TETRA Technologies (TTI) is Reiterated by Cowen to Outperform, Lowers Price Target to $ 8

TETRA Technologies (TTI) was Reiterated by Cowen to “Outperform” while Lowering the Price Target of the company shares to $ 8 from a previous price target of $10 . Cowen advised their investors in a research report released on May 10, 2016.

Many Wall Street Analysts have commented on TETRA Technologies. TETRA Technologies was Downgraded by Scotia Howard Weil to ” Sector Perform” on Mar 28, 2016. Shares were Reiterated by Wunderlich on Feb 29, 2016 to “Buy” and Lowered the Price Target to $ 8 from a previous price target of $9 .

On the company’s financial health, TETRA Technologies reported $-0.24 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on May 9, 2016. Analyst had a consensus of $-0.17. The company had revenue of $169.20 million for the quarter, compared to analysts expectations of $205.17 million. The company’s revenue was down -32.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.03 EPS.

TETRA Technologies closed down -0.32 points or -4.91% at $6.2 with 11,13,648 shares getting traded on Friday. Post opening the session at $6.43, the shares hit an intraday low of $6.18 and an intraday high of $6.68 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 9, 2015, John F Glick (director) purchased 18,100 shares at $5.54 per share price.

TETRA Technologies Inc. is an oil and gas services company. The Company is focused on completion fluids and associated products and services 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 Company has a limited domestic oil and gas production business. It is composed of five segments organized into four divisions: Fluids Production Testing Compression and Offshore. The Company’s Fluids division manufactures and markets clear brine fluids additives and associated products and services. The Production Testing division provides frac flowback production well testing offshore rig cooling and other associated services. The Compression division is a provider of compression services and equipment. The Offshore division provides downhole and subsea services decommissioning and certain construction services.

TETRA Technologies

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