Tetra Technologies (NYSE:TTI) Stock Rating Raised to Strong-Buy at Clear Str

Clear Str upgraded shares of Tetra Technologies (NYSE:TTI) from a hold rating to a strong-buy rating in a research report released on Tuesday morning,Zacks reports.

A number of other analysts have also commented on TTI. Weiss Ratings lowered shares of Tetra Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 4th. Northland Securities set a $10.00 price target on shares of Tetra Technologies in a research report on Tuesday, September 1st. Finally, Stifel Nicolaus decreased their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $11.17.

Tetra Technologies Stock Up 2.1%

Shares of Tetra Technologies stock opened at $6.16 on Tuesday. The stock’s fifty day moving average is $7.05 and its 200-day moving average is $8.64. The firm has a market capitalization of $911.98 million, a PE ratio of 154.01 and a beta of 1.26. The company has a quick ratio of 1.76, a current ratio of 2.46 and a debt-to-equity ratio of 0.43. Tetra Technologies has a 12-month low of $5.40 and a 12-month high of $12.54.

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

Insiders Place Their Bets

In other Tetra Technologies news, Director Angela John bought 10,000 shares of the stock in a transaction on Wednesday, September 2nd. The shares were bought at an average price of $6.50 per share, with a total value of $65,000.00. Following the purchase, the director directly owned 97,434 shares in the company, valued at $633,321. The trade was a 11.44% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.27% of the stock is currently owned by company insiders.

Institutional Trading of Tetra Technologies

Institutional investors have recently made changes to their positions in the stock. Benjamin Edwards Inc. lifted its holdings in shares of Tetra Technologies by 15.4% during the 2nd quarter. Benjamin Edwards Inc. now owns 17,357 shares of the oil and gas company’s stock valued at $197,000 after buying an additional 2,318 shares during the last quarter. Allworth Financial LP acquired a new position in Tetra Technologies in the second quarter worth approximately $27,000. Pullen Investment Management LLC raised its position in Tetra Technologies by 0.9% during the first quarter. Pullen Investment Management LLC now owns 313,793 shares of the oil and gas company’s stock valued at $2,674,000 after acquiring an additional 2,902 shares in the last quarter. KBC Group NV acquired a new stake in Tetra Technologies in the first quarter valued at approximately $27,000. Finally, Diversified Trust Co lifted its stake in Tetra Technologies by 9.3% in the first quarter. Diversified Trust Co now owns 49,655 shares of the oil and gas company’s stock valued at $423,000 after acquiring an additional 4,219 shares during the last quarter. 70.19% of the stock is currently owned by institutional investors and hedge funds.

Tetra Technologies Company Profile

Tetra Technologies, Inc (NYSE: TTI) is an energy services and solutions company that provides specialized products and services to the oil and gas industry, with additional activities related to energy transition. The company serves customers involved in drilling, well completion, production and offshore operations.

Tetra’s Completion Fluids & Products segment supplies clear brine fluids, completion-fluid additives and related products used to control pressure and protect reservoirs during well-completion and workover activities.