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

Shares of Tetra Technologies, Inc. (NYSE:TTI) have received a consensus rating of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $12.8333.

A number of analysts have recently issued reports on the company. Weiss Ratings raised Tetra Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 8th. Northland Securities increased their price objective on Tetra Technologies from $11.50 to $14.00 and gave the company an “outperform” rating in a research note on Tuesday, June 30th.

Tetra Technologies Stock Performance

NYSE TTI opened at $7.61 on Friday. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 152.17 and a beta of 1.19. The stock has a 50-day moving average of $9.69 and a 200 day moving average of $9.78. The company has a current ratio of 2.02, a quick ratio of 1.20 and a debt-to-equity ratio of 0.62. Tetra Technologies has a twelve month low of $3.82 and a twelve month high of $12.54.

Tetra Technologies (NYSE:TTI) last posted its quarterly earnings data 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 company had revenue of $156.25 million during the quarter, compared to analysts’ expectations of $151.20 million. Tetra Technologies had a net margin of 1.15% and a return on equity of 10.50%. Sell-side analysts anticipate that Tetra Technologies will post 0.27 EPS for the current fiscal year.

Insider Buying and Selling at Tetra Technologies

In related news, CEO Brady M. Murphy sold 50,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $10.72, for a total value of $536,000.00. Following the completion of the transaction, the chief executive officer directly owned 2,965,457 shares in the company, valued at approximately $31,789,699.04. This represents a 1.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Kurt Hallead purchased 22,000 shares of the stock in a transaction dated Tuesday, June 9th. The shares were acquired at an average price 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 in the company, valued at approximately $1,683,733.04. This trade represents a 14.79% increase in their position. The disclosure for this purchase is available in the SEC filing. 6.27% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Tetra Technologies

A number of institutional investors have recently modified their holdings of TTI. Mercer Global Advisors Inc. ADV raised its holdings in 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 acquiring an additional 1,272 shares in the last quarter. ProShare Advisors LLC grew its holdings in Tetra Technologies by 6.7% during the 4th quarter. ProShare Advisors LLC now owns 23,179 shares of the oil and gas company’s stock worth $217,000 after acquiring an additional 1,452 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Tetra Technologies by 31.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 6,204 shares of the oil and gas company’s stock worth $58,000 after acquiring an additional 1,473 shares in the last quarter. LPL Financial LLC increased its position in shares of Tetra Technologies by 9.7% in the 4th quarter. LPL Financial LLC now owns 19,626 shares of the oil and gas company’s stock valued at $184,000 after purchasing an additional 1,739 shares during the last quarter. Finally, Sei Investments Co. increased its position in shares of Tetra Technologies by 2.5% in the 3rd quarter. Sei Investments Co. now owns 73,170 shares of the oil and gas company’s stock valued at $421,000 after purchasing an additional 1,754 shares during the last quarter. 70.19% of the stock is owned by institutional investors and hedge funds.

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.