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

Tetra Technologies, Inc. (NYSE:TTI) has received an average rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $10.25.

Separately, Weiss Ratings downgraded Tetra Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 19th.

Insider Transactions at Tetra Technologies

In other Tetra Technologies news, VP Kurt Hallead acquired 22,000 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was purchased at an average price of $9.86 per share, for a total transaction of $216,920.00. Following the transaction, the vice president owned 170,764 shares in the company, valued at $1,683,733.04. This trade represents a 14.79% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.27% of the company’s stock.

Hedge Funds Weigh In On Tetra Technologies

Several institutional investors have recently bought and sold shares of TTI. AQR Capital Management LLC raised its position in Tetra Technologies by 87.3% in the 1st quarter. AQR Capital Management LLC now owns 120,585 shares of the oil and gas company’s stock valued at $405,000 after purchasing an additional 56,203 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Tetra Technologies by 125.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 161,840 shares of the oil and gas company’s stock valued at $544,000 after purchasing an additional 90,001 shares during the last quarter. Jane Street Group LLC raised its position in Tetra Technologies by 389.7% in the 1st quarter. Jane Street Group LLC now owns 225,101 shares of the oil and gas company’s stock valued at $756,000 after purchasing an additional 302,793 shares during the last quarter. JPMorgan Chase & Co. raised its position in Tetra Technologies by 0.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 389,606 shares of the oil and gas company’s stock valued at $1,309,000 after purchasing an additional 3,547 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in Tetra Technologies by 74.4% in the 2nd quarter. Prudential Financial Inc. now owns 17,790 shares of the oil and gas company’s stock valued at $60,000 after purchasing an additional 7,590 shares during the last quarter. Institutional investors own 70.19% of the company’s stock.

Tetra Technologies Price Performance

Shares of TTI stock opened at $10.39 on Thursday. The stock’s fifty day simple moving average is $9.61 and its 200 day simple moving average is $9.62. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.02 and a quick ratio of 1.20. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 207.84 and a beta of 1.22. Tetra Technologies has a one year low of $3.17 and a one year high of $12.54.

Tetra Technologies (NYSE:TTI) last announced its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.03 by $0.03. The business had revenue of $156.25 million for the quarter, compared to analyst estimates of $151.20 million. Tetra Technologies had a return on equity of 10.50% and a net margin of 1.15%. On average, analysts expect that Tetra Technologies will post 0.26 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.