BUZZ-Energy services firm Tetra Technologies slides on $100 mln share offering

Jpmorgan Chase
TETRA Technologies, Inc.

Jpmorgan Chase

JPM

0.00

TETRA Technologies, Inc.

TTI

0.00

** Shares of energy services co Tetra Technologies TTI.N down 11.3% post-market to $9.66 after equity offering news

** Spring, Texas-headquartered TTI commences $100 mln stock offering

** It intends to use net offering proceeds for general purposes, including funding a portion of its Arkansas bromine project's construction costs

** JP Morgan lead bookrunner, along with Jefferies

** TTI has ~135.4 mln shares outstanding

** Stock finished up 5.1% at $10.89 on Tues, up 16% YTD

** 4 of 5 analysts rate the stock "strong buy" or "buy", 1 "hold"; median PT $11.50, per LSEG data


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