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

Tetra Technologies, Inc. (NYSE:TTI) has been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $10.25.

Separately, Weiss Ratings lowered shares of Tetra Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 19th.

Tetra Technologies Price Performance

Shares of TTI opened at $10.86 on Monday. The business’s 50-day moving average is $10.04 and its two-hundred day moving average is $9.81. The company has a market capitalization of $1.44 billion, a P/E ratio of 217.14 and a beta of 1.22. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.20 and a current ratio of 2.02. Tetra Technologies has a fifty-two week low of $3.17 and a fifty-two week high of $12.54.

Tetra Technologies (NYSE:TTI) last posted its earnings results on Wednesday, April 29th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.03. Tetra Technologies had a net margin of 1.15% and a return on equity of 10.50%. The business had revenue of $156.25 million for the quarter, compared to analyst estimates of $151.20 million. Research analysts predict that Tetra Technologies will post 0.26 earnings per share for the current year.

Insider Buying and Selling

In other news, VP Kurt Hallead purchased 22,000 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was acquired at an average price of $9.86 per share, for a total transaction of $216,920.00. Following the acquisition, the vice president directly owned 170,764 shares of the company’s stock, valued at approximately $1,683,733.04. This represents a 14.79% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.27% of the company’s stock.

Institutional Trading of Tetra Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in TTI. Rubric Capital Management LP purchased a new position in Tetra Technologies in the 3rd quarter valued at approximately $26,046,000. Price T Rowe Associates Inc. MD grew its stake in shares of Tetra Technologies by 2,392.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,072,139 shares of the oil and gas company’s stock worth $28,787,000 after purchasing an additional 2,948,885 shares in the last quarter. Encompass Capital Advisors LLC acquired a new position in shares of Tetra Technologies during the fourth quarter worth $27,094,000. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Tetra Technologies during the fourth quarter worth $25,359,000. Finally, Wellington Management Group LLP acquired a new position in shares of Tetra Technologies during the fourth quarter worth $15,773,000. Institutional investors and hedge funds own 70.19% of the company’s stock.

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.