Tetra Technologies Inc. (TTI) Trading 3.2% Higher
Shares of Tetra Technologies Inc. (NYSE:TTI) traded up 3.2% during trading on Monday . The stock traded as high as $6.45 and last traded at $6.40, with a volume of 504,062 shares changing hands. The stock had previously closed at $6.20.
Several analysts have recently commented on the stock. Zacks Investment Research lowered shares of Tetra Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, August 17th. Morgan Stanley assumed coverage on shares of Tetra Technologies in a research report on Wednesday, August 10th. They issued an “overweight” rating and a $10.00 price target on the stock. Simmons reiterated an “overweight” rating and issued a $7.60 price target (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 target on shares of Tetra Technologies and gave the company a “buy” rating in a research report on Tuesday, August 9th. Finally, Credit Suisse Group AG set a $8.00 price target on shares of Tetra Technologies and gave the company a “buy” rating in a research report on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. Tetra Technologies presently has a consensus rating of “Buy” and a consensus target price of $8.26.
The stock has a 50 day moving average price of $6.19 and a 200 day moving average price of $6.11. The stock’s market cap is $574.77 million.
Tetra Technologies (NYSE:TTI) last issued its quarterly earnings data on Monday, August 8th. The company reported ($0.15) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.03. During the same quarter in the previous year, the firm posted $0.16 earnings per share. The firm earned $175.66 million during the quarter, compared to analyst estimates of $188.42 million. Tetra Technologies’s quarterly revenue was down 44.5% compared to the same quarter last year. Equities research analysts forecast that Tetra Technologies Inc. will post ($0.48) EPS for the current year.
In related news, VP Keith L. Schilling sold 24,341 shares of the company’s stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $6.37, for a total transaction of $155,052.17. Following the completion of the transaction, the vice president now directly owns 111,161 shares in the company, valued at approximately $708,095.57. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Bass C. Wallace, Jr. sold 10,300 shares of the company’s stock in a transaction on Tuesday, June 28th. The shares were sold at an average price of $5.86, for a total transaction of $60,358.00. Following the transaction, the vice president now owns 131,373 shares of the company’s stock, valued at $769,845.78. 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.
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