Recent Research Analysts’ Ratings Changes for TETRA Technologies (TTI)

A number of research firms have changed their ratings and price targets for TETRA Technologies (NYSE: TTI):

  • 3/14/2017 – TETRA Technologies had its price target lowered by analysts at Simmons from $5.65 to $4.80. They now have an “overweight” rating on the stock.
  • 3/6/2017 – TETRA Technologies was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $6.00 price target on the stock, down previously from $8.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 3/4/2017 – TETRA Technologies was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “TETRA Technologies, Inc. is an energy services company with an integrated chemicals operation that supplies chemical products to energy markets, as well as other markets. TETRA is comprised of three divisions – Fluids, Well Abandonment/Decommissioning and Testing & Services. “
  • 3/2/2017 – TETRA Technologies was given a new $7.00 price target on by analysts at Scotiabank. They now have a “buy” rating on the stock.
  • 2/23/2017 – TETRA Technologies was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $5.25 price target on the stock. According to Zacks, “TETRA Technologies, Inc. is an energy services company with an integrated chemicals operation that supplies chemical products to energy markets, as well as other markets. TETRA is comprised of three divisions – Fluids, Well Abandonment/Decommissioning and Testing & Services. “
  • 2/21/2017 – TETRA Technologies was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “TETRA Technologies, Inc. is an energy services company with an integrated chemicals operation that supplies chemical products to energy markets, as well as other markets. TETRA is comprised of three divisions – Fluids, Well Abandonment/Decommissioning and Testing & Services. “
  • 2/14/2017 – TETRA Technologies was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $5.50 price target on the stock. According to Zacks, “TETRA Technologies, Inc. is an energy services company with an integrated chemicals operation that supplies chemical products to energy markets, as well as other markets. TETRA is comprised of three divisions – Fluids, Well Abandonment/Decommissioning and Testing & Services. “
  • 1/23/2017 – TETRA Technologies was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $5.00 price target on the stock.

TETRA Technologies (NYSE:TTI) last announced its quarterly earnings data on Wednesday, March 1st. The company reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by $0.05. The firm had revenue of $173.22 million for the quarter, compared to the consensus estimate of $170.47 million. TETRA Technologies had a negative return on equity of 8.79% and a negative net margin of 35.47%. The business’s revenue for the quarter was down 32.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 earnings per share.

In other TETRA Technologies news, insider Peter J. Pintar sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $5.00, for a total transaction of $250,000.00. Following the completion of the transaction, the insider now owns 212,262 shares of the company’s stock, valued at approximately $1,061,310. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Elijio V. Serrano acquired 15,000 shares of the business’s stock in a transaction dated Monday, March 13th. The stock was bought at an average cost of $3.79 per share, with a total value of $56,850.00. Following the acquisition, the insider now owns 375,263 shares in the company, valued at approximately $1,422,246.77. The disclosure for this purchase can be found here. Corporate insiders own 4.45% of the company’s stock.

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.

5 Day Chart for NYSE:TTI

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/recent-research-analysts-ratings-changes-for-tetra-technologies-tti/1708875.html

Receive News & Ratings for TETRA Technologies Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TETRA Technologies Inc and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *