TETRA Technologies (NYSE:TTI) was downgraded by Scotiabank to a “hold” rating in a research report issued to clients and investors on Thursday.

Other equities analysts have also issued reports about the stock. Loop Capital lifted their price objective on shares of TETRA Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Wells Fargo & Co lifted their price objective on shares of TETRA Technologies from $3.50 to $5.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. ValuEngine raised TETRA Technologies from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 14th. Zacks Investment Research raised TETRA Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, Royal Bank of Canada set a $3.00 target price on TETRA Technologies and gave the company a “hold” rating in a report on Saturday, October 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $5.00.

Shares of TETRA Technologies (NYSE:TTI) traded up $0.18 during trading on Thursday, reaching $4.31. 1,444,260 shares of the company’s stock traded hands, compared to its average volume of 887,229. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.24 and a quick ratio of 1.38. The stock has a market capitalization of $499.48, a price-to-earnings ratio of -10.02 and a beta of 0.99. TETRA Technologies has a one year low of $1.85 and a one year high of $5.09.

TETRA Technologies (NYSE:TTI) last announced its earnings results on Thursday, November 9th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 5.47% and a negative return on equity of 6.89%. The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.05) earnings per share. sell-side analysts predict that TETRA Technologies will post -0.14 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of TTI. JPMorgan Chase & Co. grew its holdings in 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 valued at $129,000 after buying an additional 44,703 shares during the period. Cubist Systematic Strategies LLC grew its holdings in 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 valued at $134,000 after buying an additional 36,687 shares during the period. GSA Capital Partners LLP grew its holdings in 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 valued at $159,000 after buying an additional 24,198 shares during the period. BNP Paribas Arbitrage SA grew its holdings in TETRA Technologies by 68.0% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 58,889 shares of the oil and gas company’s stock valued at $168,000 after buying an additional 23,839 shares during the period. Finally, Arizona State Retirement System grew its holdings in TETRA Technologies by 0.3% in the 2nd quarter. Arizona State Retirement System now owns 60,490 shares of the oil and gas company’s stock valued at $169,000 after buying an additional 200 shares during the period. Institutional investors own 90.55% of the company’s stock.

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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.

Analyst Recommendations for TETRA Technologies (NYSE:TTI)

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