TETRA Technologies (TTI) was Reiterated by Wunderlich to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 10 from a previous price target of $6 . Wunderlich advised their investors in a research report released on Jun 10, 2016.
Many Wall Street Analysts have commented on TETRA Technologies. TETRA Technologies was Upgraded by Credit Suisse to ” Outperform” on Jun 1, 2016. Shares were Reiterated by Wunderlich on May 10, 2016 to “Buy” and Lowered the Price Target to $ 6 from a previous price target of $9 .TETRA Technologies was Upgraded by Johnson Rice to ” Buy” on May 10, 2016.
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 -0.07 points or -1.08% at $6.44 with 6,91,808 shares getting traded on Thursday. Post opening the session at $6.41, the shares hit an intraday low of $6.28 and an intraday high of $6.53 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Jun 1, 2016, Joseph J Meyer (VP Treasury) sold 11,246 shares at $5.43 per share price. According to the SEC, 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.