Clear Str Downgrades Tetra Technologies (NYSE:TTI) to Hold

Tetra Technologies (NYSE:TTI) was downgraded by investment analysts at Clear Str from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Wall Street Zen downgraded shares of Tetra Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tetra Technologies in a research report on Friday, January 9th. Northland Securities lifted their price target on shares of Tetra Technologies from $8.50 to $11.50 and gave the company an “outperform” rating in a research note on Wednesday, December 31st. Stifel Nicolaus increased their price objective on Tetra Technologies from $9.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Finally, CJS Securities started coverage on Tetra Technologies in a research report on Thursday, December 11th. They set an “outperform” rating and a $11.50 target price for the company. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $10.25.

Tetra Technologies Trading Up 1.8%

TTI stock opened at $11.44 on Tuesday. Tetra Technologies has a twelve month low of $2.03 and a twelve month high of $11.88. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 12.58 and a beta of 1.11. The company has a quick ratio of 1.56, a current ratio of 2.35 and a debt-to-equity ratio of 0.61. The firm’s fifty day simple moving average is $9.07 and its two-hundred day simple moving average is $6.55.

Tetra Technologies (NYSE:TTI) last issued its quarterly earnings results on Tuesday, October 28th. The oil and gas company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. Tetra Technologies had a net margin of 19.75% and a return on equity of 13.07%. The company had revenue of $153.24 million for the quarter, compared to the consensus estimate of $144.40 million. As a group, analysts anticipate that Tetra Technologies will post 0.15 earnings per share for the current year.

Insider Activity at Tetra Technologies

In related news, VP Shoemake Alicia R. Boston sold 19,257 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $7.94, for a total transaction of $152,900.58. Following the completion of the sale, the vice president owned 132,672 shares of the company’s stock, valued at $1,053,415.68. This represents a 12.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.71% of the stock is currently owned by company insiders.

Institutional Trading of Tetra Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Rubric Capital Management LP acquired a new stake in Tetra Technologies in the third quarter worth about $26,046,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Tetra Technologies during the fourth quarter worth $25,359,000. CenterBook Partners LP acquired a new position in shares of Tetra Technologies in the 3rd quarter valued at $8,197,000. Acuitas Investments LLC acquired a new stake in Tetra Technologies during the 3rd quarter worth about $6,787,000. Finally, Marshall Wace LLP acquired a new stake in shares of Tetra Technologies during the second quarter worth about $3,613,000. Hedge funds and other institutional investors own 70.19% of the company’s stock.

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.