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

Shares of Tetra Technologies, Inc. (NYSE:TTI) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $10.25.

TTI has been the topic of several recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Tetra Technologies in a research report on Friday, January 9th. Stifel Nicolaus lifted their price objective on Tetra Technologies from $9.00 to $13.00 and gave the company a “buy” rating in a report on Monday, January 12th. Northland Securities upped their price objective on Tetra Technologies from $8.50 to $11.50 and gave the company an “outperform” rating in a research note on Wednesday, December 31st. Clear Str cut Tetra Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Finally, CJS Securities assumed coverage on Tetra Technologies in a research note on Thursday, December 11th. They issued an “outperform” rating and a $11.50 price target on the stock.

Tetra Technologies Stock Down 1.2%

Shares of TTI stock opened at $10.98 on Tuesday. Tetra Technologies has a one year low of $2.03 and a one year high of $12.54. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.35 and a quick ratio of 1.56. The stock has a fifty day moving average price of $10.60 and a 200 day moving average price of $7.82. The stock has a market cap of $1.47 billion, a P/E ratio of 12.06 and a beta of 1.24.

Institutional Investors Weigh In On Tetra Technologies

Several large investors have recently made changes to their positions in the company. Pullen Investment Management LLC increased its holdings in shares of Tetra Technologies by 16.4% in the third quarter. Pullen Investment Management LLC now owns 695,165 shares of the oil and gas company’s stock valued at $3,997,000 after purchasing an additional 97,937 shares in the last quarter. Squarepoint Ops LLC increased its stake 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 valued at $1,826,000 after buying an additional 289,456 shares during the period. Acuitas Investments LLC acquired a new stake in shares of Tetra Technologies in the 3rd quarter valued at $6,787,000. American Century Companies Inc. lifted its stake in shares of Tetra Technologies by 15.5% during 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 during the period. Finally, Principal Financial Group Inc. acquired a new position in shares of Tetra Technologies during the third quarter valued at $567,000. Institutional investors own 70.19% of the company’s stock.

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.