Martes, 24 Noviembre, 2020

The Tetra Technologies, Inc. (TTI) Upgraded by Zacks Investment Research to Buy

The Tetra Technologies, Inc. (TTI) Upgraded by Zacks Investment Research to Buy The Tetra Technologies, Inc. (TTI) Upgraded by Zacks Investment Research to Buy
Manuel Armenta | 08 Marcha, 2017, 08:32

(NYSE:TTI) in a research report sent to investors on Thursday. 3 analysts said Hold signal for the stock.

Analyst recommendation for this stock stands at 2.10. Wunderlich lowered Tetra Technologies from a buy rating to a hold rating in a research report on Friday, December 9th. Credit Suisse Group AG lowered shares of TETRA Technologies from an outperform rating to a neutral rating and decreased their price target for the company from $8.00 to $5.00 in a report on Tuesday, November 8th.

Zacks Investment Research upgraded shares of Tetra Technologies, Inc. Moreover, BofA/Merrill issued Initiated rating for the stock on 22-Dec-16. The brokerage established its one-year price target of $43 on the stock implying limited potentials for upside from the current levels.

Shares of Tetra Technologies (NYSE:TTI) traded down 2.303% during midday trading on Thursday, reaching $4.455. The firm's market capitalization is $402.25 million. Tetra Technologies has a 1-year low of $4.29 and a 1-year high of $7.75.

TETRA Technologies (NYSE:TTI) last released its quarterly earnings results on Wednesday, March 1st. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.60 by $0.01. TETRA Technologies had a negative return on equity of 8.79% and a negative net margin of 35.47%. The firm had revenue of $173.22 million for the quarter, compared to analysts' expectations of $170.47 million. During the same period a year ago, the firm posted $0.10 earnings per share.

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Tetra Tech, Inc is a provider of consulting, engineering, program management, construction management, and technical services.

In related news, insider Peter J. Pintar sold 50,000 shares of the business's stock in a transaction that occurred on Wednesday, February 1st. FMR LLC now owns 5,793,798 shares of the company's stock valued at $29,085,000 after buying an additional 3,051,513 shares during the period. Following the transaction, the insider now directly owns 212,262 shares in the company, valued at approximately $1,061,310. The transaction was disclosed in a filing with the SEC, which is available at this link. The company's stock has fell -20.72 percent in the past five year.

TTI has been the topic of a number of other research reports. Victory Capital Management Inc. raised its position in Tetra Technologies by 0.5% in the third quarter. Public Employees Retirement System of OH now owns 51,564 shares of the company's stock valued at $1,585,000 after buying an additional 150 shares during the period. Isthmus Partners LLC boosted its position in Tetra Tech by 0.4% in the third quarter. Texas Permanent School Fund increased its stake in TETRA Technologies by 2.0% in the third quarter. Great West Life Assurance Co. Texas Permanent School Fund now owns 70,623 shares of the company's stock worth $432,000 after buying an additional 1,410 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Tetra Technologies by 2.5% in the third quarter. Louisiana State Employees Retirement System now owns 41,000 shares of the company's stock worth $251,000 after buying an additional 1,000 shares during the last quarter.

TETRA Technologies, Inc is an oil and gas services company. TETRA is comprised of three divisions - Fluids, Well Abandonment/Decommissioning and Testing & Services. 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.