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

Tetra Technologies, Inc. (NYSE:TTI) has received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat.com reports. Two investment 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 analysts that have updated their coverage on the stock in the last year is $10.25.

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

Institutional Trading of Tetra Technologies

Hedge funds have recently bought and sold shares of the business. Rockefeller Capital Management L.P. purchased a new position in Tetra Technologies in the fourth quarter worth $45,000. Invesco Ltd. increased its stake in shares of Tetra Technologies by 75.3% in the fourth quarter. Invesco Ltd. now owns 1,115,415 shares of the oil and gas company’s stock worth $10,451,000 after purchasing an additional 479,027 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in Tetra Technologies by 5.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 24,819 shares of the oil and gas company’s stock worth $233,000 after buying an additional 1,272 shares during the period. Empowered Funds LLC raised its holdings in Tetra Technologies by 85.3% during the 4th quarter. Empowered Funds LLC now owns 611,974 shares of the oil and gas company’s stock valued at $5,734,000 after acquiring an additional 281,708 shares during the period. Finally, nVerses Capital LLC purchased a new stake in shares of Tetra Technologies during the fourth quarter worth $99,000. 70.19% of the stock is currently owned by institutional investors.

Tetra Technologies Trading Down 2.5%

NYSE:TTI opened at $7.95 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.02 and a quick ratio of 1.28. Tetra Technologies has a one year low of $2.03 and a one year high of $12.54. The company has a market cap of $1.07 billion, a PE ratio of 397.25 and a beta of 1.20. The firm has a 50-day moving average of $10.32 and a 200-day moving average of $8.36.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The company had revenue of $146.68 million for 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 12.56%. As a group, equities research analysts expect that Tetra Technologies will post 0.15 EPS for the current fiscal year.

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.