Tetra Technologies, Inc. (NYSE:TTI) Receives $10.25 Average Price Target from Analysts

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

Several brokerages have recently weighed in on TTI. CJS Securities assumed coverage on shares of Tetra Technologies in a research note on Thursday, December 11th. They issued an “outperform” rating and a $11.50 target price on the stock. Northland Securities lifted their price target on shares of Tetra Technologies from $8.50 to $11.50 and gave the stock an “outperform” rating in a research note on Wednesday, December 31st. Clear Str downgraded shares of Tetra Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of Tetra Technologies in a research report on Friday, January 9th. Finally, Stifel Nicolaus raised their price objective on shares of Tetra Technologies from $9.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, January 12th.

Institutional Investors Weigh In On Tetra Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in Tetra Technologies by 2.1% in the third quarter. Vanguard Group Inc. now owns 8,456,975 shares of the oil and gas company’s stock worth $48,628,000 after purchasing an additional 174,028 shares during the period. Rubric Capital Management LP purchased a new stake in shares of Tetra Technologies during the third quarter valued at $26,046,000. Dimensional Fund Advisors LP boosted its stake in shares of Tetra Technologies by 1.7% during the third quarter. Dimensional Fund Advisors LP now owns 4,419,796 shares of the oil and gas company’s stock valued at $25,414,000 after purchasing an additional 72,338 shares during the period. State Street Corp grew its holdings in shares of Tetra Technologies by 11.2% in the fourth quarter. State Street Corp now owns 3,472,939 shares of the oil and gas company’s stock worth $32,541,000 after purchasing an additional 350,051 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Tetra Technologies by 13.8% in the third quarter. American Century Companies Inc. now owns 3,416,017 shares of the oil and gas company’s stock worth $19,642,000 after purchasing an additional 414,076 shares during the last quarter. 70.19% of the stock is owned by institutional investors.

Tetra Technologies Price Performance

Shares of Tetra Technologies stock opened at $8.17 on Friday. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 408.60 and a beta of 1.20. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 2.02. The stock has a 50 day moving average price of $10.27 and a 200-day moving average price of $8.43. Tetra Technologies has a one year low of $2.03 and a one year high of $12.54.

Tetra Technologies (NYSE:TTI) last released its quarterly earnings results on Wednesday, February 25th. The oil and gas company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). The company had revenue of $146.68 million for the quarter, compared to analysts’ expectations of $140.98 million. Tetra Technologies had a net margin of 0.48% and a return on equity of 12.56%. Equities analysts expect that Tetra Technologies will post 0.15 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.