Price Action Don’t Lie: TETRA Technologies, Inc. Can’t Be More Safe. Trades Significantly Higher

Price Action Don't Lie: TETRA Technologies, Inc. Can't Be More Safe. Trades Significantly Higher

The stock of TETRA Technologies, Inc. (NYSE:TTI) is a huge mover today! About 364,142 shares traded hands. TETRA Technologies, Inc. (NYSE:TTI) has declined 23.30% since April 13, 2016 and is downtrending. It has underperformed by 27.23% the S&P500.
The move comes after 8 months positive chart setup for the $496.81M company. It was reported on Nov, 15 by Barchart.com. We have $13.78 PT which if reached, will make NYSE:TTI worth $784.96 million more.

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

Out of 10 analysts covering Tetra Technologies (NYSE:TTI), 8 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 80% are positive. Tetra Technologies has been the topic of 19 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The company was downgraded on Monday, March 28 by Howard Weil. Johnson Rice upgraded the shares of TTI in a report on Tuesday, May 10 to “Buy” rating. Morgan Stanley initiated the stock with “Overweight” rating in Thursday, August 11 report. The stock of TETRA Technologies, Inc. (NYSE:TTI) earned “Buy” rating by Wunderlich on Tuesday, May 10. The firm has “Buy” rating given on Monday, November 9 by Wunderlich. On Monday, August 10 the stock rating was upgraded by Simmons & Co to “Overweight”. The stock of TETRA Technologies, Inc. (NYSE:TTI) earned “Outperform” rating by RBC Capital Markets on Tuesday, May 10. RBC Capital Markets maintained it with “Outperform” rating and $7 target price in Tuesday, November 8 report. The rating was upgraded by Zacks on Thursday, August 13 to “Hold”. As per Tuesday, October 18, the company rating was initiated by Wells Fargo.

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.
Invesco Limited holds 430,074 shares or 0% of its portfolio. Moreover, Gray Fin Ga Adv Adv has 0% invested in TETRA Technologies, Inc. (NYSE:TTI) for 21,963 shares. Pnc Fincl has 0% invested in the company for 3,838 shares. Tudor Et Al reported 107,891 shares or 0.01% of all its holdings. The Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in TETRA Technologies, Inc. (NYSE:TTI). Deutsche Bancshares Ag holds 0% or 218,395 shares in its portfolio. Aqr Cap Mgmt Limited Liability Corporation last reported 243,794 shares in the company. Us Retail Bank De holds 0% of its portfolio in TETRA Technologies, Inc. (NYSE:TTI) for 17 shares. Neuberger Berman Grp Inc Ltd Liability reported 3.12 million shares or 0.03% of all its holdings. The New York-based Hutchin Hill Cap Lp has invested 0.05% in TETRA Technologies, Inc. (NYSE:TTI). Renaissance Techs Ltd has 0.01% invested in the company for 594,633 shares. The New York-based Group has invested 0% in TETRA Technologies, Inc. (NYSE:TTI). State Of Wisconsin Inv Board owns 149,348 shares or 0% of their US portfolio. Parametric Portfolio Assocs Ltd Liability Corp holds 804,087 shares or 0.01% of its portfolio. The Massachusetts-based Boston Partners has invested 0.03% in TETRA Technologies, Inc. (NYSE:TTI).

Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 2 sales for $215,854 net activity. On Tuesday, May 31 MEYER JOSEPH J sold $60,849 worth of the stock or 11,246 shares. SCHILLING KEITH L sold $155,005 worth of stock or 24,341 shares.

More notable recent TETRA Technologies, Inc. (NYSE:TTI) news were published by: Prnewswire.com which released: “TETRA Technologies, Inc. Announces Third Quarter 2016 Results And Updates …” on November 07, 2016, also Prnewswire.com with their article: “TETRA Technologies, Inc. To Purchase Series A Convertible Preferred Units From …” published on August 08, 2016, Fool.com published: “A 10-Million-Share Equity Offering Sinks TETRA Technologies, Inc.’s Stock” on June 16, 2016. More interesting news about TETRA Technologies, Inc. (NYSE:TTI) were released by: Prnewswire.com and their article: “Technical Roundup on Oil & Gas Stocks — McDermott, Tidewater, TETRA …” published on November 15, 2016 as well as Prnewswire.com‘s news article titled: “TETRA Technologies, Inc. Completes Its Tender Offer For Up To $25000000 Of Its …” with publication date: December 08, 2015.

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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