Tetra Technologies Inc. (TTI) Trading 6.4% Higher
Tetra Technologies Inc. (NYSE:TTI)’s share price traded up 6.4% during trading on Friday . The company traded as high as $6.33 and last traded at $6.30, with a volume of 1,189,228 shares traded. The stock had previously closed at $5.92.
Several brokerages recently commented on TTI. Zacks Investment Research downgraded Tetra Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th. Wunderlich dropped their target price on Tetra Technologies from $9.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, May 10th. Johnson Rice upgraded Tetra Technologies from an “accumulate” rating to a “buy” rating in a report on Tuesday, May 10th. Royal Bank Of Canada dropped their target price on Tetra Technologies from $6.25 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, May 10th. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of Tetra Technologies in a report on Tuesday, May 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $8.66.
The company has a 50-day moving average of $6.05 and a 200 day moving average of $6.01. The stock’s market capitalization is $506.78 million.
Tetra Technologies (NYSE:TTI) last posted its quarterly earnings data on Monday, May 9th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.17) by $0.07. During the same period in the previous year, the company earned ($0.03) earnings per share. The company earned $169.20 million during the quarter, compared to analyst estimates of $204.66 million. The business’s revenue was down 32.2% compared to the same quarter last year. Equities research analysts expect that Tetra Technologies Inc. will post ($0.47) earnings per share for the current year.
In other Tetra Technologies news, VP Peter J. Pintar sold 20,545 shares of the company’s stock in a transaction that occurred on Wednesday, June 29th. The stock was sold at an average price of $5.90, for a total value of $121,215.50. Following the completion of the transaction, the vice president now owns 324,179 shares of the company’s stock, valued at approximately $1,912,656.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Joseph J. Meyer sold 11,246 shares of the company’s stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $5.41, for a total value of $60,840.86. Following the completion of the transaction, the vice president now directly owns 17,011 shares of the company’s stock, valued at approximately $92,029.51. The disclosure for this sale can be found here.
Other institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System boosted its position 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 period. State of Wisconsin Investment Board boosted its position 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 period. Victory Capital Management Inc. boosted its position 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 period. Finally, Trexquant Investment LP purchased a new position in Tetra Technologies during the fourth quarter valued at approximately $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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