Tetra Technologies, Inc. (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.

TTI has been the subject of several other reports. Zacks Investment Research raised Tetra Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Royal Bank Of Canada reissued a “hold” rating and set a $3.25 price objective on shares of Tetra Technologies in a report on Thursday, July 20th. Loop Capital increased their price objective on Tetra Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a report on Friday, November 10th. BidaskClub lowered Tetra Technologies from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Finally, Wells Fargo & Company increased their price objective on Tetra Technologies from $3.50 to $5.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $5.00.

Tetra Technologies (NYSE TTI) traded up $0.04 during mid-day trading on Tuesday, hitting $3.54. The stock had a trading volume of 1,469,700 shares, compared to its average volume of 1,290,261. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.24 and a quick ratio of 1.38. 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 data on Thursday, November 9th. The oil and gas company reported $0.04 earnings per share for the quarter, beating the 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 business had revenue of $216.36 million during the quarter, compared to analyst estimates of $218.65 million. During the same period in the prior year, the company earned ($0.05) earnings per share. Tetra Technologies’s revenue was up 22.5% compared to the same quarter last year. analysts anticipate that Tetra Technologies will post -0.16 earnings per share for the current fiscal year.

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Several hedge funds have recently modified their holdings of TTI. UBS Asset Management Americas Inc. raised its position in shares of Tetra Technologies by 96.8% in 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 buying an additional 28,952 shares in the last quarter. American International Group Inc. grew its stake in shares of Tetra Technologies by 14.3% during 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 buying an additional 8,603 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Tetra Technologies by 5.3% during 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 buying an additional 44,908 shares during the last quarter. Teachers Advisors LLC grew its stake in shares of Tetra Technologies by 46.4% during 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 buying an additional 82,388 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of 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 worth $550,000 after purchasing an additional 17,900 shares during the last quarter. Institutional investors own 91.18% of the company’s stock.

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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