Tetra Technologies Inc. (TTI) Stock Price Up 4%
Shares of Tetra Technologies Inc. (NYSE:TTI) rose 4% on Friday . The stock traded as high as $6.06 and last traded at $6.05, with a volume of 571,036 shares changing hands. The stock had previously closed at $5.82.
TTI has been the subject of several research reports. Zacks Investment Research upgraded shares of Tetra Technologies from a “hold” rating to a “buy” rating and set a $7.25 target price for the company in a report on Wednesday, July 13th. Wunderlich boosted their price target on shares of Tetra Technologies from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, June 16th. Johnson Rice upgraded shares of Tetra Technologies from an “accumulate” rating to a “buy” rating in a research note on Tuesday, May 10th. Credit Suisse Group AG restated a “hold” rating on shares of Tetra Technologies in a research note on Tuesday, May 10th. Finally, Royal Bank Of Canada dropped their price target on shares of Tetra Technologies from $6.25 to $6.00 and set an “outperform” rating for the company in a research note on Tuesday, May 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $8.66.
The stock has a 50 day moving average of $6.10 and a 200-day moving average of $6.00. The stock’s market capitalization is $483.45 million.
Tetra Technologies (NYSE:TTI) last posted its quarterly earnings results on Monday, May 9th. The company reported ($0.24) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.17) by $0.07. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The business had revenue of $169.20 million for the quarter, compared to the consensus estimate of $204.66 million. The firm’s revenue for the quarter was down 32.2% compared to the same quarter last year. Equities analysts anticipate that Tetra Technologies Inc. will post ($0.47) earnings per share for the current year.
In other news, VP Elisabeth K. Evans sold 16,205 shares of the stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $6.02, for a total value of $97,554.10. Following the completion of the sale, the vice president now owns 31,908 shares of the company’s stock, valued at $192,086.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Peter J. Pintar sold 20,545 shares of the stock in a transaction on Wednesday, June 29th. The stock was sold at an average price of $5.90, for a total transaction of $121,215.50. Following the completion of the sale, the vice president now directly owns 324,179 shares of the company’s stock, valued at approximately $1,912,656.10. The disclosure for this sale can be found here.
Several large investors have added to or reduced their stakes in TTI. California State Teachers Retirement System raised its stake in Tetra Technologies by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 147,610 shares of the company’s stock valued at $1,110,000 after buying an additional 2,662 shares during the last quarter. State of Wisconsin Investment Board raised its stake in Tetra Technologies by 3.1% in the fourth quarter. State of Wisconsin Investment Board now owns 149,348 shares of the company’s stock valued at $1,123,000 after buying an additional 4,466 shares during the last quarter. Victory Capital Management Inc. raised its stake in Tetra Technologies by 15.9% in the fourth quarter. Victory Capital Management Inc. now owns 156,817 shares of the company’s stock valued at $1,179,000 after buying an additional 21,495 shares during the last quarter. Finally, Trexquant Investment LP acquired a new stake in Tetra Technologies during the fourth quarter valued at about $1,386,000.
TETRA Technologies, Inc is an oil and gas services company. The Company focuses on completion fluids and associated products and services, water management, production well testing, offshore rig cooling, compression services and equipment, and offshore services, such as decommissioning and diving. It is composed of five segments organized into four divisions: Fluids, Production Testing, Compression and Offshore.
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