Tetra Technologies Inc. (TTI) Shares Up 3.2%
Tetra Technologies Inc. (NYSE:TTI) shares shot up 3.2% during mid-day trading on Monday . The stock traded as high as $6.45 and last traded at $6.40, with a volume of 504,062 shares. The stock had previously closed at $6.20.
Several research firms have recently issued reports on TTI. Zacks Investment Research cut Tetra Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, August 17th. Morgan Stanley began coverage on Tetra Technologies in a research report on Wednesday, August 10th. They set an “overweight” rating and a $10.00 price objective for the company. Simmons reaffirmed an “overweight” rating and set a $7.60 price objective (up from $7.35) on shares of Tetra Technologies in a research report on Wednesday, August 10th. JPMorgan Chase & Co. set a $8.00 price objective on Tetra Technologies and gave the stock a “buy” rating in a research report on Tuesday, August 9th. Finally, Credit Suisse Group AG set a $8.00 price objective on Tetra Technologies and gave the stock a “buy” rating in a research report on Tuesday, August 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. Tetra Technologies currently has a consensus rating of “Buy” and an average price target of $8.26.
The company’s 50 day moving average is $6.18 and its 200-day moving average is $6.07. The company’s market capitalization is $586.82 million.
Tetra Technologies (NYSE:TTI) last posted its quarterly earnings results on Monday, August 8th. The company reported ($0.15) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.03. The company had revenue of $175.66 million for the quarter, compared to the consensus estimate of $188.42 million. Tetra Technologies’s quarterly revenue was down 44.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS. On average, analysts predict that Tetra Technologies Inc. will post ($0.48) earnings per share for the current year.
In other Tetra Technologies news, VP Peter J. Pintar sold 20,545 shares of the stock in a transaction dated Wednesday, June 29th. The shares were sold at an average price of $5.90, for a total transaction of $121,215.50. Following the completion of the transaction, the vice president now owns 324,179 shares in the company, valued at $1,912,656.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Elisabeth K. Evans sold 16,205 shares of the stock in a transaction dated Thursday, June 23rd. The stock was sold at an average price of $6.02, for a total transaction of $97,554.10. Following the transaction, the vice president now owns 31,908 shares of the company’s stock, valued at approximately $192,086.16. The disclosure for this sale can be found here.
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.