Analysts’ forecast for TETRA Technologies
In this part, we’ll discuss Wall Street analysts’ forecasts for TETRA Technologies (TTI) as of July 12.
Analysts’ ratings for TETRA Technologies
Approximately 83% of the Wall Street analysts tracking TETRA Technologies rated it as a “buy” or some equivalent as of July 12. Approximately 17% of the sell-side analysts rated the company as a “hold,” while none of the analysts rated the company as a “sell” or some equivalent.
In comparison, ~52% of the sell-side analysts tracking Superior Energy Services (SPN) rated it as a “buy,” while 44% rated it as a “hold” as of July 12.
On April 12–July 12, the percentage of analysts recommending a “buy” for TETRA Technologies has increased from 77% to 83%. As of July 12, 2017, ~86% of the sell-side analysts recommended a “buy” for TETRA Technologies.
Wall Street analysts’ mean target price for TETRA Technologies as of July 12 was $6.1. Currently, TETRA Technologies is trading at ~$4.8, which implies ~27% upside at the current price. Analysts’ mean target price for TETRA Technologies was $4.4 a month ago.
Peers’ target prices
The mean target price, surveyed among sell-side analysts, for Pioneer Energy Services (PES) was $5.0 as of July 12. Pioneer Energy Services was trading at $5.6 as of July 12, which implies nearly 11% downside at the current price. The mean target price, surveyed among the sell-side analysts, for Core Laboratories (CLB) was $115.9 as of July 12. Core Laboratories was trading at $116.7 as of July 12, which implies nearly 1% downside at the current price.
To learn more, read Top Five Oilfield Equipment and Services Companies.