Pretty Bad Rating Given to Tetra Technologies (NYSE:TTI) By a J.P. Morgan

September 17, 2017 - By Adrian Mccoy

 Pretty Bad Rating Given to Tetra Technologies (NYSE:TTI) By a J.P. Morgan

Investors sentiment increased to 1.59 in Q4 2016. Its up 0.09, from 1.5 in 2016Q3. It is positive, as 16 investors sold TETRA Technologies, Inc. shares while 47 reduced holdings. 38 funds opened positions while 62 raised stakes. 100.90 million shares or 27.18% more from 79.34 million shares in 2016Q3 were reported.

Bridgeway Cap Mngmt has 810,700 shares. Goldman Sachs Grp Inc Inc accumulated 0% or 503,338 shares. Wells Fargo Company Mn owns 3.23M shares or 0.01% of their US portfolio. Capstone Asset Co invested 0% in TETRA Technologies, Inc. (NYSE:TTI). Moreover, Lombard Odier Asset Mgmt (Usa) has 0.15% invested in TETRA Technologies, Inc. (NYSE:TTI). Maryland-based Sandy Spring Savings Bank has invested 0% in TETRA Technologies, Inc. (NYSE:TTI). Css Ltd Il holds 0.01% or 25,600 shares in its portfolio. Icon Advisers has invested 0.25% in TETRA Technologies, Inc. (NYSE:TTI). Secor Cap Limited Partnership owns 76,857 shares. Vanguard Group, a Pennsylvania-based fund reported 8.90 million shares. New York-based Blackrock has invested 0% in TETRA Technologies, Inc. (NYSE:TTI). Deprince Race And Zollo invested in 65,000 shares or 0.01% of the stock. Principal Finance Group Inc Incorporated reported 0.01% stake. Wealthtrust Axiom Limited Liability accumulated 266,655 shares or 0.49% of the stock. Aperio Group Limited Liability Company reported 28,262 shares.

Since March 17, 2017, it had 1 insider buy, and 0 selling transactions for $47,244 activity. BATES THOMAS R JR had bought 12,000 shares worth $47,244. Brightman Stuart M bought $154,132 worth of stock or 40,000 shares.

Tetra Technologies (NYSE:TTI) Receives a Downgrade

In a note shared with investors on 12 September, J.P. Morgan cut their rating for shares of Tetra Technologies (NYSE:TTI) to a “Hold”.

Investors sentiment increased to 1.59 in Q4 2016. Its up 0.09, from 1.5 in 2016Q3. It is positive, as 16 investors sold TETRA Technologies, Inc. shares while 47 reduced holdings. 38 funds opened positions while 62 raised stakes. 100.90 million shares or 27.18% more from 79.34 million shares in 2016Q3 were reported.

Bridgeway Cap Mngmt has 810,700 shares. Goldman Sachs Grp Inc Inc accumulated 0% or 503,338 shares. Wells Fargo Company Mn owns 3.23M shares or 0.01% of their US portfolio. Capstone Asset Co invested 0% in TETRA Technologies, Inc. (NYSE:TTI). Moreover, Lombard Odier Asset Mgmt (Usa) has 0.15% invested in TETRA Technologies, Inc. (NYSE:TTI). Maryland-based Sandy Spring Savings Bank has invested 0% in TETRA Technologies, Inc. (NYSE:TTI). Css Ltd Il holds 0.01% or 25,600 shares in its portfolio. Icon Advisers has invested 0.25% in TETRA Technologies, Inc. (NYSE:TTI). Secor Cap Limited Partnership owns 76,857 shares. Vanguard Group, a Pennsylvania-based fund reported 8.90 million shares. New York-based Blackrock has invested 0% in TETRA Technologies, Inc. (NYSE:TTI). Deprince Race And Zollo invested in 65,000 shares or 0.01% of the stock. Principal Finance Group Inc Incorporated reported 0.01% stake. Wealthtrust Axiom Limited Liability accumulated 266,655 shares or 0.49% of the stock. Aperio Group Limited Liability Company reported 28,262 shares.

Since March 17, 2017, it had 1 insider buy, and 0 selling transactions for $47,244 activity. BATES THOMAS R JR had bought 12,000 shares worth $47,244. Brightman Stuart M bought $154,132 worth of stock or 40,000 shares.

TETRA Technologies, Inc. (NYSE:TTI) Ratings Coverage

Among 13 analysts covering Tetra Technologies (NYSE:TTI), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Tetra Technologies has $12 highest and $3.25 lowest target. $7.38’s average target is 196.39% above currents $2.49 stock price. Tetra Technologies had 31 analyst reports since August 10, 2015 according to SRatingsIntel. The rating was maintained by Wunderlich on Monday, November 9 with “Buy”. The stock has “Buy” rating by Johnson Rice on Tuesday, May 10. The rating was initiated by Wells Fargo with “Outperform” on Tuesday, October 18. The company was maintained on Friday, September 1 by RBC Capital Markets. The firm has “Outperform” rating given on Tuesday, May 10 by RBC Capital Markets. On Thursday, December 22 the stock rating was initiated by Bank of America with “Buy”. Howard Weil upgraded TETRA Technologies, Inc. (NYSE:TTI) on Wednesday, November 16 to “Sector Outperform” rating. The rating was upgraded by Johnson Rice to “Buy” on Thursday, April 13. The firm has “Neutral” rating by Credit Suisse given on Tuesday, November 8. The stock of TETRA Technologies, Inc. (NYSE:TTI) earned “Hold” rating by Zacks on Thursday, August 13.

The stock increased 0.81% or $0.02 on September 15, reaching $2.49. About 4.99M shares traded or 299.20% up from the average. TETRA Technologies, Inc. (NYSE:TTI) has declined 31.41% since September 17, 2016 and is downtrending. It has underperformed by 48.11% the S&P500.

Wall Street await TETRA Technologies, Inc. (NYSE:TTI) to release earnings on November, 6. Analysts forecast earnings per share of $-0.02, up exactly $0.03 or 60.00 % from 2014’s $-0.05 EPS. After posting $-0.04 EPS for the previous quarter, TETRA Technologies, Inc.’s analysts now forecast -50.00 % EPS growth.

TETRA Technologies, Inc. is an oil and gas services company. The company has market cap of $288.59 million. The Firm focuses on completion fluids and associated services and products, water management, production well testing, offshore rig cooling, compression services and equipment, and offshore services, such as decommissioning and diving. It currently has negative earnings. It is composed of five divisions organized into four divisions: Fluids, Production Testing, Compression and Offshore.

More news for TETRA Technologies, Inc. (NYSE:TTI) were recently published by: Seekingalpha.com, which released: “Tetra Technologies – A Deep Water Turnaround Story” on August 29, 2017. Nasdaq.com‘s article titled: “Tetra Technologies (TTI) Catches Eye: Stock Jumps 10.7%” and published on September 15, 2017 is yet another important article.

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