Stifel analyst Stephen Gengaro has revised the price target for Tetra Technologies (TTI, Financial), reducing it from $7 to $6.50. Despite this adjustment, Gengaro maintains a Buy rating on the stock. This update is part of a broader revision of earnings models for the firm's oilfield services and equipment group, conducted in anticipation of the upcoming Q1 earnings season.
The decision to lower the price target comes as the analyst predicts slightly less activity for the first quarter than previously anticipated, coupled with a more cautious approach to the near-term market outlook. These adjustments reflect the analyst's effort to align with evolving market conditions and expectations.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Tetra Technologies Inc (TTI, Financial) is $6.13 with a high estimate of $7.00 and a low estimate of $5.50. The average target implies an upside of 167.47% from the current price of $2.29. More detailed estimate data can be found on the Tetra Technologies Inc (TTI) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, Tetra Technologies Inc's (TTI, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Tetra Technologies Inc (TTI, Financial) in one year is $4.64, suggesting a upside of 102.62% from the current price of $2.29. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Tetra Technologies Inc (TTI) Summary page.
