Tetra Technologies, Inc. (NYSE:TTI) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Thursday.

TTI has been the topic of several other reports. Credit Suisse Group upgraded Tetra Technologies from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $5.00 to $5.50 in a research report on Tuesday, April 11th. Johnson Rice upgraded Tetra Technologies from an “accumulate” rating to a “buy” rating and set a $6.00 price target on the stock in a research report on Thursday, April 13th. Zacks Investment Research lowered Tetra Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Morgan Stanley reduced their price target on Tetra Technologies from $5.50 to $4.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 21st. Finally, Royal Bank Of Canada restated a “hold” rating and set a $3.25 price target on shares of Tetra Technologies in a research report on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Tetra Technologies presently has a consensus rating of “Buy” and a consensus target price of $5.90.

Tetra Technologies (NYSE:TTI) traded down 1.41% during trading on Thursday, hitting $2.80. The company had a trading volume of 511,729 shares. Tetra Technologies has a 1-year low of $2.49 and a 1-year high of $6.77. The company’s 50 day moving average price is $2.88 and its 200-day moving average price is $3.74. The stock’s market capitalization is $324.66 million.

Tetra Technologies (NYSE:TTI) last posted its quarterly earnings results on Wednesday, May 10th. The oil and gas company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.02. Tetra Technologies had a negative return on equity of 11.46% and a negative net margin of 10.90%. The business had revenue of $168 million for the quarter, compared to analyst estimates of $168.64 million. During the same period last year, the company earned ($0.16) EPS. Tetra Technologies’s revenue for the quarter was down .8% compared to the same quarter last year. On average, analysts expect that Tetra Technologies will post ($0.17) EPS for the current year.

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Large investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Tetra Technologies during the fourth quarter valued at $15,354,000. Bank of Montreal Can boosted its stake in Tetra Technologies by 148.8% in the first quarter. Bank of Montreal Can now owns 163,984 shares of the oil and gas company’s stock valued at $667,000 after buying an additional 98,067 shares during the period. Wells Fargo & Company MN boosted its stake in Tetra Technologies by 23.3% in the first quarter. Wells Fargo & Company MN now owns 3,987,876 shares of the oil and gas company’s stock valued at $16,230,000 after buying an additional 753,964 shares during the period. Prudential Financial Inc. boosted its stake in Tetra Technologies by 1.6% in the first quarter. Prudential Financial Inc. now owns 193,810 shares of the oil and gas company’s stock valued at $789,000 after buying an additional 3,080 shares during the period. Finally, Neuberger Berman Group LLC boosted its stake in Tetra Technologies by 3.9% in the first quarter. Neuberger Berman Group LLC now owns 3,109,849 shares of the oil and gas company’s stock valued at $12,657,000 after buying an additional 116,893 shares during the period. Institutional investors and hedge funds own 93.23% of the company’s stock.

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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