NYSE:TTI

TETRA Technologies (TTI) Stock Forecast, Price & News

$6.38

-0.13 (-2.00%)

(As of 09/29/2023 08:54 PM ET)

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Today's Range: $6.31
▼
$6.57
50-Day Range: $4.17
▼
$6.51
52-Week Range: $2.43
▼
$6.64

Volume: 3.11 million shs
Average Volume: 1.42 million shs
Market Capitalization: $826.59 million

P/E Ratio: 35.45
Dividend Yield: N/A
Price Target: $7.67

TETRA Technologies MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 20.2% Upside
$7.67 Price Target
Short Interest: Healthy
2.90% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.31
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 60.00%
From $0.30 to $0.48 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.17 out of 5 stars

Oils/Energy Sector

118th out of 246 stocks

Crude Petroleum & Natural Gas Industry

48th out of 80 stocks

2.5

Analyst's Opinion

Consensus Rating
TETRA Technologies has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $7.67, TETRA Technologies has a forecasted upside of 20.2% from its current price of $6.38.
Amount of Analyst Coverage
TETRA Technologies has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.90% of the float of TETRA Technologies has been sold short.
Short Interest Ratio / Days to Cover
TETRA Technologies has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in TETRA Technologies has recently increased by 21.43%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
TETRA Technologies does not currently pay a dividend.
Dividend Growth
TETRA Technologies does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TTI.

2.4

News and Social Media Coverage

News Sentiment
TETRA Technologies has a news sentiment score of 0.31. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.63 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for TETRA Technologies this week, compared to 2 articles on an average week.
Search Interest
Only 9 people have searched for TTI on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
17 people have added TETRA Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 113% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, TETRA Technologies insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.75% of the stock of TETRA Technologies is held by insiders.
Percentage Held by Institutions
61.80% of the stock of TETRA Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for TETRA Technologies are expected to grow by 60.00% in the coming year, from $0.30 to $0.48 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of TETRA Technologies is 35.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.66.
Price to Earnings Ratio vs. Sector
The P/E ratio of TETRA Technologies is 35.45, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 11.84.
Price to Book Value per Share Ratio
TETRA Technologies has a P/B Ratio of 7.69. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About TETRA Technologies (NYSE:TTI) Stock

TETRA Technologies, Inc., together with its subsidiaries, operates as an energy services and solutions company. It operates through two segments, Completion Fluids & Products Division and Water & Flowback Services. The Completion Fluids & Products segment manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, as well as in Latin America, Europe, Asia, the Middle East, and Africa. This segment also markets liquid and dry calcium chloride products; and TETRA PureFlow ultra-pure zinc bromide to battery technology companies. The Water & Flowback Services segment provides water management services for onshore oil and gas operators. This segment also offers frac flowback, production well testing, and other associated services in oil and gas producing regions in the United States and Mexico, as well as in various basins in Latin America, Africa, Europe, and the Middle East. The company was incorporated in 1981 and is headquartered in The Woodlands, Texas.

TTI Price History

30 days | 90 days | 365 days | Advanced Chart

TTI Stock News Headlines

September 30, 2023 | americanbankingnews.com

TETRA Technologies (NYSE:TTI) Reaches New 12-Month High at $6.56

September 30, 2023 | americanbankingnews.com

TETRA Technologies (NYSE:TTI) Now Covered by Benchmark

October 2, 2023 | Behind the Markets (Ad)

66,000% upside on tiny biotech?

The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.

September 29, 2023 | finance.yahoo.com

Tetra Technologies (TTI) Surges 5.0%: Is This an Indication of Further Gains?

September 28, 2023 | markets.businessinsider.com

Tetra's Diversified Future: Lithium, Zinc Bromide, And Water Recycling Poised To Reshape Earnings, Highlights Analyst

September 28, 2023 | msn.com

Tetra Technologies reallies as Benchmark launches with Buy recommendation

September 21, 2023 | seekingalpha.com

Tetra Technologies: Executing Well

September 18, 2023 | finance.yahoo.com

Tetra Technologies (TTI) Is a Great Choice for 'Trend' Investors, Here's Why

October 2, 2023 | Behind the Markets (Ad)

66,000% upside on tiny biotech?

September 12, 2023 | finance.yahoo.com

Tetra Technologies (TTI) Soars 7.2%: Is Further Upside Left in the Stock?

