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

Tetra Technologies, Inc. (NYSE:TTI) has been given an average recommendation of “Moderate Buy” by the five analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $9.25.

Several research firms have weighed in on TTI. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tetra Technologies in a report on Tuesday, October 14th. Northland Securities upped their price objective on shares of Tetra Technologies from $8.50 to $11.50 and gave the stock an “outperform” rating in a research report on Wednesday. CJS Securities began coverage on shares of Tetra Technologies in a research report on Thursday, December 11th. They set an “outperform” rating and a $11.50 target price for the company. Wall Street Zen cut shares of Tetra Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Stifel Nicolaus raised their price objective on shares of Tetra Technologies from $6.50 to $9.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th.

Insider Activity

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

Hedge Funds Weigh In On Tetra Technologies

Several institutional investors and hedge funds have recently made changes to their positions in TTI. Squarepoint Ops LLC grew its position in shares of Tetra Technologies by 114.0% in the 2nd quarter. Squarepoint Ops LLC now owns 543,448 shares of the oil and gas company’s stock worth $1,826,000 after buying an additional 289,456 shares during the last quarter. Pullen Investment Management LLC raised its holdings in shares of Tetra Technologies by 15.2% during the second quarter. Pullen Investment Management LLC now owns 597,228 shares of the oil and gas company’s stock valued at $2,007,000 after acquiring an additional 78,857 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new stake in Tetra Technologies in the second quarter worth $179,000. American Century Companies Inc. boosted its holdings in Tetra Technologies by 15.5% in the second quarter. American Century Companies Inc. now owns 3,001,941 shares of the oil and gas company’s stock valued at $10,087,000 after acquiring an additional 402,495 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in Tetra Technologies by 4.3% in the first quarter. Rhumbline Advisers now owns 216,479 shares of the oil and gas company’s stock valued at $727,000 after acquiring an additional 8,857 shares in the last quarter. Institutional investors own 70.19% of the company’s stock.

Tetra Technologies Stock Up 4.3%

Shares of NYSE TTI opened at $9.78 on Monday. The company has a quick ratio of 1.56, a current ratio of 2.35 and a debt-to-equity ratio of 0.61. The company has a market cap of $1.31 billion, a P/E ratio of 10.74 and a beta of 1.11. Tetra Technologies has a 52 week low of $2.03 and a 52 week high of $9.79. The business has a 50-day simple moving average of $8.23 and a two-hundred day simple moving average of $5.91.

Tetra Technologies (NYSE:TTI) last issued its quarterly earnings data on Tuesday, October 28th. The oil and gas company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. Tetra Technologies had a net margin of 19.75% and a return on equity of 13.07%. The company had revenue of $153.24 million during the quarter, compared to analysts’ expectations of $144.40 million. Research analysts anticipate that Tetra Technologies will post 0.15 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.