Tetra Technologies, Inc. (NYSE:TTI) Receives $10.88 Average Target Price from Analysts

Tetra Technologies, Inc. (NYSE:TTI) has earned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the company, 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 brokerages that have issued a report on the stock in the last year is $10.8750.

Several equities research analysts have recently commented on the company. Weiss Ratings raised Tetra Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 8th. Northland Securities lifted their price objective on shares of Tetra Technologies from $11.50 to $14.00 and gave the company an “outperform” rating in a research report on Tuesday, June 30th.

Tetra Technologies Trading Up 0.4%

Tetra Technologies stock opened at $8.35 on Friday. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 166.93 and a beta of 1.19. The firm has a 50-day moving average of $9.93 and a 200-day moving average of $9.84. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.02 and a quick ratio of 1.20. Tetra Technologies has a one year low of $3.64 and a one year high of $12.54.

Tetra Technologies (NYSE:TTI) last released its earnings results on Wednesday, April 29th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. On average, equities analysts expect that Tetra Technologies will post 0.27 earnings per share for the current fiscal year.

Insider Transactions at Tetra Technologies

In other Tetra Technologies news, CEO Brady M. Murphy sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $10.72, for a total transaction of $536,000.00. Following the transaction, the chief executive officer owned 2,965,457 shares of the company’s stock, valued at $31,789,699.04. The trade was a 1.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Kurt Hallead acquired 22,000 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was acquired at an average cost of $9.86 per share, with a total value of $216,920.00. Following the completion of the transaction, the vice president owned 170,764 shares of the company’s stock, valued at approximately $1,683,733.04. The trade was a 14.79% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 6.27% of the company’s stock.

Hedge Funds Weigh In On Tetra Technologies

Several institutional investors and hedge funds have recently modified their holdings of the stock. KBC Group NV acquired a new stake in shares of Tetra Technologies during the 1st quarter worth about $27,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Tetra Technologies during the 4th quarter worth about $33,000. Stone House Investment Management LLC acquired a new position in Tetra Technologies in the 4th quarter valued at about $39,000. Osaic Holdings Inc. grew its stake in 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 valued at $43,000 after buying an additional 11,000 shares during the last quarter. Finally, Rockefeller Capital Management L.P. bought a new position in Tetra Technologies in the 4th quarter valued at about $45,000. 70.19% of the stock is currently owned by institutional investors and hedge funds.

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.