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

Tetra Technologies, Inc. (NYSE:TTI) has earned an average rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $10.25.

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

Tetra Technologies Price Performance

Shares of NYSE TTI opened at $9.96 on Thursday. The firm has a market capitalization of $1.32 billion, a P/E ratio of 199.14 and a beta of 1.22. The company has a quick ratio of 1.20, a current ratio of 2.02 and a debt-to-equity ratio of 0.62. The stock’s 50-day simple moving average is $9.55 and its two-hundred day simple moving average is $9.58. Tetra Technologies has a twelve month low of $2.99 and a twelve month high of $12.54.

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

Hedge Funds Weigh In On Tetra Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of TTI. KBC Group NV purchased a new position in shares of Tetra Technologies in the 1st quarter worth about $27,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Tetra Technologies in the 4th quarter worth about $33,000. Stone House Investment Management LLC purchased a new position in shares of Tetra Technologies in the 4th quarter worth about $39,000. Osaic Holdings Inc. boosted its holdings in Tetra Technologies by 647.1% during the 2nd quarter. Osaic Holdings Inc. now owns 12,700 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 11,000 shares during the period. Finally, Rockefeller Capital Management L.P. purchased a new stake in Tetra Technologies during the 4th quarter valued at about $45,000. 70.19% of the stock is currently owned by hedge funds and other institutional investors.

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.