Tetra Technologies (NYSE:TTI) Reaches New 52-Week High – What’s Next?

Tetra Technologies, Inc. (NYSE:TTI)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $10.41 and last traded at $10.1340, with a volume of 232494 shares. The stock had previously closed at $9.87.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Wall Street Zen cut shares of Tetra Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Stifel Nicolaus set a $13.00 target price on shares of Tetra Technologies in a report on Monday. CJS Securities started coverage on Tetra Technologies in a report on Thursday, December 11th. They set an “outperform” rating and a $11.50 price target on the stock. Northland Securities upped their price target on Tetra Technologies from $8.50 to $11.50 and gave the company an “outperform” rating in a research report on Wednesday, December 31st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Tetra Technologies in a research report on Tuesday, October 14th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $10.25.

Tetra Technologies Stock Performance

The company has a 50-day simple moving average of $8.48 and a two-hundred day simple moving average of $6.13. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.56 and a current ratio of 2.35. The firm has a market capitalization of $1.39 billion, a P/E ratio of 11.42 and a beta of 1.11.

Tetra Technologies (NYSE:TTI) last announced its earnings results 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. Tetra Technologies had a return on equity of 13.07% and a net margin of 19.75%.The firm had revenue of $153.24 million during the quarter, compared to analyst estimates of $144.40 million. As a group, equities analysts forecast that Tetra Technologies, Inc. will post 0.15 EPS for the current year.

Insider Buying and Selling

In other news, VP Shoemake Alicia R. Boston sold 19,257 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $7.94, for a total transaction of $152,900.58. Following the sale, the vice president owned 132,672 shares in the company, valued at approximately $1,053,415.68. The trade was a 12.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.71% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in Tetra Technologies during the fourth quarter worth about $591,000. Diversified Trust Co. lifted its holdings in shares of Tetra Technologies by 5.6% during the fourth quarter. Diversified Trust Co. now owns 45,436 shares of the oil and gas company’s stock valued at $426,000 after purchasing an additional 2,396 shares during the last quarter. Fulton Bank N.A. boosted its position in shares of Tetra Technologies by 24.1% in the 4th quarter. Fulton Bank N.A. now owns 44,054 shares of the oil and gas company’s stock worth $413,000 after purchasing an additional 8,558 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Tetra Technologies by 11.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 30,977 shares of the oil and gas company’s stock worth $301,000 after buying an additional 3,281 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new position in Tetra Technologies during the 3rd quarter valued at approximately $78,000. 70.19% of the stock is currently 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.