Tetra Technologies, Inc. (NYSE:TTI) was downgraded by research analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a research report issued on Tuesday.

Several other research analysts have also recently issued reports on TTI. Royal Bank Of Canada set a $5.00 price objective on Tetra Technologies and gave the stock a “hold” rating in a research report on Friday, June 16th. Morgan Stanley cut their price objective on Tetra Technologies from $5.50 to $4.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 21st. Zacks Investment Research cut Tetra Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. BidaskClub cut Tetra Technologies from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Finally, Scotiabank set a $4.00 price objective on Tetra Technologies and gave the stock a “buy” rating in a research report on Tuesday, August 22nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $5.33.

Tetra Technologies (NYSE TTI) opened at 2.06 on Tuesday. The stock’s market capitalization is $238.75 million. Tetra Technologies has a 12-month low of $1.85 and a 12-month high of $6.39. The stock’s 50 day moving average is $2.25 and its 200 day moving average is $3.14.

Tetra Technologies (NYSE:TTI) last released its quarterly earnings data on Wednesday, August 9th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The business had revenue of $208.37 million during the quarter, compared to analysts’ expectations of $204.19 million. Tetra Technologies had a negative return on equity of 9.56% and a negative net margin of 8.27%. The company’s revenue was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.15) EPS. Equities research analysts forecast that Tetra Technologies will post ($0.18) EPS for the current fiscal year.

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Several hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its position in shares of Tetra Technologies by 26.7% in the second quarter. The Manufacturers Life Insurance Company now owns 97,544 shares of the oil and gas company’s stock valued at $273,000 after buying an additional 20,584 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in shares of Tetra Technologies by 326.0% in the second quarter. Cubist Systematic Strategies LLC now owns 47,942 shares of the oil and gas company’s stock valued at $134,000 after buying an additional 36,687 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Tetra Technologies by 25.8% in the second quarter. Goldman Sachs Group Inc. now owns 460,589 shares of the oil and gas company’s stock valued at $1,285,000 after buying an additional 94,476 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Tetra Technologies by 18.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,913,699 shares of the oil and gas company’s stock valued at $13,709,000 after buying an additional 774,482 shares in the last quarter. Finally, Ramsey Quantitative Systems purchased a new position in shares of Tetra Technologies in the second quarter valued at $666,000. Institutional investors and hedge funds own 91.02% of the company’s stock.

About Tetra Technologies

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.

Analyst Recommendations for Tetra Technologies (NYSE:TTI)

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