Tetra Technologies, Inc. (NYSE:TTI) Receives $10.25 Average PT from Brokerages

Shares of Tetra Technologies, Inc. (NYSE:TTI) have been given a consensus rating of “Moderate Buy” by the six brokerages that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $10.25.

A number of research firms have weighed in on TTI. Wall Street Zen downgraded shares of Tetra Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Stifel Nicolaus upped their price objective on shares of Tetra Technologies from $9.00 to $13.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Northland Securities boosted their target price on shares of Tetra Technologies from $8.50 to $11.50 and gave the company an “outperform” rating in a report on Wednesday, December 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tetra Technologies in a research report on Friday, January 9th. Finally, CJS Securities assumed coverage on Tetra Technologies in a research report on Thursday, December 11th. They issued an “outperform” rating and a $11.50 price objective for the company.

Tetra Technologies Stock Performance

TTI opened at $9.08 on Tuesday. The company has a quick ratio of 1.56, a current ratio of 2.35 and a debt-to-equity ratio of 0.61. Tetra Technologies has a 12-month low of $2.03 and a 12-month high of $12.54. The business has a 50 day moving average of $10.70 and a 200-day moving average of $7.91. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 454.00 and a beta of 1.24.

Tetra Technologies (NYSE:TTI) last released its quarterly earnings data on Wednesday, February 25th. The oil and gas company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The company had revenue of $146.68 million during the quarter, compared to analyst estimates of $140.98 million. Tetra Technologies had a net margin of 0.48% and a return on equity of 12.53%. On average, equities research analysts expect that Tetra Technologies will post 0.15 earnings per share for the current year.

Institutional Trading of Tetra Technologies

Hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue purchased a new stake in shares of Tetra Technologies in the third quarter valued at about $28,000. Aster Capital Management DIFC Ltd purchased a new stake in Tetra Technologies in the 4th quarter valued at about $33,000. Stone House Investment Management LLC bought a new position in shares of Tetra Technologies during the 4th quarter worth approximately $39,000. Osaic Holdings Inc. boosted its stake in shares of Tetra Technologies by 647.1% in the 2nd quarter. Osaic Holdings Inc. now owns 12,700 shares of the oil and gas company’s stock worth $43,000 after buying an additional 11,000 shares during the last quarter. Finally, Catalyst Funds Management Pty Ltd purchased a new position in shares of Tetra Technologies in the 2nd quarter worth approximately $44,000. Institutional investors and hedge funds 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.