The stock of TETRA Technologies, Inc. (NYSE:TTI) is a huge mover today! About 537,815 shares traded hands. TETRA Technologies, Inc. (NYSE:TTI) has declined 3.88% since March 7, 2016 and is downtrending. It has underperformed by 11.48% the S&P500.
The move comes after 6 months positive chart setup for the $569.72M company. It was reported on Oct, 10 by Barchart.com. We have $9.92 PT which if reached, will make NYSE:TTI worth $330.44M more.
Analysts await TETRA Technologies, Inc. (NYSE:TTI) to report earnings on November, 4. They expect $-0.02 earnings per share, down 111.76% or $0.19 from last year’s $0.17 per share. After $-0.15 actual earnings per share reported by TETRA Technologies, Inc. for the previous quarter, Wall Street now forecasts -86.67% EPS growth.
TETRA Technologies, Inc. (NYSE:TTI) Ratings Coverage
Out of 9 analysts covering Tetra Technologies (NYSE:TTI), 8 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 89% are positive. Tetra Technologies has been the topic of 16 analyst reports since August 10, 2015 according to StockzIntelligence Inc. Howard Weil downgraded the shares of TTI in a report on Monday, March 28 to “Sector Perform” rating. On Thursday, August 11 the stock rating was initiated by Morgan Stanley with “Overweight”. As per Monday, November 9, the company rating was maintained by Wunderlich. As per Friday, June 10, the company rating was maintained by Wunderlich. The company was maintained on Tuesday, May 10 by RBC Capital Markets. Credit Suisse upgraded it to “Outperform” rating and $9 target price in Wednesday, June 1 report. Zacks upgraded TETRA Technologies, Inc. (NYSE:TTI) rating on Thursday, August 13. Zacks has “Hold” rating and $8.50 price target. The firm has “Overweight” rating given on Monday, August 10 by Simmons & Co. Wunderlich maintained TETRA Technologies, Inc. (NYSE:TTI) rating on Tuesday, May 10. Wunderlich has “Buy” rating and $6 price target. The stock of TETRA Technologies, Inc. (NYSE:TTI) has “Overweight” rating given on Tuesday, November 10 by JP Morgan.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment increased to 2.18 in Q2 2016. Its up 0.95, from 1.23 in 2016Q1. The ratio improved, as 12 funds sold all TETRA Technologies, Inc. shares owned while 32 reduced positions. 31 funds bought stakes while 65 increased positions. They now own 80.80 million shares or 13.42% more from 71.24 million shares in 2016Q1.
Cornerstone Cap Mngmt Limited Liability Corp holds 0.01% of its portfolio in TETRA Technologies, Inc. (NYSE:TTI) for 101,700 shares. Bnp Paribas Arbitrage Sa last reported 0% of its portfolio in the stock. Springbok Cap Management Limited has 0.01% invested in the company for 7,300 shares. Lucus Advsr Ltd Limited Liability Company holds 55,748 shares or 0.29% of its portfolio. Ent Services last reported 371 shares in the company. Secor Cap Lp has 0.01% invested in the company for 10,614 shares. Moreover, Profund Advsr Ltd Liability Com has 0.01% invested in TETRA Technologies, Inc. (NYSE:TTI) for 18,326 shares. Legal General Grp Inc Public Limited Liability Corp holds 20,802 shares or 0% of its portfolio. Balyasny Asset Mngmt Lc accumulated 24,900 shares or 0% of the stock. Invesco Ltd holds 430,074 shares or 0% of its portfolio. The Tennessee-based State Of Tennessee Treasury Department has invested 0% in TETRA Technologies, Inc. (NYSE:TTI). Tiaa Cref Invest Mngmt Ltd Liability Corporation holds 636,762 shares or 0% of its portfolio. Aqr Capital Management Ltd Liability Com accumulated 243,794 shares or 0% of the stock. Great West Life Assurance Can last reported 0% of its portfolio in the stock. Guggenheim Capital Ltd Liability Corp, a Illinois-based fund reported 12,585 shares.
Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 2 insider sales for $215,854 net activity. Shares for $155,005 were sold by SCHILLING KEITH L on Monday, August 29. MEYER JOSEPH J also sold $60,849 worth of TETRA Technologies, Inc. (NYSE:TTI) on Tuesday, May 31.
More notable recent TETRA Technologies, Inc. (NYSE:TTI) news were published by: Prnewswire.com which released: “TETRA Technologies, Inc. Announces Second Quarter 2016 Results” on August 08, 2016, also Prnewswire.com with their article: “Tetra Technologies, Inc. Announces Closing Of Public Offering Of Common Stock” published on June 21, 2016, Prnewswire.com published: “TETRA Technologies, Inc. To Purchase Series A Convertible Preferred Units From …” on August 08, 2016. More interesting news about TETRA Technologies, Inc. (NYSE:TTI) were released by: Prnewswire.com and their article: “TETRA Technologies, Inc. Announces $125 Million In Unsecured Notes Private …” published on November 06, 2015 as well as Prnewswire.com‘s news article titled: “TETRA Technologies, Inc. Announces Appointment Of Stephen A. Snider As A Director” with publication date: July 30, 2015.
TTI Company Profile
TETRA Technologies, Inc., incorporated on February 06, 1981, is an gas and oil services company. The Firm focuses on completion fluids and associated services and products, water management, frac flowback, production well testing, offshore rig cooling, compression services and equipment, and selected offshore services, including well plugging and abandonment, decommissioning and diving. The Firm has a limited domestic gas and oil production business. It is composed of five divisions organized into four divisions: Fluids, Production Testing, Compression and Offshore.
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