Barclays Maintains an 'Equalweight' on TETRA Technologies (TTI); Important Changes Under Way

May 11, 2012 2:14 PM EDT
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Price: $4.72 -2.07%

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Barclays maintains an 'Equalweight' on TETRA Technologies Inc. (NYSE: TTI) price target lowered from $16 to $13.

Analyst, James C. West, said, "We believe the market is missing some key and important changes under way at Tetra. The management team is 1) executing on its stated strategy, 2) streamlining the operations and the story, 3) highlighting the value of certain businesses (Compressco), 4) is moving forward with strategic acquisitions, and 5) has cleaned up the balance sheet."

Barclays slightly lowers FY12 EPS from $0.80 to $0.75. FY13 EPS estimate remains at $1.10.

For an analyst ratings summary and ratings history on TETRA Technologies Inc. click here. For more ratings news on TETRA Technologies Inc. click here.

Shares of TETRA Technologies Inc. closed at $7.37 yesterday.

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