November 23, 2016 - By Peter Kolinski
Trade amounting to approx. $75,761 US Dollars was published in a public report submitted to the (SEC) on November 22, 2016. According to which, Elisabeth Evans, the VP of Human Resources of Tetra Technologies Inc also an insider of the public firm had unloaded precisely 14,012 shares – ( at $5.4 for every share ). Elisabeth Evans right now owns 0.02% of the Company’s market capitalization with ownership of 17,303 shares.
Out of 10 analysts covering Tetra Technologies (NYSE:TTI), 9 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 90% are positive. $12 is the highest target while $6 is the lowest. The $8.31 average target is 52.48% above today’s ($5.45) stock price. Tetra Technologies has been the topic of 20 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The stock has “Overweight” rating given by Simmons & Co on Monday, August 10. The stock has “Neutral” rating given by Credit Suisse on Tuesday, November 8. The rating was reinitiated by Credit Suisse on Monday, July 18 with “Outperform”. Wunderlich maintained it with “Buy” rating and $6 target price in Tuesday, May 10 report. The firm has “Sector Outperform” rating given on Wednesday, November 16 by Howard Weil. Wunderlich maintained the shares of TTI in a report on Friday, June 10 with “Buy” rating. The stock has “Buy” rating given by Johnson Rice on Tuesday, May 10. Howard Weil downgraded TETRA Technologies, Inc. (NYSE:TTI) on Monday, March 28 to “Sector Perform” rating. The firm earned “Overweight” rating on Tuesday, November 10 by JP Morgan. RBC Capital Markets maintained it with “Outperform” rating and $7 target price in Tuesday, November 8 report.
Insitutional Activity: The institutional sentiment decreased to 1.5 in 2016 Q2. Its down 0.68, from 2.18 in 2016Q1. The ratio is negative, as 12 funds sold all TETRA Technologies, Inc. shares owned while 32 reduced positions. 31 funds bought stakes while 65 increased positions. They now own 80.80 million shares or 13.42% more from 71.24 million shares in 2016Q1.
State Street last reported 2.26 million shares in the company. Springbok Capital Management Lc has 7,300 shares for 0.01% of their US portfolio. Bancorp Of America Corporation De accumulated 0% or 649,022 shares. Menta Capital Ltd Liability Co has 0.03% invested in the company for 36,110 shares. Airain Ltd accumulated 0.02% or 50,469 shares. Teachers Advsrs holds 0% or 137,643 shares in its portfolio. Ameriprise Fin Inc has invested 0.01% of its portfolio in TETRA Technologies, Inc. (NYSE:TTI). Lucus Ltd accumulated 0.29% or 55,748 shares. Price T Rowe Assocs Incorporated Md owns 891,060 shares or 0% of their US portfolio. State Board Of Administration Of Florida Retirement Sys accumulated 0% or 75,282 shares. The New York-based Morgan Stanley has invested 0% in TETRA Technologies, Inc. (NYSE:TTI). Blackrock Institutional Trust Com Na has 0% invested in the company for 2.02 million shares. Citigroup last reported 0% of its portfolio in the stock. Columbia Ptnrs L L C Invest Management has 355,439 shares for 0.17% of their US portfolio. Hbk Invs Lp, a Texas-based fund reported 495,728 shares.
Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 2 selling transactions for $215,854 net activity. $60,849 worth of shares were sold by MEYER JOSEPH J on Tuesday, May 31. SCHILLING KEITH L also sold $155,005 worth of TETRA Technologies, Inc. (NYSE:TTI) shares.
The stock increased 2.25% or $0.12 during the last trading session, hitting $5.45. About 978,924 shares traded hands. TETRA Technologies, Inc. (NYSE:TTI) has declined 25.66% since April 20, 2016 and is downtrending. It has underperformed by 30.22% the S&P500.
TETRA Technologies, Inc. is an oil and gas services company. The company has a market cap of $515.78 million. The Firm focuses on completion fluids and associated services and products, water management, production well testing, offshore rig cooling, compression services and equipment, and offshore services, such as decommissioning and diving. It currently has negative earnings. It is composed of five divisions organized into four divisions: Fluids, Production Testing, Compression and Offshore.
According to Zacks Investment Research, “TETRA Technologies, Inc. is an energy services company with an integrated chemicals operation that supplies chemical products to energy markets, as well as other markets. TETRA is comprised of three divisions – Fluids, Well Abandonment/Decommissioning and Testing & Services.”
More notable recent TETRA Technologies, Inc. (NYSE:TTI) news were published by: Prnewswire.com which released: “TETRA Technologies, Inc. Announces Third Quarter 2016 Results And Updates ..” on November 07, 2016, also Fool.com with their article: “A 10-Million-Share Equity Offering Sinks TETRA Technologies, Inc.’s Stock” published on June 16, 2016, Prnewswire.com published: “TETRA Technologies, Inc. Completes Its Tender Offer For Up To $25000000 Of Its ..” on December 08, 2015. More interesting news about TETRA Technologies, Inc. (NYSE:TTI) were released by: Prnewswire.com and their article: “TETRA Technologies, Inc. Announces Second Quarter 2016 Results” published on August 08, 2016 as well as Prnewswire.com‘s news article titled: “TETRA Technologies, Inc. To Purchase Series A Convertible Preferred Units From ..” with publication date: August 08, 2016.
TETRA Technologies, Inc., incorporated on February 06, 1981, is an gas and oil services company. The Firm focuses on completion fluids and associated services and products, 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 Firm has a limited domestic gas and oil production business. It is composed of five divisions organized into four divisions: Fluids, Production Testing, Compression and Offshore.
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