TETRA Technologies (TTI) is Upgraded by Credit Suisse to Outperform

TETRA Technologies (TTI) was Upgraded by Credit Suisse to ” Outperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Credit Suisse advised their investors in a research report released on Jun 1, 2016.

Many Wall Street Analysts have commented on TETRA Technologies. 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. Shares were Reiterated by Cowen on May 10, 2016 to “Outperform” and Lowered the Price Target to $ 8 from a previous price target of $10 .

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 opened for trading at $5.2 and hit $5.36 on the upside on Friday, eventually ending the session at $5.34, with a gain of 2.50% or 0.13 points. The heightened volatility saw the trading volume jump to 6,24,054 shares. Company has a market cap of $430 M.

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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