In a report released today, Bobby Brooks, CFA from Northland Securities maintained a Buy rating on Tetra Technologies (TTI – Research Report), with a price target of $6.00. The company’s shares closed yesterday at $4.17.
According to TipRanks, Brooks, CFA is a 3-star analyst with an average return of 13.0% and an 80.00% success rate. Brooks, CFA covers the Industrials sector, focusing on stocks such as Ceco Environmental, Crane NXT, and Atmus Filtration Technologies, Inc..
Tetra Technologies has an analyst consensus of Strong Buy, with a price target consensus of $7.00, which is a 67.87% upside from current levels. In a report released on May 7, Benchmark Co. also maintained a Buy rating on the stock with a $8.00 price target.
Based on Tetra Technologies’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $150.97 million and a net profit of $915 thousand. In comparison, last year the company earned a revenue of $146.21 million and had a net profit of $6.04 million
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Tetra Technologies (TTI) Company Description:
TETRA Technologies, Inc. is a geographically diversified oil and gas services company, engages in the completion of fluids and associated products and services. It operates through the following segments: Completion Fluids and Products; Compression; and Water and Flowback Services. The Completion Fluids and Products division manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry. The Compression division offers compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage. The Water and Flowback Services division provides onshore oil and gas operators with comprehensive water management services. The company was founded in 1981 and is headquartered in The Woodlands, TX.
