J.P. Morgan Hits Tetra Technologies (NYSE:TTI) Hard With Today’s Downgrade

September 17, 2017 - By Vivian Currie

 J.P. Morgan Hits Tetra Technologies (NYSE:TTI) Hard With Today’s Downgrade

Investors sentiment increased to 1.59 in Q4 2016. Its up 0.09, from 1.5 in 2016Q3. It improved, as 16 investors sold TETRA Technologies, Inc. shares while 47 reduced holdings. 38 funds opened positions while 62 raised stakes. 100.90 million shares or 27.18% more from 79.34 million shares in 2016Q3 were reported.

Invesco Limited holds 0% of its portfolio in TETRA Technologies, Inc. (NYSE:TTI) for 615,882 shares. Bnp Paribas Arbitrage Sa stated it has 23,768 shares. Thrivent For Lutherans owns 701,740 shares or 0.02% of their US portfolio. Landscape Capital Mgmt Limited holds 40,882 shares. Capstone Asset Mngmt holds 21,002 shares or 0% of its portfolio. Creative Planning holds 0% of its portfolio in TETRA Technologies, Inc. (NYSE:TTI) for 44,000 shares. Hbk L P holds 0.02% or 360,797 shares. Louisiana State Employees Retirement Systems, Louisiana-based fund reported 37,300 shares. Wealthtrust Axiom Ltd Liability Com accumulated 266,655 shares. Sei Investments accumulated 0% or 10,585 shares. Blackrock Institutional Tru Company Na holds 0% or 2.71 million shares. Gam Ag reported 0.02% in TETRA Technologies, Inc. (NYSE:TTI). Connable Office Inc has 0.01% invested in TETRA Technologies, Inc. (NYSE:TTI) for 11,269 shares. Eqis Mgmt stated it has 0.01% in TETRA Technologies, Inc. (NYSE:TTI). Parametric Port Associate Lc accumulated 0.01% or 730,035 shares.

Since March 17, 2017, it had 1 insider buy, and 0 insider sales for $47,244 activity. 40,000 TETRA Technologies, Inc. (NYSE:TTI) shares with value of $154,132 were bought by Brightman Stuart M. BATES THOMAS R JR bought $47,244 worth of TETRA Technologies, Inc. (NYSE:TTI) on Wednesday, March 29.

Tetra Technologies (NYSE:TTI) Receives a Downgrade

J.P. Morgan decreased Tetra Technologies (NYSE:TTI) shares to a “Hold” rating in a research report made public today.

Investors sentiment increased to 1.59 in Q4 2016. Its up 0.09, from 1.5 in 2016Q3. It improved, as 16 investors sold TETRA Technologies, Inc. shares while 47 reduced holdings. 38 funds opened positions while 62 raised stakes. 100.90 million shares or 27.18% more from 79.34 million shares in 2016Q3 were reported.

Invesco Limited holds 0% of its portfolio in TETRA Technologies, Inc. (NYSE:TTI) for 615,882 shares. Bnp Paribas Arbitrage Sa stated it has 23,768 shares. Thrivent For Lutherans owns 701,740 shares or 0.02% of their US portfolio. Landscape Capital Mgmt Limited holds 40,882 shares. Capstone Asset Mngmt holds 21,002 shares or 0% of its portfolio. Creative Planning holds 0% of its portfolio in TETRA Technologies, Inc. (NYSE:TTI) for 44,000 shares. Hbk L P holds 0.02% or 360,797 shares. Louisiana State Employees Retirement Systems, Louisiana-based fund reported 37,300 shares. Wealthtrust Axiom Ltd Liability Com accumulated 266,655 shares. Sei Investments accumulated 0% or 10,585 shares. Blackrock Institutional Tru Company Na holds 0% or 2.71 million shares. Gam Ag reported 0.02% in TETRA Technologies, Inc. (NYSE:TTI). Connable Office Inc has 0.01% invested in TETRA Technologies, Inc. (NYSE:TTI) for 11,269 shares. Eqis Mgmt stated it has 0.01% in TETRA Technologies, Inc. (NYSE:TTI). Parametric Port Associate Lc accumulated 0.01% or 730,035 shares.

Since March 17, 2017, it had 1 insider buy, and 0 insider sales for $47,244 activity. 40,000 TETRA Technologies, Inc. (NYSE:TTI) shares with value of $154,132 were bought by Brightman Stuart M. BATES THOMAS R JR bought $47,244 worth of TETRA Technologies, Inc. (NYSE:TTI) on Wednesday, March 29.

TETRA Technologies, Inc. (NYSE:TTI) Ratings Coverage

Among 13 analysts covering Tetra Technologies (NYSE:TTI), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Tetra Technologies has $12 highest and $3.25 lowest target. $7.38’s average target is 196.39% above currents $2.49 stock price. Tetra Technologies had 31 analyst reports since August 10, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co on Tuesday, May 10 with “Outperform”. The stock of TETRA Technologies, Inc. (NYSE:TTI) has “Buy” rating given on Thursday, December 22 by Bank of America. The firm has “Buy” rating given on Friday, June 10 by Wunderlich. Credit Suisse upgraded the stock to “Outperform” rating in Wednesday, June 1 report. The stock of TETRA Technologies, Inc. (NYSE:TTI) has “Hold” rating given on Friday, September 1 by RBC Capital Markets. Wunderlich maintained TETRA Technologies, Inc. (NYSE:TTI) rating on Tuesday, May 10. Wunderlich has “Buy” rating and $6 target. The firm has “Outperform” rating by Credit Suisse given on Monday, July 18. J.P. Morgan downgraded the shares of TTI in report on Tuesday, September 12 to “Hold” rating. The rating was upgraded by Howard Weil to “Sector Outperform” on Wednesday, November 16. The rating was initiated by Morgan Stanley with “Overweight” on Thursday, August 11.

The stock increased 0.81% or $0.02 on September 15, reaching $2.49. About 4.99M shares traded or 299.20% up from the average. TETRA Technologies, Inc. (NYSE:TTI) has declined 31.41% since September 17, 2016 and is downtrending. It has underperformed by 48.11% the S&P500.

Analysts expect TETRA Technologies, Inc. (NYSE:TTI) to report $-0.02 EPS on November, 6.They anticipate $0.03 EPS change or 60.00 % from last quarter’s $-0.05 EPS. After having $-0.04 EPS previously, TETRA Technologies, Inc.’s analysts see -50.00 % EPS growth.

TETRA Technologies, Inc. is an oil and gas services company. The company has market cap of $288.59 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.

More news for TETRA Technologies, Inc. (NYSE:TTI) were recently published by: Seekingalpha.com, which released: “Tetra Technologies – A Deep Water Turnaround Story” on August 29, 2017. Nasdaq.com‘s article titled: “Tetra Technologies (TTI) Catches Eye: Stock Jumps 10.7%” and published on September 15, 2017 is yet another important article.

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