Tetra Technologies, Inc. (NYSE:TTI) Receives Average Recommendation of “Moderate Buy” from Analysts

Tetra Technologies, Inc. (NYSE:TTI) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $10.25.

Several equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tetra Technologies in a research report on Friday, January 9th. Wall Street Zen lowered shares of Tetra Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Northland Securities lifted their price target on Tetra Technologies from $8.50 to $11.50 and gave the stock an “outperform” rating in a report on Wednesday, December 31st. Stifel Nicolaus upped their price objective on Tetra Technologies from $9.00 to $13.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Finally, CJS Securities initiated 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.

Tetra Technologies Trading Up 1.6%

TTI opened at $11.57 on Friday. The company has a fifty day moving average price of $9.57 and a two-hundred day moving average price of $6.87. Tetra Technologies has a 1-year low of $2.03 and a 1-year high of $12.25. The company has a market cap of $1.55 billion, a P/E ratio of 12.72 and a beta of 1.11. The company has a current ratio of 2.35, a quick ratio of 1.56 and a debt-to-equity ratio of 0.61.

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

Insiders Place Their Bets

In other 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 transaction, the vice president directly owned 132,672 shares of the company’s stock, valued at $1,053,415.68. This represents a 12.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.71% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Tetra Technologies

Institutional investors have recently bought and sold shares of the company. Stone House Investment Management LLC purchased a new stake in Tetra Technologies in the fourth quarter worth $39,000. State of Alaska Department of Revenue purchased a new stake in Tetra Technologies in the 3rd quarter worth about $28,000. Generali Investments Management Co LLC purchased a new stake in Tetra Technologies in the 4th quarter worth about $54,000. Sowell Financial Services LLC bought a new stake in Tetra Technologies in the 4th quarter valued at about $94,000. Finally, Vestmark Advisory Solutions Inc. purchased a new stake in Tetra Technologies during the third quarter valued at about $58,000. Hedge funds and other institutional investors own 70.19% of the company’s stock.

About Tetra Technologies

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.