Stifel Nicolaus Keeps Their Buy Rating on Tetra Technologies (TTI)

Stifel Nicolaus analyst Stephen Gengaro reiterated a Buy rating on Tetra Technologies (TTI – Research Report) yesterday and set a price target of $6.50. The company’s shares closed last Friday at $2.95.

Confident Investing Starts Here:

• Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
• Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter

According to TipRanks, Gengaro is a 3-star analyst with an average return of 1.7% and a 38.73% success rate. Gengaro covers the Energy sector, focusing on stocks such as Baker Hughes Company, Tetra Technologies, and Cactus.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Tetra Technologies with a $6.17 average price target, representing a 109.15% upside. In a report released on May 2, Northland Securities also maintained a Buy rating on the stock with a $5.00 price target.

TTI market cap is currently $392.6M and has a P/E ratio of 3.52.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TTI in relation to earlier this year. Earlier this month, Kurt Hallead, the VP-Treasurer & IR of TTI bought 76,131.00 shares for a total of $208,598.94.