Tetra Technologies which can be found using ticker (TTI) have now 4 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 8 and 6 and has a mean target at $7.00. Given that the stocks previous close was at $2.67 this now indicates there is a potential upside of 162.2%. The 50 day moving average now sits at $3.67 and the 200 day moving average is $3.94. The market capitalization for the company is $324m. Company Website: https://www.tetratec.com
The potential market cap would be $850m based on the market consensus.
TETRA Technologies, 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.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 50.4, revenue per share of 4.32 and a 3.24% return on assets.
