Tetra Technologies, Inc. (TTI) Rating Increased to Sell at ValuEngine

Tetra Technologies, Inc. (NYSE:TTI) was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued on Tuesday.

A number of other research firms also recently weighed in on TTI. Scotiabank set a $4.00 target price on shares of Tetra Technologies and gave the stock a “buy” rating in a research report on Tuesday, August 22nd. Zacks Investment Research upgraded shares of Tetra Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Piper Jaffray Companies set a $4.00 price target on shares of Tetra Technologies and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Royal Bank Of Canada set a $3.00 price target on shares of Tetra Technologies and gave the stock a “hold” rating in a research note on Saturday, October 7th. Finally, J P Morgan Chase & Co cut shares of Tetra Technologies from an “overweight” rating to a “neutral” rating in a research note on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Tetra Technologies currently has an average rating of “Buy” and a consensus target price of $5.09.

Shares of Tetra Technologies (NYSE TTI) opened at $3.69 on Tuesday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.38 and a current ratio of 2.24. Tetra Technologies has a 1 year low of $1.85 and a 1 year high of $5.98.

Tetra Technologies (NYSE:TTI) last released its earnings results on Thursday, November 9th. The oil and gas company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.06. The firm had revenue of $216.36 million for the quarter, compared to the consensus estimate of $218.65 million. Tetra Technologies had a negative net margin of 5.47% and a negative return on equity of 6.89%. The company’s revenue was up 22.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.05) EPS. equities research analysts forecast that Tetra Technologies will post -0.22 EPS for the current year.

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Large investors have recently modified their holdings of the company. Ramsey Quantitative Systems bought a new position in shares of Tetra Technologies in the 2nd quarter worth approximately $666,000. Hartford Investment Management Co. bought a new position in shares of Tetra Technologies in the 2nd quarter worth approximately $118,000. JPMorgan Chase & Co. lifted its stake in shares of Tetra Technologies by 3,012.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 46,187 shares of the oil and gas company’s stock worth $129,000 after purchasing an additional 44,703 shares during the period. Cubist Systematic Strategies LLC lifted its stake in shares of Tetra Technologies by 326.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 47,942 shares of the oil and gas company’s stock worth $134,000 after purchasing an additional 36,687 shares during the period. Finally, GSA Capital Partners LLP lifted its stake in shares of Tetra Technologies by 73.7% in the 2nd quarter. GSA Capital Partners LLP now owns 57,037 shares of the oil and gas company’s stock worth $159,000 after purchasing an additional 24,198 shares during the period. Hedge funds and other institutional investors own 91.18% of the company’s stock.

Tetra Technologies Company Profile

TETRA Technologies, Inc is an oil and gas services company. The Company focuses on completion fluids and associated products and services, water management, production well testing, offshore rig cooling, compression services and equipment, and offshore services, such as decommissioning and diving. It is composed of five segments organized into four divisions: Fluids, Production Testing, Compression and Offshore.

Analyst Recommendations for Tetra Technologies (NYSE:TTI)

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