Is Tetra Technologies (NYSE:TTI) Worth Your Time and Dime After a J.P. Morgan Downgrade?

September 17, 2017 - By reb123z

 Is Tetra Technologies (NYSE:TTI) Worth Your Time and Dime After a J.P. Morgan Downgrade?

Investors sentiment increased to 1.59 in Q4 2016. Its up 0.09, from 1.5 in 2016Q3. It improved, as 16 investors sold TETRA Technologies, Inc. shares while 47 reduced holdings. 38 funds opened positions while 62 raised stakes. 100.90 million shares or 27.18% more from 79.34 million shares in 2016Q3 were reported.

Profund Advisors Limited Com stated it has 25,332 shares or 0.01% of all its holdings. Victory Capital Management has invested 0% in TETRA Technologies, Inc. (NYSE:TTI). Moreover, Sei Invs has 0% invested in TETRA Technologies, Inc. (NYSE:TTI). Boston Prtnrs holds 0.03% or 3.97 million shares in its portfolio. Us National Bank & Trust De reported 0% in TETRA Technologies, Inc. (NYSE:TTI). Thrivent Finance For Lutherans reported 0.02% stake. Pinebridge Invs L P has invested 0% of its portfolio in TETRA Technologies, Inc. (NYSE:TTI). Arizona State Retirement Systems owns 33,590 shares. Deutsche Bancorp Ag accumulated 164,250 shares. J Goldman And Communication Limited Partnership holds 350,400 shares. D E Shaw & reported 820,385 shares. Penn Cap Inc holds 0.36% or 1.15 million shares. Tudor Investment Corp Et Al owns 18,002 shares for 0% of their portfolio. Mason Street Advisors Ltd Company has 0% invested in TETRA Technologies, Inc. (NYSE:TTI). Gam Ag reported 241,310 shares stake.

Since March 17, 2017, it had 1 insider buy, and 0 insider sales for $47,244 activity. BATES THOMAS R JR also bought $47,244 worth of TETRA Technologies, Inc. (NYSE:TTI) shares. Brightman Stuart M bought $154,132 worth of TETRA Technologies, Inc. (NYSE:TTI) on Friday, March 17.

Tetra Technologies (NYSE:TTI) Receives a Downgrade

J.P. Morgan has decided to issue a report indicating that Tetra Technologies (NYSE:TTI) shares are now a ‘”Hold”‘ in an analyst report sent to investors and clients on Tuesday morning.

Investors sentiment increased to 1.59 in Q4 2016. Its up 0.09, from 1.5 in 2016Q3. It improved, as 16 investors sold TETRA Technologies, Inc. shares while 47 reduced holdings. 38 funds opened positions while 62 raised stakes. 100.90 million shares or 27.18% more from 79.34 million shares in 2016Q3 were reported.

Profund Advisors Limited Com stated it has 25,332 shares or 0.01% of all its holdings. Victory Capital Management has invested 0% in TETRA Technologies, Inc. (NYSE:TTI). Moreover, Sei Invs has 0% invested in TETRA Technologies, Inc. (NYSE:TTI). Boston Prtnrs holds 0.03% or 3.97 million shares in its portfolio. Us National Bank & Trust De reported 0% in TETRA Technologies, Inc. (NYSE:TTI). Thrivent Finance For Lutherans reported 0.02% stake. Pinebridge Invs L P has invested 0% of its portfolio in TETRA Technologies, Inc. (NYSE:TTI). Arizona State Retirement Systems owns 33,590 shares. Deutsche Bancorp Ag accumulated 164,250 shares. J Goldman And Communication Limited Partnership holds 350,400 shares. D E Shaw & reported 820,385 shares. Penn Cap Inc holds 0.36% or 1.15 million shares. Tudor Investment Corp Et Al owns 18,002 shares for 0% of their portfolio. Mason Street Advisors Ltd Company has 0% invested in TETRA Technologies, Inc. (NYSE:TTI). Gam Ag reported 241,310 shares stake.

Since March 17, 2017, it had 1 insider buy, and 0 insider sales for $47,244 activity. BATES THOMAS R JR also bought $47,244 worth of TETRA Technologies, Inc. (NYSE:TTI) shares. Brightman Stuart M bought $154,132 worth of TETRA Technologies, Inc. (NYSE:TTI) on Friday, March 17.

TETRA Technologies, Inc. (NYSE:TTI) Ratings Coverage

Among 13 analysts covering Tetra Technologies (NYSE:TTI), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Tetra Technologies has $12 highest and $3.25 lowest target. $7.38’s average target is 196.39% above currents $2.49 stock price. Tetra Technologies had 31 analyst reports since August 10, 2015 according to SRatingsIntel. Zacks upgraded the shares of TTI in report on Thursday, August 13 to “Hold” rating. The company was downgraded on Tuesday, September 12 by JP Morgan. The rating was maintained by Wunderlich with “Buy” on Tuesday, May 10. The rating was maintained by RBC Capital Markets on Friday, June 16 with “Hold”. Johnson Rice upgraded TETRA Technologies, Inc. (NYSE:TTI) on Tuesday, May 10 to “Buy” rating. The firm has “Sector Outperform” rating by Howard Weil given on Wednesday, November 16. The stock has “Outperform” rating by Credit Suisse on Tuesday, April 11. The rating was reinitiated by Credit Suisse with “Outperform” on Monday, July 18. The stock of TETRA Technologies, Inc. (NYSE:TTI) earned “Overweight” rating by JP Morgan on Tuesday, November 10. RBC Capital Markets maintained TETRA Technologies, Inc. (NYSE:TTI) on Friday, September 1 with “Hold” rating.

The stock increased 0.81% or $0.02 on September 15, reaching $2.49. About 4.99 million shares traded or 299.20% up from the average. TETRA Technologies, Inc. (NYSE:TTI) has declined 31.41% since September 17, 2016 and is downtrending. It has underperformed by 48.11% the S&P500.

Analysts await TETRA Technologies, Inc. (NYSE:TTI) to report earnings on November, 6. They expect $-0.02 EPS, up 60.00 % or $0.03 from last year’s $-0.05 per share. After $-0.04 actual EPS reported by TETRA Technologies, Inc. for the previous quarter, Wall Street now forecasts -50.00 % EPS growth.

TETRA Technologies, Inc. is an oil and gas services company. The company has market cap of $288.59 million. The Firm focuses on completion fluids and associated services and products, water management, production well testing, offshore rig cooling, compression services and equipment, and offshore services, such as decommissioning and diving. It currently has negative earnings. It is composed of five divisions organized into four divisions: Fluids, Production Testing, Compression and Offshore.

More news for TETRA Technologies, Inc. (NYSE:TTI) were recently published by: Nasdaq.com, which released: “Tetra Technologies (TTI) Catches Eye: Stock Jumps 10.7%” on September 15, 2017. Seekingalpha.com‘s article titled: “Tetra Technologies – A Deep Water Turnaround Story” and published on August 29, 2017 is yet another important article.

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