Brady Murphy Sells 50,000 Shares of Tetra Technologies (NYSE:TTI) Stock

Tetra Technologies, Inc. (NYSE:TTI) CEO Brady Murphy sold 50,000 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were 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 in the company, 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 legal filing with the SEC, which can be accessed through this hyperlink.

Tetra Technologies Stock Up 0.3%

Shares of NYSE TTI opened at $9.32 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.02 and a quick ratio of 1.20. The company has a market cap of $1.24 billion, a P/E ratio of 186.54 and a beta of 1.19. Tetra Technologies, Inc. has a 1 year low of $3.17 and a 1 year high of $12.54. The firm has a 50-day simple moving average of $10.18 and a two-hundred day simple moving average of $9.86.

Tetra Technologies (NYSE:TTI) last announced its earnings results on Wednesday, April 29th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.03. The business had revenue of $156.25 million during 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%. Research analysts anticipate that Tetra Technologies, Inc. will post 0.26 earnings per share for the current year.

Institutional Trading of Tetra Technologies

Several institutional investors and hedge funds have recently modified their holdings of the stock. KBC Group NV bought a new position in Tetra Technologies in the first quarter worth approximately $27,000. Aster Capital Management DIFC Ltd purchased a new position in Tetra Technologies during the 4th quarter worth $33,000. Stone House Investment Management LLC bought a new stake in Tetra Technologies during the 4th quarter valued at $39,000. Osaic Holdings Inc. raised its position in Tetra Technologies by 647.1% during the 2nd quarter. Osaic Holdings Inc. now owns 12,700 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 11,000 shares in the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new stake in shares of Tetra Technologies in the 4th quarter worth $45,000. Institutional investors own 70.19% of the company’s stock.

Analyst Upgrades and Downgrades

TTI has been the subject of a number of recent analyst reports. Weiss Ratings cut Tetra Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 19th. Northland Securities lifted their target price on Tetra Technologies from $11.50 to $14.00 and gave the stock an “outperform” rating in a research report on Tuesday. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $10.88.

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.