September 6, 2023 | finance.yahoo.com

TETRA TECHNOLOGIES, INC. TO PARTICIPATE IN THE H.C. WAINWRIGHT 25TH ANNUAL GLOBAL INVESTMENT CONFERENCE

September 6, 2023 | markets.businessinsider.com

Tetra Pharm Technologies concludes preclinical testing of TPT0301 in preparation of First-in-Human clinical trials

August 31, 2023 | finance.yahoo.com

Here's Why Momentum in Tetra Technologies (TTI) Should Keep going

August 28, 2023 | finance.yahoo.com

What TETRA Technologies, Inc.'s (NYSE:TTI) ROE Can Tell Us

August 21, 2023 | finance.yahoo.com

Can Tetra Technologies (TTI) Run Higher on Rising Earnings Estimates?

August 18, 2023 | finance.yahoo.com

What Makes Tetra Technologies (TTI) a Strong Momentum Stock: Buy Now?

August 15, 2023 | finance.yahoo.com

Here's What Could Help Tetra Technologies (TTI) Maintain Its Recent Price Strength

August 3, 2023 | msn.com

Stifel Maintains Tetra Technologies (TTI) Buy Recommendation

August 2, 2023 | markets.businessinsider.com

Stifel Maintains Buy Rating for Tetra Technologies: Here's What You Need To Know

August 2, 2023 | finance.yahoo.com

This Small-Cap Energy Stock Could Double From Current Levels

August 2, 2023 | finance.yahoo.com

Q2 2023 Tetra Technologies Inc Earnings Call

August 1, 2023 | finance.yahoo.com

TETRA TECHNOLOGIES, INC. ANNOUNCES STRONG SECOND QUARTER 2023 RESULTS WITH REVENUE OF $175.5 MILLION, GAAP EPS OF $0.14, GAAP NET INCOME OF $18.2 MILLION AND ADJUSTED EBITDA OF $36.0 MILLION

August 1, 2023 | finance.yahoo.com

Tetra Technologies (TTI) Q2 Earnings and Revenues Beat Estimates

July 28, 2023 | benzinga.com

Earnings Outlook For Tetra Technologies

July 12, 2023 | finance.yahoo.com

Investors Will Want TETRA Technologies' (NYSE:TTI) Growth In ROCE To Persist

July 5, 2023 | markets.businessinsider.com

TETRA Sees Q2 Revenues At High End Of Prior Outlook Range

July 5, 2023 | markets.businessinsider.com

TETRA Shares Climb In Pre-market On Increased Q2 Expectations

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TTI Company Calendar

Last Earnings: 7/31/2023
Today: 10/02/2023
Next Earnings (Estimated): 10/30/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Crude petroleum & natural gas
Sub-Industry: Oil & Gas Equipment & Services
Sector: Oils/Energy
Current Symbol: NYSE:TTI
CUSIP: 88162F10
CIK: 844965
Web: www.tetratec.com
Phone: (281) 367-1983
Fax: 281-364-4398
Employees: 1,300
Year Founded: 1981

Price Target and Rating

Average Stock Price Forecast: $7.67
High Stock Price Forecast: $8.00
Low Stock Price Forecast: $7.00
Forecasted Upside/Downside: +20.2%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.18
Trailing P/E Ratio: 35.45
Forward P/E Ratio: 21.27
P/E Growth: N/A
Net Income: $7.84 million
Net Margins: 3.75%
Pretax Margin: 4.89%
Return on Equity: 22.94%
Return on Assets: 6.04%

Debt

Debt-to-Equity Ratio: 1.14
Current Ratio: 2.07
Quick Ratio: 1.42

Sales & Book Value

Annual Sales: $553.21 million
Price / Sales: 1.49
Cash Flow: $0.43 per share
Price / Cash Flow: 14.78
Book Value: $0.83 per share
Price / Book: 7.69

Miscellaneous

Outstanding Shares: 129,560,000
Free Float: 123,403,000
Market Cap: $826.59 million
Optionable: Optionable
Beta: 2.51

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Key Executives

Mr. Brady M. Murphy (Age 63)
Pres, CEO & Director
Comp: $3.74M

Mr. Elijio V. Serrano (Age 65)
Sr. VP & CFO
Comp: $1.77M

Mr. Richard D. O'Brien (Age 47)
VP of Fin. & Global Controller and Accounting
Comp: $794.9k

Mr. Matthew J. Sanderson (Age 49)
Exec. VP & Chief Commercial Officer
Comp: $1.35M

Mr. Timothy C. Moeller (Age 59)
Sr. Vice-Pres of Global Supply Chain & Chemicals
Comp: $982.54k

Rigo Gonzalez
Corp. Fin. & Investor Relations Mang.

