Tetra Technologies, Inc. (NYSE:TTI) Receives $9.25 Consensus Price Target from Brokerages

Tetra Technologies, Inc. (NYSE:TTI) has received a consensus rating of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $9.25.

Several equities analysts have commented on the stock. Wall Street Zen cut shares of Tetra Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Tetra Technologies in a research note on Tuesday, October 14th. Northland Securities boosted their target price on Tetra Technologies from $8.50 to $11.50 and gave the stock an “outperform” rating in a report on Wednesday, December 31st. CJS Securities began coverage on Tetra Technologies in a research report on Thursday, December 11th. They set an “outperform” rating and a $11.50 price target on the stock. Finally, Stifel Nicolaus upped their price objective on Tetra Technologies from $6.50 to $9.00 and gave the company a “buy” rating in a report on Wednesday, October 15th.

Tetra Technologies Stock Down 0.5%

TTI opened at $9.88 on Monday. The stock’s 50 day moving average price is $8.48 and its 200 day moving average price is $6.10. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.35 and a quick ratio of 1.56. The stock has a market cap of $1.32 billion, a P/E ratio of 10.85 and a beta of 1.11. Tetra Technologies has a 12 month low of $2.03 and a 12 month high of $10.24.

Tetra Technologies (NYSE:TTI) last released its quarterly earnings results on Tuesday, October 28th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. Tetra Technologies had a return on equity of 13.07% and a net margin of 19.75%.The company had revenue of $153.24 million during the quarter, compared to analysts’ expectations of $144.40 million. As a group, research analysts predict that Tetra Technologies will post 0.15 earnings per share for the current year.

Insiders Place Their Bets

In other news, VP Shoemake Alicia R. Boston sold 19,257 shares of the firm’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $7.94, for a total transaction of $152,900.58. Following the completion of the transaction, the vice president owned 132,672 shares in the company, valued at approximately $1,053,415.68. This trade represents a 12.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 5.71% of the company’s stock.

Institutional Trading of Tetra Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in TTI. State of Alaska Department of Revenue acquired a new position in Tetra Technologies in the third quarter worth approximately $28,000. Vestmark Advisory Solutions Inc. bought a new stake in shares of Tetra Technologies during the 3rd quarter worth $58,000. DKM Wealth Management Inc. acquired a new position in shares of Tetra Technologies in the 2nd quarter worth $42,000. Osaic Holdings Inc. raised its position in shares of Tetra Technologies by 647.1% during the second quarter. Osaic Holdings Inc. now owns 12,700 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 11,000 shares during the period. Finally, Catalyst Funds Management Pty Ltd acquired a new stake in shares of Tetra Technologies during the second quarter worth $44,000. 70.19% of the stock is 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.