NEW YORK (TheStreet) -- Shares of TETRA Technologies Inc. (TTI) are down -8.92% to $11.23 on Friday after the company reported a 2014 first quarter net income loss of -6.9 million, compared to net income of 1.3 million for the same period last year.
On a per share basis the oil and gas services company reported a net loss of -9 cents versus a net income of 2 cents per share from the 2013 first quarter.
The company said revenue for the most recent quarter was up to $212.9 million from $208.6 million for the year ago quarter.
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TheStreet Ratings team rates TETRA TECHNOLOGIES INC/DE as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate TETRA TECHNOLOGIES INC/DE (TTI) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins."