UPDATE: Wunderlich Securities Reiterates On TETRA Technologies, Inc. On Multiple Catalysts Ahead
In a report published Tuesday, Wunderlich Securities analyst Jason A. Wangler reiterated a Buy rating on TETRA Technologies, Inc. (NYSE: TTI), and raised the price target from $15.00 to $17.00.
In the report, Wunderlich Securities noted, “TETRA Technologies, Inc. (TTI) has stepped up the distribution timetable of its Compressco Partners, LP (GSJK-NR) ownership and more specifically the potential impact from increased distributions as its general partner (GP) ownership becomes more valuable. While admittedly complicated, at least for us, the company has been able to show the value creation opportunity at GSJK that accelerated with the recent acquisition of privately-held Compressor Systems, Inc. (CSI). This improvement in TETRA's Production Enhancement Division should begin to show during 4Q14 as the repeatable, high margin business should be more impactful. Further, the Maritech liability is being reduced (hopefully to zero soon) and the offshore segment is becoming less impactful due to its variability.”
TETRA Technologies closed on Friday at $11.80.
Latest Ratings for TTI
|Nov 2016||Scotia Howard Weil||Upgrades||Sector Perform||Sector Outperform|
|Nov 2016||Credit Suisse||Downgrades||Outperform||Neutral|
|Oct 2016||Wells Fargo||Initiates Coverage On||Outperform|
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