Tetra Technologies, Inc. (NYSE:TTI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Tetra Technologies, Inc. (NYSE:TTI) has been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $11.50.

Several analysts have recently commented on the stock. Weiss Ratings downgraded shares of Tetra Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 4th. Northland Securities set a $10.00 target price on Tetra Technologies in a research note on Tuesday, September 1st.

Insider Buying and Selling at Tetra Technologies

In related news, Director Angela John bought 10,000 shares of the company’s stock in a transaction on Wednesday, September 2nd. The shares were purchased at an average price of $6.50 per share, for a total transaction of $65,000.00. Following the completion of the transaction, the director directly owned 97,434 shares in the company, valued at approximately $633,321. The trade was a 11.44% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Brady Murphy sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $10.72, for a total value of $536,000.00. Following the completion of the transaction, the chief executive officer owned 2,965,457 shares of the company’s stock, valued at approximately $31,789,699.04. This represents a 1.66% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 6.27% of the company’s stock.

Hedge Funds Weigh In On Tetra Technologies

A number of institutional investors have recently made changes to their positions in TTI. Mercer Global Advisors Inc. ADV raised its position in Tetra Technologies by 5.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 24,819 shares of the oil and gas company’s stock valued at $233,000 after purchasing an additional 1,272 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Tetra Technologies by 6.7% during the 4th quarter. ProShare Advisors LLC now owns 23,179 shares of the oil and gas company’s stock valued at $217,000 after acquiring an additional 1,452 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Tetra Technologies by 31.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 6,204 shares of the oil and gas company’s stock valued at $58,000 after purchasing an additional 1,473 shares during the period. LPL Financial LLC grew its holdings in Tetra Technologies by 9.7% in the 4th quarter. LPL Financial LLC now owns 19,626 shares of the oil and gas company’s stock worth $184,000 after acquiring an additional 1,739 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Tetra Technologies by 2.5% in the third quarter. Sei Investments Co. now owns 73,170 shares of the oil and gas company’s stock worth $421,000 after purchasing an additional 1,754 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 $6.84 on Friday. The company has a current ratio of 2.46, a quick ratio of 1.76 and a debt-to-equity ratio of 0.43. Tetra Technologies has a 12 month low of $4.71 and a 12 month high of $12.54. The firm has a market capitalization of $1.01 billion, a PE ratio of 171.14 and a beta of 1.23. The firm has a fifty day simple moving average of $8.01 and a two-hundred day simple moving average of $8.97.

Tetra Technologies (NYSE:TTI) last announced its quarterly earnings results on Monday, August 3rd. The oil and gas company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. Tetra Technologies had a net margin of 0.97% and a return on equity of 9.11%. The business had revenue of $185.66 million for the quarter, compared to analysts’ expectations of $176.16 million. During the same quarter last year, the firm earned $0.08 EPS. Analysts forecast that Tetra Technologies will post 0.26 EPS for the current fiscal year.

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.