Barclays Maintains an 'Equalweight' on TETRA Technologies (TTI); Outlook Improving but GOM Recovery Taking Time

Barclays maintains an 'Equalweight' on TETRA Technologies Inc. (NYSE: TTI) price target of $14.00.

Barclays analyst says, "Long-Term Fundamentals Intact: Given equity market conditions and a general aversion to energy-related equities currently, 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); and has 4) cleaned up the balance sheet."

"Adjusting 2012 Estimate: We are adjusting our 2012 EPS to $0.75 (from $0.80) largely due to a slower-than-previously assumed recovery in the GOM, offset by higher-than-previously assumed margins for Production Testing and Compressco."

For more ratings news on TETRA Technologies Inc. click here and for the rating history of TETRA Technologies Inc. click here.

Shares of TETRA Technologies Inc. closed at $9.85 yesterday.

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