Tetra Technologies, Inc. (NYSE:TTI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Tetra Technologies, Inc. (NYSE:TTI) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $10.25.

Separately, Weiss Ratings downgraded Tetra Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 19th.

Tetra Technologies Price Performance

TTI opened at $9.81 on Thursday. 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 52-week low of $2.84 and a 52-week high of $12.54. The stock has a market capitalization of $1.33 billion, a PE ratio of 196.14 and a beta of 1.22. The stock’s 50 day moving average price is $9.47 and its 200-day moving average price is $9.54.

Tetra Technologies (NYSE:TTI) last issued its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. Tetra Technologies had a net margin of 1.15% and a return on equity of 10.50%. The company had revenue of $156.25 million during the quarter, compared to analysts’ expectations of $151.20 million. On average, equities research analysts predict that Tetra Technologies will post 0.26 EPS for the current year.

Institutional Trading of Tetra Technologies

Several institutional investors have recently made changes to their positions in TTI. Rubric Capital Management LP purchased a new stake in shares of Tetra Technologies during the third quarter worth about $26,046,000. Price T Rowe Associates Inc. MD grew its position 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 purchased a new stake in shares of Tetra Technologies during the fourth quarter worth about $27,094,000. Vaughan Nelson Investment Management L.P. purchased a new position in Tetra Technologies during the 4th quarter valued at approximately $25,359,000. Finally, Wellington Management Group LLP purchased a new position in Tetra Technologies during the 4th quarter valued at approximately $15,773,000. Hedge funds and other institutional investors 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.