Tetra Technologies (NYSE:TTI) Shares Cross Above Fifty Day Moving Average – Time to Sell?

Shares of Tetra Technologies, Inc. (NYSE:TTI – Get Free Report) crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $6.10 and traded as high as $6.19. Tetra Technologies shares last traded at $6.1120, with a volume of 4,781,190 shares changing hands.

Tetra Technologies News Roundup

Here are the key news stories impacting Tetra Technologies this week:

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Northland Securities set a $10.00 price objective on shares of Tetra Technologies in a research report on Tuesday, September 1st. Weiss Ratings restated a “hold (c-)” rating on shares of Tetra Technologies in a research note on Monday. Stifel Nicolaus lowered their target price on shares of Tetra Technologies from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday, September 23rd. Finally, Clear Str upgraded Tetra Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Tetra Technologies currently has an average rating of “Buy” and an average price target of $11.17.

Read Our Latest Stock Report on Tetra Technologies

Tetra Technologies Stock Up 2.7%

The business’s 50 day moving average is $6.10 and its 200 day moving average is $8.67. The company has a market capitalization of $907.20 million, a price-to-earnings ratio of 101.87 and a beta of 1.29. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.76 and a current ratio of 2.43.

Tetra Technologies (NYSE:TTI – Get Free Report) last issued its quarterly earnings results on Monday, November 2nd. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $167.95 million for the quarter, compared to analyst estimates of $156.84 million. Tetra Technologies had a net margin of 1.36% and a return on equity of 9.31%. Sell-side analysts anticipate that Tetra Technologies, Inc. will post 0.24 earnings per share for the current year.

Insider Buying and Selling at Tetra Technologies

In other news, Director Angela John bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were 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 in the company, valued at approximately $633,321. The trade was a 11.44% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 6.27% of the stock is owned by company insiders.

Institutional Trading of Tetra Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ethic Inc. acquired a new position in Tetra Technologies during the third quarter valued at $130,000. Profund Advisors LLC raised its stake in shares of Tetra Technologies by 19.6% during the 3rd quarter. Profund Advisors LLC now owns 25,613 shares of the oil and gas company’s stock valued at $150,000 after buying an additional 4,201 shares during the last quarter. Vise Technologies Inc. acquired a new position in shares of Tetra Technologies in the 3rd quarter valued at about $60,000. Choreo LLC boosted its stake in shares of Tetra Technologies by 17.5% in the third quarter. Choreo LLC now owns 13,457 shares of the oil and gas company’s stock worth $79,000 after buying an additional 2,008 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its stake in shares of Tetra Technologies by 924.7% in the third quarter. Sterling Capital Management LLC now owns 4,693 shares of the oil and gas company’s stock worth $28,000 after buying an additional 4,235 shares during the last quarter. Institutional investors and hedge funds own 70.19% of the company’s stock.

About Tetra Technologies

(Get Free Report)

TETRA Technologies, Inc is an energy services and products company that supports oil and gas exploration and production activities. The company provides specialized fluids, water management solutions and related services used in drilling, well completion, production and industrial applications.

TETRA’s Completion Fluids & Products business supplies clear brine fluids, including calcium bromide and other bromide-based products, as well as associated completion-fluid services. These fluids are used to control pressure and protect well formations during completion and workover operations.

Further Reading

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