Tetra Technologies (NYSE:TTI) Upgraded by ValuEngine to Sell

Tetra Technologies (NYSE:TTI) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued on Tuesday, November 14th.

Several other brokerages also recently issued reports on TTI. Zacks Investment Research upgraded Tetra Technologies from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Scotiabank set a $4.00 target price on Tetra Technologies and gave the stock a “buy” rating in a research note on Tuesday, August 22nd. Wells Fargo & Company raised their price objective on Tetra Technologies from $3.50 to $5.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Royal Bank Of Canada set a $3.00 price objective on Tetra Technologies and gave the stock a “hold” rating in a research note on Saturday, October 7th. Finally, Loop Capital raised their target price on Tetra Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $4.73.

Shares of Tetra Technologies (TTI) traded up $0.11 during midday trading on Tuesday, reaching $4.13. The company’s stock had a trading volume of 1,792,958 shares, compared to its average volume of 1,533,570. The company has a current ratio of 2.24, a quick ratio of 1.38 and a debt-to-equity ratio of 1.63. Tetra Technologies has a 52 week low of $1.85 and a 52 week high of $5.98.

Tetra Technologies (NYSE:TTI) last announced its quarterly earnings results on Thursday, November 9th. The oil and gas company reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.06. The business had revenue of $216.36 million for the quarter, compared to analyst estimates of $218.65 million. Tetra Technologies had a negative return on equity of 6.89% and a negative net margin of 5.47%. Tetra Technologies’s quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.05) EPS. research analysts forecast that Tetra Technologies will post -0.16 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. UBS Asset Management Americas Inc. increased its holdings in Tetra Technologies by 96.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 58,849 shares of the oil and gas company’s stock worth $240,000 after purchasing an additional 28,952 shares in the last quarter. American International Group Inc. boosted its stake in shares of Tetra Technologies by 14.3% in the 1st quarter. American International Group Inc. now owns 68,652 shares of the oil and gas company’s stock worth $279,000 after buying an additional 8,603 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Tetra Technologies by 5.3% in the 1st quarter. Principal Financial Group Inc. now owns 899,203 shares of the oil and gas company’s stock worth $3,660,000 after buying an additional 44,908 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Tetra Technologies by 46.4% in the 1st quarter. Teachers Advisors LLC now owns 259,792 shares of the oil and gas company’s stock worth $1,057,000 after buying an additional 82,388 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in shares of Tetra Technologies by 15.3% in the 1st quarter. California Public Employees Retirement System now owns 135,100 shares of the oil and gas company’s stock worth $550,000 after buying an additional 17,900 shares during the last quarter. 90.78% of the stock is owned by institutional investors and hedge funds.

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About Tetra Technologies

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Tetra Technologies (NYSE:TTI)

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