Tetra Technologies, Inc. (NYSE:TTI) Downgraded by BidaskClub to "Strong Sell"

Paterniano Del Favero
Agosto 7, 2017

(NASDAQ:TTEK) by 79.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). RidgeWorth Capital Management LLC now owns 1,398,176 shares of the industrial products company's stock valued at $57,115,000 after buying an additional 343,222 shares in the last quarter. Principal Financial Group Inc. owned 0.78% of TETRA Technologies worth $3,660,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. LS Investment Advisors LLC increased its stake in Tetra Tech by 117.6% in the first quarter. KAMES CAPITAL plc now owns 1,049,075 shares of the industrial products company's stock valued at $42,855,000 after buying an additional 995,604 shares in the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of Tetra Tech during the fourth quarter worth $412,000. BlackRock Inc. now owns 8,135,829 shares of the industrial products company's stock valued at $332,349,000 after buying an additional 8,068,959 shares in the last quarter. Karp Capital Management Corp purchased a new stake in TETRA Technologies during the first quarter worth about $121,000. Princeton Alpha Management LP purchased a new stake in TETRA Technologies during the first quarter worth about $144,000. Finally, Louisiana State Employees Retirement System increased its stake in TETRA Technologies by 26.3% in the first quarter. Louisiana State Employees Retirement System now owns 47,100 shares of the oil and gas company's stock worth $192,000 after buying an additional 9,800 shares in the last quarter. Institutional investors and hedge funds own 93.42% of the company's stock.

Shares of Tetra Tech, Inc.

(NYSE:TTI) shares saw heavy trading volume with 1,336K shares changing hands by the end of trading on Friday. Shares last traded at $2.59 a bit lower than $2.85, the stock's 50 day moving average and just a bit lower than the 200 day moving average of $3.67. The company's market cap is $300.31 million.

Tetra Technologies (NYSE:TTI) last posted its quarterly earnings data on Wednesday, May 10th. The oil and gas company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.02. The firm had revenue of $498.47 million during the quarter, compared to the consensus estimate of $535.18 million. Tetra Tech had a net margin of 4.17% and a return on equity of 13.65%. The business's quarterly revenue was up.0% compared to the same quarter previous year. During the same quarter in the prior year, the company earned ($0.16) earnings per share. Analysts predict that Tetra Tech, Inc. will post $2.19 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: "Principal Financial Group Inc". Wells Fargo & Company MN boosted its stake in Tetra Technologies by 23.3% in the first quarter. "(TTI)" was originally posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and worldwide trademark and copyright law. The legal version of this piece of content can be accessed at https://rinconhillneighbors.org/2017/08/06/tetra-tech-inc-nasdaqttek-position-maintained-by-candriam-luxembourg-s-c-a.html.

Several equities analysts have weighed in on TTEK shares. Zacks Investment Research cut shares of Tetra Tech from a "hold" rating to a "sell" rating in a report on Wednesday, April 12th. Canaccord Genuity reaffirmed a "buy" rating and issued a $52.00 price objective on shares of Tetra Tech in a report on Wednesday, June 7th. Sidoti reaffirmed a "buy" rating and issued a $58.00 price objective (up from $55.00) on shares of Tetra Tech in a report on Sunday, May 14th. BidaskClub downgraded shares of Tetra Tech from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, June 21st. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Credit Suisse Group raised Tetra Technologies from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $5.00 to $5.50 in a research note on Tuesday, April 11th.

Tetra Tech, Inc is a provider of consulting, engineering, program management, construction management, and technical services. The Company focuses 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.

Altre relazioni OverNewsmagazine

Discuti questo articolo

SEGUI I NOSTRI GIORNALE