Tetra Technologies, Inc. (NYSE:TTI) Receives $10.25 Average PT from Analysts

Tetra Technologies, Inc. (NYSE:TTI) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the stock, 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 target among brokers that have covered the stock in the last year is $10.8750.

Several equities analysts have weighed in on TTI shares. Weiss Ratings cut Tetra Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 19th. Northland Securities increased their target price on Tetra Technologies from $11.50 to $14.00 and gave the company an “outperform” rating in a research report on Tuesday, June 30th.

Tetra Technologies Stock Up 0.3%

TTI opened at $9.32 on Monday. The firm has a 50-day simple moving average of $10.18 and a two-hundred day simple moving average of $9.86. Tetra Technologies has a 52 week low of $3.17 and a 52 week high of $12.54. The company has a market capitalization of $1.24 billion, a PE ratio of 186.54 and a beta of 1.19. The company has a quick ratio of 1.20, a current ratio of 2.02 and a debt-to-equity ratio of 0.62.

Tetra Technologies (NYSE:TTI) last issued its earnings results on Wednesday, April 29th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.03. The firm had revenue of $156.25 million for the quarter, compared to analysts’ expectations of $151.20 million. Tetra Technologies had a return on equity of 10.50% and a net margin of 1.15%. Analysts forecast that Tetra Technologies will post 0.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Brady M. Murphy sold 50,000 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $10.72, for a total value of $536,000.00. Following the sale, the chief executive officer directly owned 2,965,457 shares in the company, valued at $31,789,699.04. The trade was a 1.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Kurt Hallead bought 22,000 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were acquired at an average price of $9.86 per share, for a total transaction of $216,920.00. Following the completion of the transaction, the vice president directly owned 170,764 shares in the company, valued at approximately $1,683,733.04. This represents a 14.79% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 6.27% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Tetra Technologies

Several large investors have recently added to or reduced their stakes in the stock. F m Investments LLC bought a new position in shares of Tetra Technologies during the 4th quarter valued at approximately $958,000. American Century Companies Inc. lifted its position in Tetra Technologies by 13.8% in the third quarter. American Century Companies Inc. now owns 3,416,017 shares of the oil and gas company’s stock worth $19,642,000 after buying an additional 414,076 shares during the last quarter. Acuitas Investments LLC bought a new stake in Tetra Technologies in the third quarter worth $4,233,000. Allspring Global Investments Holdings LLC purchased a new position in Tetra Technologies during the fourth quarter worth $7,386,000. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in Tetra Technologies during the fourth quarter worth $25,359,000. 70.19% of the stock is owned by institutional investors.

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.