TETRA Technologies, Inc. (NYSE:TTI) shares fell 9.9% during trading on Thursday . The company traded as low as $3.45 and last traded at $3.47. 1,002,326 shares traded hands during mid-day trading, an increase of 18% from the average session volume of 848,323 shares. The stock had previously closed at $3.85.

A number of brokerages recently commented on TTI. Loop Capital upped their price target on shares of TETRA Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Wells Fargo & Co upped their price target on shares of TETRA Technologies from $3.50 to $5.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. Scotia Howard Weill reiterated a “sector perform” rating on shares of TETRA Technologies in a research note on Friday, January 12th. ValuEngine upgraded shares of TETRA Technologies from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 14th. Finally, Piper Jaffray Companies set a $5.00 price target on shares of TETRA Technologies and gave the company a “buy” rating in a research note on Friday, December 29th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $5.00.

The company has a market capitalization of $446.17, a PE ratio of -8.07 and a beta of 0.77. The company has a quick ratio of 1.38, a current ratio of 2.24 and a debt-to-equity ratio of 1.63.

TETRA Technologies (NYSE:TTI) last announced its earnings results on Thursday, November 9th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.06. TETRA Technologies had a negative net margin of 5.47% and a negative return on equity of 6.89%. The firm had revenue of $216.36 million for the quarter, compared to analyst estimates of $218.65 million. During the same quarter in the prior year, the business posted ($0.05) EPS. The business’s revenue was up 22.5% compared to the same quarter last year. equities research analysts expect that TETRA Technologies, Inc. will post -0.15 earnings per share for the current year.

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its position in shares of TETRA Technologies by 3,012.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 46,187 shares of the oil and gas company’s stock worth $129,000 after purchasing an additional 44,703 shares in the last quarter. Cubist Systematic Strategies LLC grew its position in shares of TETRA Technologies by 326.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 47,942 shares of the oil and gas company’s stock worth $134,000 after purchasing an additional 36,687 shares in the last quarter. GSA Capital Partners LLP grew its position in shares of TETRA Technologies by 73.7% during the 2nd quarter. GSA Capital Partners LLP now owns 57,037 shares of the oil and gas company’s stock worth $159,000 after purchasing an additional 24,198 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of TETRA Technologies during the 4th quarter worth approximately $167,000. Finally, BNP Paribas Arbitrage SA grew its position in shares of TETRA Technologies by 68.0% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 58,889 shares of the oil and gas company’s stock worth $168,000 after purchasing an additional 23,839 shares in the last quarter. Hedge funds and other institutional investors own 90.34% of the company’s stock.

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TETRA Technologies Company Profile

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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