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

Shares of Tetra Technologies, Inc. (NYSE:TTI) have received a consensus rating of “Moderate Buy” from the six ratings firms 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 price objective among analysts that have issued a report on the stock in the last year is $10.25.

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

Insider Activity at Tetra Technologies

In other Tetra Technologies news, VP Kurt Hallead bought 22,000 shares of Tetra Technologies stock in a transaction dated Tuesday, June 9th. The stock was acquired at an average cost of $9.86 per share, with a total value of $216,920.00. Following the completion of the acquisition, the vice president 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.27% of the company’s stock.

Institutional Investors Weigh In On Tetra Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV raised its holdings in shares of Tetra Technologies by 5.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 24,819 shares of the oil and gas company’s stock valued at $233,000 after buying an additional 1,272 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of Tetra Technologies by 6.7% in the fourth quarter. ProShare Advisors LLC now owns 23,179 shares of the oil and gas company’s stock valued at $217,000 after buying an additional 1,452 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Tetra Technologies by 31.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 6,204 shares of the oil and gas company’s stock valued at $58,000 after buying an additional 1,473 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Tetra Technologies by 9.7% in the fourth quarter. LPL Financial LLC now owns 19,626 shares of the oil and gas company’s stock valued at $184,000 after buying an additional 1,739 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Tetra Technologies by 2.5% in the third quarter. Sei Investments Co. now owns 73,170 shares of the oil and gas company’s stock valued at $421,000 after buying an additional 1,754 shares during the last quarter. 70.19% of the stock is owned by hedge funds and other institutional investors.

Tetra Technologies Price Performance

Shares of TTI opened at $10.86 on Monday. Tetra Technologies has a 1-year low of $3.17 and a 1-year high of $12.54. The stock has a market cap of $1.44 billion, a PE ratio of 217.14 and a beta of 1.22. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.02 and a quick ratio of 1.20. The firm has a fifty day moving average price of $10.04 and a 200 day moving average price of $9.81.

Tetra Technologies (NYSE:TTI) last announced its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.06 earnings per share 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 firm had revenue of $156.25 million during the quarter, compared to analysts’ expectations of $151.20 million. As a group, sell-side analysts anticipate that Tetra Technologies will post 0.26 EPS for the current 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.