Tetra Technologies Incorporated (NYSE: TTI) was upgraded by research analysts at TheStreet from a “sell” rating to a “hold” rating in a report released on Monday.

The analysts wrote, “Tetra Technologies (TTI) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins.”

Tetra Technologies Incorporated opened at 8.96 on Monday. Tetra Technologies Incorporated has a 1-year low of $5.35 and a 1-year high of $9.81. The stock’s 50-day moving average is currently $8.81. The company has a market cap of $694.3 million and a price-to-earnings ratio of 44.80.

Tetra Technologies Incorporated last issued its quarterly earnings data on Thursday, February 28th. The company reported ($0.05) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.18 by $0.23. The company had revenue of $231.10 million for the quarter, compared to the consensus estimate of $222.58 million. During the same quarter last year, the company posted $0.06 earnings per share. Tetra Technologies Incorporated’s revenue was up 24.1% compared to the same quarter last year. Tetra Technologies Incorporated has set its Q1 guidance at $0.09-0.12 EPS. Analysts expect that Tetra Technologies Incorporated will post $0.80 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Sterne Agee upgraded shares of Tetra Technologies Incorporated from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, February 7th. They now have a $12.00 price target on the stock. Analysts at Wunderlich raised their price target on shares of Tetra Technologies Incorporated from $10.00 to $13.00 in a research note to investors on Tuesday, February 5th. They now have a “buy” rating on the stock.

TETRA Technologies, Inc. is an oil and gas services company, focused on completion fluids and other products, production testing, wellhead compression, and offshore services, including well plugging and abandonment, decommissioning and diving.

To view TheStreet’s full report, visit www.thestreetratings.com

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