Capital One Financial Equities Analysts Lower Earnings Estimates for TETRA Technologies, Inc. (TTI)

TETRA Technologies, Inc. (NYSE:TTI) – Equities researchers at Capital One Financial cut their FY2019 earnings per share estimates for shares of TETRA Technologies in a report released on Wednesday. Capital One Financial analyst L. Lemoine now forecasts that the oil and gas company will earn $0.11 per share for the year, down from their prior estimate of $0.12.

A number of other research firms have also recently commented on TTI. ValuEngine raised shares of TETRA Technologies from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 14th. Zacks Investment Research cut shares of TETRA Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Piper Jaffray Companies set a $5.00 target price on shares of TETRA Technologies and gave the stock a “buy” rating in a research note on Friday, December 29th. Howard Weil cut shares of TETRA Technologies from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, January 12th. Finally, Credit Suisse Group boosted their target price on shares of TETRA Technologies from $3.50 to $4.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $5.00.

TETRA Technologies (NYSE TTI) traded up $0.10 on Thursday, reaching $3.69. 790,702 shares of the company’s stock were exchanged, compared to its average volume of 825,823. TETRA Technologies has a one year low of $1.85 and a one year high of $4.77. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.24 and a quick ratio of 1.38.

Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC boosted its position in TETRA Technologies by 2.1% during the second quarter. FMR LLC now owns 12,257,594 shares of the oil and gas company’s stock worth $34,199,000 after acquiring an additional 250,100 shares during the last quarter. Vanguard Group Inc. boosted its position in TETRA Technologies by 6.3% during the second quarter. Vanguard Group Inc. now owns 10,594,952 shares of the oil and gas company’s stock worth $29,559,000 after acquiring an additional 625,816 shares during the last quarter. Algert Global LLC boosted its position in TETRA Technologies by 45.4% during the third quarter. Algert Global LLC now owns 205,081 shares of the oil and gas company’s stock worth $587,000 after acquiring an additional 64,041 shares during the last quarter. California Public Employees Retirement System boosted its position in TETRA Technologies by 33.5% during the second quarter. California Public Employees Retirement System now owns 180,300 shares of the oil and gas company’s stock worth $503,000 after acquiring an additional 45,200 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in TETRA Technologies by 17.7% during the third quarter. Russell Investments Group Ltd. now owns 2,269,671 shares of the oil and gas company’s stock worth $6,490,000 after acquiring an additional 341,617 shares during the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.

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TETRA Technologies Company Profile

TETRA Technologies, Inc is an oil and gas services company. The Company focuses on completion fluids and associated products and services, water management, production well testing, offshore rig cooling, compression services and equipment, and offshore services, such as decommissioning and diving. It is composed of five segments organized into four divisions: Fluids, Production Testing, Compression and Offshore.

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