Loop Capital Initiates Coverage on TETRA Technologies to Buy

Loop Capital Initiates Coverage on TETRA Technologies(NYSE:TTI). The shares have been rated Buy. The rating by Loop Capital was issued on Sep 30, 2016.

In a different note, Morgan Stanley said it Initiates Coverage on TETRA Technologies, according to a research note issued on Aug 11, 2016. The shares have been rated ‘Overweight’ by the firm. On Jul 18, 2016, Credit Suisse said it Assumes its rating on TETRA Technologies. The shares have been rated ‘Outperform’ by the firm.

TETRA Technologies (TTI) shares turned negative on Tuesdays trading session with the shares closing down -0.17 points or -2.81% at a volume of 7,07,779. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $6.08. The peak price level was also seen at $6.08 while the days lowest was $5.85. Finally the shares closed at $5.88. The 52-week high of the shares is $9.44 while the 52-week low is $4.62. According to the latest information available, the market cap of the company is $545 M.

TETRA Technologies(TTI) last announced its earnings results on Aug 8, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $175.66M. Analysts had an estimated revenue of $188.42M. Earnings per share were $-0.15. Analysts had estimated an EPS of $-0.18.

Several Insider Transactions has been reported to the SEC. On Aug 30, 2016, Keith L Schilling (Sr. VP) sold 24,341 shares at $6.36 per share price.Also, 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.

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