TETRA Technologies (TTI) is Initiated by Wells Fargo to Outperform

TETRA Technologies (TTI) was Initiated by Wells Fargo to “Outperform”. Wells Fargo advised their investors in a research report released on Oct 18, 2016.

Many Wall Street Analysts have commented on TETRA Technologies. TETRA Technologies was Initiated by Morgan Stanley to “Overweight” on Aug 11, 2016.

On the company’s financial health, TETRA Technologies reported $-0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $-0.18. The company had revenue of $175.66 million for the quarter, compared to analysts expectations of $188.83 million. The company’s revenue was down -44.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.16 EPS.

TETRA Technologies opened for trading at $6.03 and hit $6.105 on the upside on Friday, eventually ending the session at $6.02, with a gain of 0.50% or 0.03 points. The heightened volatility saw the trading volume jump to 8,39,765 shares. Company has a market cap of $558 M.

In a different news, on Aug 30, 2016, Keith L Schilling (Sr. VP) sold 24,341 shares at $6.36 per share price. According to the SEC, on Jun 29, 2016, Bass C Jr Wallace (Sr. VP & General Counsel) sold 23,375 shares at $5.91 per share price. On Jun 29, 2016, Peter J Pintar (Sr. VP) sold 20,545 shares at $5.91 per share price, according to the Form-4 filing with the securities and exchange commission.

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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