Tetra Technologies (NYSE:TTI) Upgraded at Clear Str

Clear Str upgraded shares of Tetra Technologies (NYSE:TTI) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday,Zacks reports.

Other equities analysts have also issued reports about the stock. Stifel Nicolaus cut their price target on shares of Tetra Technologies from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, September 23rd. Northland Securities set a $10.00 price objective on Tetra Technologies in a report on Tuesday, September 1st. Finally, Weiss Ratings cut Tetra Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Tetra Technologies presently has a consensus rating of “Buy” and a consensus target price of $11.17.

Tetra Technologies Stock Up 0.2%

NYSE:TTI opened at $6.13 on Tuesday. The company’s 50-day simple moving average is $6.99 and its 200-day simple moving average is $8.61. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.76 and a current ratio of 2.46. Tetra Technologies has a fifty-two week low of $5.55 and a fifty-two week high of $12.54. The stock has a market capitalization of $908.11 million, a P/E ratio of 153.36 and a beta of 1.26.

Tetra Technologies (NYSE:TTI) last posted its quarterly earnings data on Monday, August 3rd. The oil and gas company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. Tetra Technologies had a net margin of 0.97% and a return on equity of 9.11%. The firm had revenue of $185.66 million during the quarter, compared to analyst estimates of $176.16 million. During the same quarter in the previous year, the business posted $0.08 EPS. On average, equities analysts anticipate that Tetra Technologies will post 0.26 earnings per share for the current fiscal year.

Insider Activity at Tetra Technologies

In related news, Director Angela John acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was purchased at an average cost of $6.50 per share, with a total value of $65,000.00. Following the transaction, the director directly owned 97,434 shares of the company’s stock, valued at $633,321. This trade represents a 11.44% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 6.27% of the stock is owned by insiders.

Institutional Trading of Tetra Technologies

Large investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Tetra Technologies in the 2nd quarter valued at $138,491,000. SIR Capital Management L.P. acquired a new stake in Tetra Technologies during the 2nd quarter worth about $1,810,000. Ranger Investment Management L.P. acquired a new stake in Tetra Technologies during the 2nd quarter worth about $5,190,000. Edgestream Partners L.P. purchased a new stake in Tetra Technologies during the 1st quarter valued at about $2,874,000. Finally, Bank of New York Mellon Corp purchased a new stake in Tetra Technologies during the 2nd quarter valued at about $4,733,000. Hedge funds and other institutional investors own 70.19% of the company’s stock.

Tetra Technologies Company Profile

Tetra Technologies, Inc (NYSE: TTI) is an energy services and solutions company that provides specialized products and services to the oil and gas industry, with additional activities related to energy transition. The company serves customers involved in drilling, well completion, production and offshore operations.

Tetra’s Completion Fluids & Products segment supplies clear brine fluids, completion-fluid additives and related products used to control pressure and protect reservoirs during well-completion and workover activities.