Tetra Technologies Inc. (NYSE:TTI) shares dropped 4.2% during mid-day trading on Monday . The company traded as low as $5.73 and last traded at $5.76, with a volume of 1,520,780 shares changing hands. The stock had previously closed at $6.01.

TTI has been the subject of a number of analyst reports. Zacks Investment Research cut Tetra Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th. Cowen and Company lifted their price target on Tetra Technologies from $8.00 to $10.00 and gave the company an “outperform” rating in a report on Tuesday, May 10th. Royal Bank Of Canada cut their price target on Tetra Technologies from $6.25 to $6.00 and set an “outperform” rating for the company in a report on Tuesday, May 10th. Wunderlich cut their price target on Tetra Technologies from $9.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, May 10th. Finally, Johnson Rice raised Tetra Technologies from an “accumulate” rating to a “buy” rating in a report on Tuesday, May 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $8.66.

The stock has a 50-day moving average of $6.08 and a 200-day moving average of $6.01. The company’s market capitalization is $463.34 million.

Tetra Technologies (NYSE:TTI) last issued its quarterly earnings results on Monday, May 9th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by $0.07. During the same period in the prior year, the business posted ($0.03) earnings per share. The business earned $169.20 million during the quarter, compared to analysts’ expectations of $204.66 million. The firm’s revenue was down 32.2% on a year-over-year basis. Equities research analysts predict that Tetra Technologies Inc. will post ($0.47) earnings per share for the current fiscal year.

In other news, VP Joseph J. Meyer sold 11,246 shares of the business’s stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $5.41, for a total value of $60,840.86. Following the completion of the sale, the vice president now owns 17,011 shares of the company’s stock, valued at approximately $92,029.51. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Bass C. Wallace, Jr. sold 10,300 shares of the business’s stock in a transaction dated Tuesday, June 28th. The shares were sold at an average price of $5.86, for a total value of $60,358.00. Following the completion of the sale, the vice president now directly owns 131,373 shares of the company’s stock, valued at approximately $769,845.78. The disclosure for this sale can be found here.

Several large investors recently added to or reduced their stakes in TTI. California State Teachers Retirement System raised its stake in Tetra Technologies by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 147,610 shares of the company’s stock worth $1,110,000 after buying an additional 2,662 shares during the period. State of Wisconsin Investment Board raised its stake in Tetra Technologies by 3.1% in the fourth quarter. State of Wisconsin Investment Board now owns 149,348 shares of the company’s stock worth $1,123,000 after buying an additional 4,466 shares during the period. Victory Capital Management Inc. raised its stake in Tetra Technologies by 15.9% in the fourth quarter. Victory Capital Management Inc. now owns 156,817 shares of the company’s stock worth $1,179,000 after buying an additional 21,495 shares during the period. Finally, Trexquant Investment LP bought a new stake in Tetra Technologies during the fourth quarter worth $1,386,000.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.