is composed of five segments organized into four divisions: Fluids, Production Testing, Compression and Offshore.
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