TETRA Technologies, Inc. (NYSE:TTI) traded down 9.9% on Thursday . The company traded as low as $3.45 and last traded at $3.47. 1,002,326 shares changed hands during trading, an increase of 18% from the average session volume of 848,323 shares. The stock had previously closed at $3.85.

A number of equities research analysts have recently weighed in on the company. Scotia Howard Weill reissued a “sector perform” rating on shares of TETRA Technologies in a report on Friday, January 12th. Howard Weil downgraded TETRA Technologies from a “sector outperform” rating to a “sector perform” rating in a report on Friday, January 12th. Scotiabank downgraded TETRA Technologies to a “hold” rating in a report on Thursday, January 11th. Zacks Investment Research downgraded TETRA Technologies from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Finally, Piper Jaffray Companies set a $5.00 target price on TETRA Technologies and gave the stock a “buy” rating in a report on Friday, December 29th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $5.00.

The company has a quick ratio of 1.38, a current ratio of 2.24 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of $402.13, a PE ratio of -8.33 and a beta of 0.77.

TETRA Technologies (NYSE:TTI) last issued its quarterly earnings results on Thursday, November 9th. The oil and gas company reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.06. TETRA Technologies had a negative return on equity of 6.89% and a negative net margin of 5.47%. The company had revenue of $216.36 million for the quarter, compared to analysts’ expectations of $218.65 million. During the same quarter last year, the business earned ($0.05) earnings per share. TETRA Technologies’s revenue was up 22.5% on a year-over-year basis. sell-side analysts expect that TETRA Technologies, Inc. will post -0.15 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of TTI. Energy Opportunities Capital Management LLC bought a new position in TETRA Technologies in the fourth quarter valued at about $100,000. JPMorgan Chase & Co. grew its position in TETRA Technologies by 3,012.3% in the second quarter. JPMorgan Chase & Co. now owns 46,187 shares of the oil and gas company’s stock valued at $129,000 after acquiring an additional 44,703 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in TETRA Technologies by 326.0% in the second quarter. Cubist Systematic Strategies LLC now owns 47,942 shares of the oil and gas company’s stock valued at $134,000 after acquiring an additional 36,687 shares during the last quarter. GSA Capital Partners LLP grew its position in TETRA Technologies by 73.7% in the second quarter. GSA Capital Partners LLP now owns 57,037 shares of the oil and gas company’s stock valued at $159,000 after acquiring an additional 24,198 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new position in TETRA Technologies in the fourth quarter valued at about $167,000. Institutional investors own 90.34% of the company’s stock.

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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.

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