Shares of Tetra Technologies Inc. (NYSE:TTI) dropped 3.4% during mid-day trading on Wednesday . The stock traded as low as $5.94 and last traded at $5.98, with a volume of 442,099 shares. The stock had previously closed at $6.19.

Several analysts have weighed in on the company. Morgan Stanley assumed coverage on Tetra Technologies in a research report on Wednesday. They set an “overweight” rating on the stock. Zacks Investment Research raised Tetra Technologies from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research report on Wednesday. Simmons reaffirmed an “overweight” rating on shares of Tetra Technologies in a research report on Wednesday. Wunderlich cut their price objective on Tetra Technologies from $10.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, June 10th. Finally, Royal Bank Of Canada cut their price objective on Tetra Technologies from $6.25 to $6.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $8.13.

The stock’s market capitalization is $486.14 million. The firm has a 50-day moving average price of $6.08 and a 200 day moving average price of $6.02.

Tetra Technologies (NYSE:TTI) last posted its quarterly earnings data on Monday, August 8th. The company reported ($0.15) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.03. During the same period last year, the company earned $0.16 earnings per share. The firm earned $175.66 million during the quarter, compared to analysts’ expectations of $188.42 million. The business’s revenue for the quarter was down 44.5% compared to the same quarter last year. Equities research analysts anticipate that Tetra Technologies Inc. will post ($0.46) earnings per share for the current year.

In related news, VP Elisabeth K. Evans sold 16,205 shares of the stock in a transaction dated Thursday, June 23rd. The shares were sold at an average price of $6.02, for a total value of $97,554.10. Following the sale, the vice president now directly owns 31,908 shares of the company’s stock, valued at approximately $192,086.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Peter J. Pintar sold 20,545 shares of the stock in a transaction dated Wednesday, June 29th. The stock was sold at an average price of $5.90, for a total transaction of $121,215.50. Following the completion of the sale, the vice president now directly owns 324,179 shares in the company, valued at $1,912,656.10. The disclosure for this sale can be found here.

Other institutional investors recently modified their holdings of the company. Trexquant Investment LP bought a new position in shares of Tetra Technologies during the fourth quarter worth approximately $1,386,000. Victory Capital Management Inc. raised its position in shares of 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, State of Wisconsin Investment Board raised its position in shares of 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.

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.

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