ValuEngine upgraded shares of Tetra Technologies, Inc. (NYSE:TTI) from a strong sell rating to a sell rating in a research report report published on Tuesday.

A number of other equities analysts have also commented on the stock. Zacks Investment Research upgraded shares of Tetra Technologies from a sell rating to a hold rating in a research report on Thursday, September 7th. J P Morgan Chase & Co lowered shares of Tetra Technologies from an overweight rating to a neutral rating in a research report on Tuesday, September 12th. Piper Jaffray Companies set a $4.00 price target on shares of Tetra Technologies and gave the company a buy rating in a research report on Wednesday, October 11th. Royal Bank Of Canada restated a hold rating and issued a $3.25 price target on shares of Tetra Technologies in a research report on Thursday, July 20th. Finally, BidaskClub lowered shares of Tetra Technologies from a sell rating to a strong sell rating in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, ten have given 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 $5.09.

Tetra Technologies (TTI) traded down $0.19 during midday trading on Tuesday, reaching $3.50. 1,361,800 shares of the company were exchanged, compared to its average volume of 1,289,445. Tetra Technologies has a twelve month low of $1.85 and a twelve month high of $5.98. 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 (NYSE:TTI) last posted its earnings results on Thursday, November 9th. The oil and gas company reported $0.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.06. The business had revenue of $216.36 million for the quarter, compared to analysts’ expectations of $218.65 million. Tetra Technologies had a negative net margin of 5.47% and a negative return on equity of 6.89%. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. research analysts anticipate that Tetra Technologies will post -0.17 earnings per share for the current fiscal year.

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Several hedge funds have recently modified their holdings of the company. UBS Asset Management Americas Inc. boosted its holdings in Tetra Technologies by 96.8% during the first 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 during the last quarter. American International Group Inc. lifted its stake in Tetra Technologies by 14.3% in the first quarter. American International Group Inc. now owns 68,652 shares of the oil and gas company’s stock valued at $279,000 after acquiring an additional 8,603 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Tetra Technologies by 5.3% in the first quarter. Principal Financial Group Inc. now owns 899,203 shares of the oil and gas company’s stock valued at $3,660,000 after acquiring an additional 44,908 shares during the last quarter. Teachers Advisors LLC lifted its stake in Tetra Technologies by 46.4% in the first quarter. Teachers Advisors LLC now owns 259,792 shares of the oil and gas company’s stock valued at $1,057,000 after acquiring an additional 82,388 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in Tetra Technologies by 15.3% in the first quarter. California Public Employees Retirement System now owns 135,100 shares of the oil and gas company’s stock valued at $550,000 after acquiring an additional 17,900 shares during the last quarter. 91.18% of the stock is owned by institutional investors.

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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