The stock of TETRA Technologies, Inc. (NYSE:TTI) is a huge mover today! The stock decreased 6.40% or $0.34 during the last trading session, hitting $4.97. About 1.95M shares traded hands or 131.77% up from the average. TETRA Technologies, Inc. (NYSE:TTI) has declined 12.66% since April 4, 2016 and is downtrending. It has underperformed by 13.75% the S&P500.
The move comes after 9 months negative chart setup for the $446.38 million company. It was reported on Nov, 4 by Barchart.com. We have $4.32 PT which if reached, will make NYSE:TTI worth $58.03M less.
TETRA Technologies, Inc. (NYSE:TTI) Ratings Coverage
Out of 10 analysts covering Tetra Technologies (NYSE:TTI), 9 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 90% are positive. Tetra Technologies has been the topic of 17 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating given on Tuesday, November 10 by JP Morgan. The rating was upgraded by Zacks to “Hold” on Thursday, August 13. The firm earned “Sector Perform” rating on Monday, March 28 by Howard Weil. As per Tuesday, October 18, the company rating was initiated by Wells Fargo. Cowen & Co maintained it with “Outperform” rating and $8 target price in Tuesday, May 10 report. The stock has “Outperform” rating given by Credit Suisse on Monday, July 18. The firm has “Buy” rating given on Friday, June 10 by Wunderlich. The firm earned “Buy” rating on Monday, November 9 by Wunderlich. On Thursday, August 11 the stock rating was initiated by Morgan Stanley with “Overweight”. The firm earned “Overweight” rating on Monday, August 10 by Simmons & Co.
According to Zacks Investment Research, “TETRA Technologies, Inc. is an energy services company with an integrated chemicals operation that supplies chemical products to energy markets, as well as other markets. TETRA is comprised of three divisions – Fluids, Well Abandonment/Decommissioning and Testing & Services.”
Insitutional Activity: The institutional sentiment increased to 2.18 in 2016 Q2. Its up 0.95, from 1.23 in 2016Q1. The ratio increased, as 12 funds sold all TETRA Technologies, Inc. shares owned while 32 reduced positions. 31 funds bought stakes while 65 increased positions. They now own 80.80 million shares or 13.42% more from 71.24 million shares in 2016Q1.
Morgan Stanley reported 719,314 shares or 0% of all its holdings. Pub Employees Retirement Association Of Colorado has 0% invested in the company for 26,358 shares. Metropolitan Life Company Ny has invested 0% of its portfolio in TETRA Technologies, Inc. (NYSE:TTI). The Massachusetts-based Rhumbline Advisers has invested 0% in TETRA Technologies, Inc. (NYSE:TTI). Glg Partners Ltd Partnership, a United Kingdom-based fund reported 364,310 shares. Blackrock last reported 13,061 shares in the company. Goodwin Daniel L has invested 0.02% of its portfolio in TETRA Technologies, Inc. (NYSE:TTI). Gray Fincl Grp Incorporated Ga Adv Adv accumulated 21,963 shares or 0% of the stock. Wellington Mngmt Llp last reported 579,559 shares in the company. State Street accumulated 0% or 2.26 million shares. Raymond James holds 0% or 20,336 shares in its portfolio. Hsbc Holdings Pcl has 0% invested in the company for 14,508 shares. Sg Americas Securities Lc accumulated 16,182 shares or 0% of the stock. Manufacturers Life Ins The has 0% invested in the company for 55,380 shares. Prudential Fincl holds 345,580 shares or 0% of its portfolio.
Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 2 selling transactions for $215,854 net activity. Shares for $155,005 were sold by SCHILLING KEITH L. Shares for $60,849 were sold by MEYER JOSEPH J.
More recent TETRA Technologies, Inc. (NYSE:TTI) news were published by: Prnewswire.com which released: “TETRA Technologies, Inc. Announces Third Quarter 2016 Earnings Release …” on November 01, 2016. Also Prnewswire.com published the news titled: “TETRA Technologies, Inc. To Purchase Series A Convertible Preferred Units From …” on August 08, 2016. Fool.com‘s news article titled: “A 10-Million-Share Equity Offering Sinks TETRA Technologies, Inc.’s Stock” with publication date: June 16, 2016 was also an interesting one.
TTI Company Profile
TETRA Technologies, Inc., incorporated on February 06, 1981, is an gas and oil services company. The Firm focuses on completion fluids and associated services and products, water management, frac flowback, production well testing, offshore rig cooling, compression services and equipment, and selected offshore services, including well plugging and abandonment, decommissioning and diving. The Firm has a limited domestic gas and oil production business. It is composed of five divisions organized into four divisions: Fluids, Production Testing, Compression and Offshore.
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