Zacks Investment Research downgraded shares of TETRA Technologies (NYSE:TTI) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

According to Zacks, “TETRA Technologies, Inc. is a geographically diversified oil and gas services company, focused on completion fluids and associated products and services, water management, frac flowback, production well testing, offshore rig cooling, compression services and equipment, and selected offshore services including well plugging and abandonment, decommissioning, and diving. TETRA is comprised of three divisions – Fluids, Well Abandonment/Decommissioning and Testing & Services. “

Other equities analysts also recently issued reports about the stock. Royal Bank of Canada set a $5.00 price target on shares of TETRA Technologies and gave the stock a hold rating in a report on Thursday, December 21st. Credit Suisse Group boosted their price target on shares of TETRA Technologies from $3.50 to $4.00 and gave the stock an outperform rating in a report on Friday, November 10th. Piper Jaffray Companies set a $4.00 price target on shares of TETRA Technologies and gave the stock a buy rating in a report on Wednesday, October 11th. Morgan Stanley boosted their price target on shares of TETRA Technologies from $3.00 to $4.00 and gave the stock an equal weight rating in a report on Wednesday, November 15th. Finally, ValuEngine raised shares of TETRA Technologies from a strong sell rating to a sell rating in a report on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $5.00.

TETRA Technologies (NYSE TTI) traded down $0.16 during midday trading on Friday, hitting $4.18. 715,200 shares of the stock traded hands, compared to its average volume of 815,333. TETRA Technologies has a 12-month low of $1.85 and a 12-month high of $5.09. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.38 and a current ratio of 2.24. The company has a market cap of $484.41, a price-to-earnings ratio of -9.72 and a beta of 0.99.

TETRA Technologies (NYSE:TTI) last posted its earnings results on Thursday, November 9th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.06. TETRA Technologies had a negative net margin of 5.47% and a negative return on equity of 6.89%. The firm had revenue of $216.36 million during the quarter, compared to analyst estimates of $218.65 million. During the same quarter in the prior year, the business posted ($0.05) EPS. The business’s revenue was up 22.5% compared to the same quarter last year. equities analysts forecast that TETRA Technologies will post -0.14 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the stock. FMR LLC boosted its holdings in shares of TETRA Technologies by 2.1% in the 2nd quarter. FMR LLC now owns 12,257,594 shares of the oil and gas company’s stock worth $34,199,000 after buying an additional 250,100 shares during the last quarter. Vanguard Group Inc. lifted its holdings in TETRA Technologies by 6.3% during the second quarter. Vanguard Group Inc. now owns 10,594,952 shares of the oil and gas company’s stock valued at $29,559,000 after purchasing an additional 625,816 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in TETRA Technologies by 0.7% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 8,059,378 shares of the oil and gas company’s stock valued at $23,050,000 after purchasing an additional 53,966 shares during the last quarter. Boston Partners lifted its holdings in TETRA Technologies by 8.7% during the third quarter. Boston Partners now owns 5,178,124 shares of the oil and gas company’s stock valued at $14,809,000 after purchasing an additional 415,120 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in TETRA Technologies by 18.7% during the second quarter. Dimensional Fund Advisors LP now owns 4,913,699 shares of the oil and gas company’s stock valued at $13,709,000 after purchasing an additional 774,482 shares during the last quarter. 90.55% of the stock is currently owned by institutional investors.

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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.

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