Tetra Technologies, Inc. (NYSE:TTI) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Tetra Technologies, Inc. (NYSE:TTI) have been given an average rating of “Moderate Buy” by the five analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $12.8333.

Several research firms recently weighed in on TTI. Weiss Ratings downgraded Tetra Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 4th. Northland Securities boosted their target price on Tetra Technologies from $11.50 to $14.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 30th.

Tetra Technologies Trading Down 1.5%

Shares of Tetra Technologies stock opened at $8.42 on Tuesday. Tetra Technologies has a 12-month low of $3.89 and a 12-month high of $12.54. The company has a current ratio of 2.46, a quick ratio of 1.76 and a debt-to-equity ratio of 0.43. The stock has a market cap of $1.25 billion, a PE ratio of 210.55 and a beta of 1.25. The company has a 50-day moving average of $9.26 and a two-hundred day moving average of $9.53.

Tetra Technologies (NYSE:TTI) last posted its quarterly earnings results on Monday, August 3rd. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. The company had revenue of $185.66 million during the quarter, compared to the consensus estimate of $176.16 million. Tetra Technologies had a net margin of 0.97% and a return on equity of 9.11%. During the same period last year, the firm earned $0.08 EPS. On average, research analysts anticipate that Tetra Technologies will post 0.26 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Brady M. Murphy sold 50,000 shares of Tetra Technologies stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $10.72, for a total transaction of $536,000.00. Following the completion of the transaction, the chief executive officer owned 2,965,457 shares of the company’s stock, valued at $31,789,699.04. The trade was a 1.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Kurt Hallead purchased 22,000 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were purchased at an average cost of $9.86 per share, with a total value of $216,920.00. Following the purchase, the vice president directly owned 170,764 shares in the company, valued at approximately $1,683,733.04. The trade was a 14.79% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 6.27% of the company’s stock.

Hedge Funds Weigh In On Tetra Technologies

Several hedge funds have recently added to or reduced their stakes in TTI. KBC Group NV purchased a new stake in shares of Tetra Technologies in the first quarter valued at about $27,000. Allworth Financial LP purchased a new position in shares of Tetra Technologies during the 2nd quarter worth approximately $27,000. Aster Capital Management DIFC Ltd purchased a new stake in Tetra Technologies in the 4th quarter valued at approximately $33,000. Osaic Holdings Inc. lifted its stake in Tetra Technologies by 647.1% in the 2nd quarter. Osaic Holdings Inc. now owns 12,700 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 11,000 shares in the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new stake in Tetra Technologies during the 4th quarter valued at $45,000. 70.19% of the stock is currently owned by hedge funds and other institutional investors.

Tetra Technologies Company Profile

Tetra Technologies, Inc (NYSE: TTI) is a provider of specialized products and services to the upstream oil and gas industry. The company operates through two primary segments: Oilfield Services, which offers hydraulic fracturing and wellsite fluid systems, and Chemical Solutions, which manufactures and delivers a broad range of drilling, completion and production chemicals. Tetra’s integrated service model spans the design, blending and on-site delivery of fluids, as well as pumping equipment and related wellsite operations.

Within the Oilfield Services segment, Tetra supplies pressure pumping fleets and associated equipment to support onshore hydraulic fracturing and well placement activities.