Tetra Technologies, Inc. (NYSE:TTI) Stock Has Average Price Target of $11.17

Shares of Tetra Technologies, Inc. (NYSE:TTI) have earned an average recommendation of “Buy” from the five research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $11.17.

Several research analysts recently commented on TTI shares. Northland Securities set a $10.00 price objective on shares of Tetra Technologies in a research note on Tuesday, September 1st. Stifel Nicolaus lowered their target price on shares of Tetra Technologies from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday, September 23rd. Clear Str raised shares of Tetra Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. Finally, Weiss Ratings lowered shares of Tetra Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 4th.

Insider Activity at Tetra Technologies

In other Tetra Technologies news, Director Angela John acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The stock was purchased at an average price of $6.50 per share, for a total transaction of $65,000.00. Following the acquisition, the director owned 97,434 shares in the company, valued at approximately $633,321. This trade represents a 11.44% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 6.27% of the company’s stock.

Institutional Trading of Tetra Technologies

A number of institutional investors have recently made changes to their positions in TTI. BlackRock Inc. acquired a new position in shares of Tetra Technologies during the second quarter valued at about $138,491,000. Encompass Capital Advisors LLC raised its position in shares of Tetra Technologies by 10.7% in the 1st quarter. Encompass Capital Advisors LLC now owns 3,201,953 shares of the oil and gas company’s stock valued at $27,281,000 after purchasing an additional 310,363 shares during the last quarter. Wellington Management Group LLP boosted its stake in Tetra Technologies by 60.2% in the 2nd quarter. Wellington Management Group LLP now owns 2,343,491 shares of the oil and gas company’s stock worth $26,552,000 after purchasing an additional 880,413 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in Tetra Technologies by 1.4% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,744,530 shares of the oil and gas company’s stock worth $23,383,000 after purchasing an additional 38,155 shares in the last quarter. Finally, Needham Investment Management LLC grew its position in Tetra Technologies by 55.7% during the 4th quarter. Needham Investment Management LLC now owns 2,375,000 shares of the oil and gas company’s stock worth $22,254,000 after purchasing an additional 850,000 shares during the last quarter. Institutional investors and hedge funds own 70.19% of the company’s stock.

Tetra Technologies Price Performance

TTI opened at $6.11 on Wednesday. The firm has a market capitalization of $903.97 million, a PE ratio of 152.66 and a beta of 1.26. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.46 and a quick ratio of 1.76. The business’s 50-day moving average is $6.96 and its two-hundred day moving average is $8.59. Tetra Technologies has a 1 year low of $5.59 and a 1 year high of $12.54.

Tetra Technologies (NYSE:TTI) last released its quarterly earnings results on Monday, August 3rd. The oil and gas company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. Tetra Technologies had a net margin of 0.97% and a return on equity of 9.11%. The business had revenue of $185.66 million during the quarter, compared to analyst estimates of $176.16 million. During the same period in the prior year, the firm posted $0.08 earnings per share. Research analysts anticipate that Tetra Technologies will post 0.26 earnings per share for the current fiscal year.

Tetra Technologies Company Profile

Tetra Technologies, Inc (NYSE: TTI) is an energy services and solutions company that provides specialized products and services to the oil and gas industry, with additional activities related to energy transition. The company serves customers involved in drilling, well completion, production and offshore operations.

Tetra’s Completion Fluids & Products segment supplies clear brine fluids, completion-fluid additives and related products used to control pressure and protect reservoirs during well-completion and workover activities.