TETRA Technologies (TTI) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TETRA Technologies in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TTI shares.
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2 Wall Street research analysts have issued 12-month target prices for TETRA Technologies' stock. Their TTI share price forecasts range from $7.00 to $8.00. On average, they predict the company's stock price to reach $7.50 in the next year. This suggests a possible upside of 23.6% from the stock's current price.
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TETRA Technologies' stock was trading at $3.46 at the beginning of the year. Since then, TTI stock has increased by 75.4% and is now trading at $6.07.
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TETRA Technologies saw a increase in short interest in the month of August. As of August 15th, there was short interest totaling 2,780,000 shares, an increase of 31.8% from the July 31st total of 2,110,000 shares. Based on an average daily volume of 1,440,000 shares, the short-interest ratio is currently 1.9 days. Approximately 2.4% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
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TETRA Technologies, Inc. (NYSE:TTI) announced its quarterly earnings data on Monday, July, 31st. The oil and gas company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.05. The oil and gas company earned $175.46 million during the quarter, compared to analyst estimates of $168.90 million. TETRA Technologies had a net margin of 3.75% and a trailing twelve-month return on equity of 22.94%.

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).

TETRA Technologies issued an update on its second quarter 2023 earnings guidance on Thursday, July, 13th. The company provided earnings per share 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.

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.

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).

TETRA Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "TTI."

TETRA Technologies' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.83%), Gendell Jeffrey L (3.79%), State Street Corp (1.93%), Dimensional Fund Advisors LP (1.91%), Geode Capital Management LLC (1.77%) and Maven Securities LTD (1.70%). Insiders that own company stock include Brady M Murphy, Elijio V Serrano, Matthew Sanderson, Richard D O'brien, Roy Mcniven, Thomas R Bates Jr, Timothy C Moeller and William D Sullivan.
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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.
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One share of TTI stock can currently be purchased for approximately $6.07.

TETRA Technologies (NYSE:TTI) has a market capitalization of $786.43 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.

The company employs 1,300 workers across the globe.

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.