Brokerages Set Tetra Technologies, Inc. (NYSE:TTI) PT at $9.25

Shares of Tetra Technologies, Inc. (NYSE:TTI) have been assigned an average rating of “Moderate Buy” from the five ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $9.25.

Several analysts have issued reports on TTI shares. CJS Securities began coverage on Tetra Technologies in a research note on Thursday, December 11th. They issued an “outperform” rating and a $11.50 price target on the stock. Northland Securities lifted their target price on Tetra Technologies from $8.50 to $11.50 and gave the company an “outperform” rating in a research report on Wednesday, December 31st. Weiss Ratings restated a “hold (c+)” rating on shares of Tetra Technologies in a research note on Tuesday, October 14th. Stifel Nicolaus raised their price target on shares of Tetra Technologies from $6.50 to $9.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Finally, Wall Street Zen downgraded shares of Tetra Technologies from a “buy” rating to a “hold” rating in a report on Saturday, November 1st.

Insider Buying and Selling

In other news, VP Shoemake Alicia R. Boston sold 19,257 shares of the stock in a transaction dated 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 in the company, valued at $1,053,415.68. This represents a 12.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 5.71% of the stock is owned by company insiders.

Institutional Trading of Tetra Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Squarepoint Ops LLC grew its position in shares of Tetra Technologies by 114.0% in the 2nd quarter. Squarepoint Ops LLC now owns 543,448 shares of the oil and gas company’s stock valued at $1,826,000 after acquiring an additional 289,456 shares during the period. Pullen Investment Management LLC lifted its stake in Tetra Technologies by 15.2% in the 2nd quarter. Pullen Investment Management LLC now owns 597,228 shares of the oil and gas company’s stock valued at $2,007,000 after purchasing an additional 78,857 shares during the last quarter. Kapitalo Investimentos Ltda bought a new position in Tetra Technologies during the second quarter worth about $179,000. American Century Companies Inc. grew its holdings in Tetra Technologies by 15.5% during the second quarter. American Century Companies Inc. now owns 3,001,941 shares of the oil and gas company’s stock worth $10,087,000 after purchasing an additional 402,495 shares during the period. Finally, Rhumbline Advisers increased its position in Tetra Technologies by 4.3% during the first quarter. Rhumbline Advisers now owns 216,479 shares of the oil and gas company’s stock worth $727,000 after buying an additional 8,857 shares during the last quarter. Institutional investors own 70.19% of the company’s stock.

Tetra Technologies Stock Performance

Shares of TTI stock opened at $9.88 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.56 and a current ratio of 2.35. Tetra Technologies has a 52 week low of $2.03 and a 52 week high of $10.24. The company’s 50 day moving average price is $8.48 and its two-hundred day moving average price is $6.13. The company has a market capitalization of $1.32 billion, a P/E ratio of 10.85 and a beta of 1.11.

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

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.