What Can We Expect Following a Tetra Technologies (NYSE:TTI) Downgrade By J.P. Morgan?

September 17, 2017 - By Henry Gaston

 What Can We Expect Following a Tetra Technologies (NYSE:TTI) Downgrade By J.P. Morgan?

Investors sentiment increased to 1.59 in Q4 2016. Its up 0.09, from 1.5 in 2016Q3. It is positive, 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.

Connable Office accumulated 11,269 shares. Tortoise Cap Advsrs Ltd owns 104 shares. California State Teachers Retirement System stated it has 0% of its portfolio in TETRA Technologies, Inc. (NYSE:TTI). Point72 Asia (Hong Kong) Limited holds 0.01% or 1,288 shares in its portfolio. Envestnet Asset Mngmt Inc stated it has 0% of its portfolio in TETRA Technologies, Inc. (NYSE:TTI). Profund stated it has 0.01% in TETRA Technologies, Inc. (NYSE:TTI). Capstone Asset Mgmt holds 21,002 shares or 0% of its portfolio. Qcm Cayman holds 16,853 shares. Deprince Race & Zollo stated it has 65,000 shares. New York State Teachers Retirement Systems accumulated 0% or 270,915 shares. Cetera Limited Com stated it has 0.01% of its portfolio in TETRA Technologies, Inc. (NYSE:TTI). Moreover, Rhumbline Advisers has 0% invested in TETRA Technologies, Inc. (NYSE:TTI) for 130,322 shares. Wealthtrust Axiom Limited Liability Company stated it has 0.49% in TETRA Technologies, Inc. (NYSE:TTI). Federated Incorporated Pa has invested 0.02% in TETRA Technologies, Inc. (NYSE:TTI). Tiaa Cref accumulated 761,595 shares.

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

Tetra Technologies (NYSE:TTI) Receives a Downgrade

J.P. Morgan decreased the rating on Tetra Technologies (NYSE:TTI) shares to a “Hold”. This, change in their rating was just revealed in a research report earlier today.

Investors sentiment increased to 1.59 in Q4 2016. Its up 0.09, from 1.5 in 2016Q3. It is positive, 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.

Connable Office accumulated 11,269 shares. Tortoise Cap Advsrs Ltd owns 104 shares. California State Teachers Retirement System stated it has 0% of its portfolio in TETRA Technologies, Inc. (NYSE:TTI). Point72 Asia (Hong Kong) Limited holds 0.01% or 1,288 shares in its portfolio. Envestnet Asset Mngmt Inc stated it has 0% of its portfolio in TETRA Technologies, Inc. (NYSE:TTI). Profund stated it has 0.01% in TETRA Technologies, Inc. (NYSE:TTI). Capstone Asset Mgmt holds 21,002 shares or 0% of its portfolio. Qcm Cayman holds 16,853 shares. Deprince Race & Zollo stated it has 65,000 shares. New York State Teachers Retirement Systems accumulated 0% or 270,915 shares. Cetera Limited Com stated it has 0.01% of its portfolio in TETRA Technologies, Inc. (NYSE:TTI). Moreover, Rhumbline Advisers has 0% invested in TETRA Technologies, Inc. (NYSE:TTI) for 130,322 shares. Wealthtrust Axiom Limited Liability Company stated it has 0.49% in TETRA Technologies, Inc. (NYSE:TTI). Federated Incorporated Pa has invested 0.02% in TETRA Technologies, Inc. (NYSE:TTI). Tiaa Cref accumulated 761,595 shares.

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

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 downgraded by JP Morgan on Tuesday, September 12 to “Neutral”. The company was maintained on Tuesday, May 10 by Cowen & Co. The company was maintained on Friday, June 10 by Wunderlich. The firm has “Neutral” rating given on Tuesday, November 8 by Credit Suisse. Howard Weil downgraded the stock to “Sector Perform” rating in Monday, March 28 report. The stock of TETRA Technologies, Inc. (NYSE:TTI) earned “Sector Outperform” rating by Howard Weil on Wednesday, November 16. Simmons & Co upgraded the shares of TTI in report on Monday, August 10 to “Overweight” rating. The stock of TETRA Technologies, Inc. (NYSE:TTI) has “Sector Perform” rating given on Friday, December 16 by RBC Capital Markets. The firm earned “Buy” rating on Thursday, April 13 by Johnson Rice. The company was initiated on Thursday, August 11 by Morgan Stanley.

The stock increased 0.81% or $0.02 on September 15, reaching $2.49. About 4.99 million 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: Nasdaq.com, which released: “Tetra Technologies (TTI) Catches Eye: Stock Jumps 10.7%” on September 15, 2017. Seekingalpha.com‘s article titled: “Tetra Technologies – A Deep Water Turnaround Story” and published on August 29, 2017 is yet another important article.

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