Ms. Alicia P. Boston (Age 51)
Gen. Counsel & Chief Compliance Officer

Ms. Elisabeth K. Evans (Age 60)
VP of HR

Mr. Roy Evan McNiven (Age 42)
Sr. VP of Energy Services Operations

Mr. Kimberly M. O'Brien
Corp. Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TTI Stock - Frequently Asked Questions

Should I buy or sell TETRA Technologies stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TETRA Technologies in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" TTI shares.
View TTI analyst ratings or view top-rated stocks.
What is TETRA Technologies' stock price forecast for 2023?: 3 analysts have issued 12-month price objectives for TETRA Technologies' stock. Their TTI share price forecasts range from $7.00 to $8.00. On average, they anticipate the company's share price to reach $7.67 in the next twelve months. This suggests a possible upside of 20.2% from the stock's current price.
View analysts price targets for TTI or view top-rated stocks among Wall Street analysts.
How have TTI shares performed in 2023?: TETRA Technologies' stock was trading at $3.46 at the start of the year. Since then, TTI stock has increased by 84.4% and is now trading at $6.38.
View the best growth stocks for 2023 here.
Are investors shorting TETRA Technologies?: TETRA Technologies saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 3,400,000 shares, an increase of 21.4% from the August 31st total of 2,800,000 shares. Based on an average daily volume of 1,860,000 shares, the short-interest ratio is currently 1.8 days. Currently, 2.9% of the shares of the company are short sold.
View TETRA Technologies' Short Interest.
When is TETRA Technologies' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
View our TTI earnings forecast.
How were TETRA Technologies' earnings last quarter?: TETRA Technologies, Inc. (NYSE:TTI) posted its quarterly earnings data on Monday, July, 31st. The oil and gas company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.08 by $0.05. The oil and gas company earned $175.46 million during the quarter, compared to analysts' expectations of $168.90 million. TETRA Technologies had a net margin of 3.75% and a trailing twelve-month return on equity of 22.94%.
What ETFs hold TETRA Technologies' stock?: ETFs with the largest weight of TETRA Technologies (NYSE:TTI) stock in their portfolio include Horizon Kinetics Energy and Remediation ETF (NVIR).Invesco S&P Global Water Index ETF (CGW).
What guidance has TETRA Technologies issued on next quarter's earnings?: TETRA Technologies issued an update on its second quarter 2023 earnings guidance on Thursday, July, 13th. The company provided EPS guidance of for the period. The company issued revenue guidance of $175.00 million-$175.00 million, compared to the consensus revenue estimate of $169.97 million.

What is Brady M. Murphy's approval rating as TETRA Technologies' CEO?: 1 employees have rated TETRA Technologies Chief Executive Officer Brady M. Murphy on Glassdoor.com. Brady M. Murphy has an approval rating of -100% among the company's employees. This puts Brady M. Murphy in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of TETRA Technologies own?: Based on aggregate information from My MarketBeat watchlists, some companies that other TETRA Technologies investors own include CA (CA), Endologix (ELGX), BlackRock (BLK), Hawkins (HWKN), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), Aegean Marine Petroleum Network (ANW), Gran Tierra Energy (GTE), NIC (EGOV) and Transocean (RIG).
What is TETRA Technologies' stock symbol?: TETRA Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "TTI."
How do I buy shares of TETRA Technologies?: Shares of TTI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is TETRA Technologies' stock price today?: One share of TTI stock can currently be purchased for approximately $6.38.
How much money does TETRA Technologies make?: TETRA Technologies (NYSE:TTI) has a market capitalization of $826.59 million and generates $553.21 million in revenue each year. The oil and gas company earns $7.84 million in net income (profit) each year or $0.18 on an earnings per share basis.
How many employees does TETRA Technologies have?: The company employs 1,300 workers across the globe.
How can I contact TETRA Technologies?: TETRA Technologies' mailing address is 24955 INTERSTATE 45 NORTH, THE WOODLANDS TX, 77380. The official website for the company is www.tetratec.com. The oil and gas company can be reached via phone at (281) 367-1983, via email at eserrano@tetratec.com, or via fax at 281-364-4398.

This page (NYSE:TTI) was last updated on 10/2/2023 by MarketBeat.com Staff

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