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

Shares of Tetra Technologies, Inc. (NYSE:TTI) have received an average recommendation of “Moderate Buy” from the six analysts that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $10.25.

A number of equities analysts have commented on the company. Clear Str cut Tetra Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Weiss Ratings raised Tetra Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th.

Tetra Technologies Trading Down 2.4%

Shares of Tetra Technologies stock opened at $10.50 on Friday. The firm has a market capitalization of $1.42 billion, a PE ratio of 210.08 and a beta of 1.21. Tetra Technologies has a twelve month low of $2.63 and a twelve month high of $12.54. The firm’s 50-day moving average price is $8.90 and its 200 day moving average price is $9.25. The company has a current ratio of 2.02, a quick ratio of 1.20 and a debt-to-equity ratio of 0.62.

Tetra Technologies (NYSE:TTI) last posted its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.03 by $0.03. Tetra Technologies had a return on equity of 10.50% and a net margin of 1.15%.The company had revenue of $156.25 million during the quarter, compared to analyst estimates of $151.20 million. On average, sell-side analysts predict that Tetra Technologies will post 0.26 EPS for the current fiscal year.

Hedge Funds Weigh In On Tetra Technologies

A number of hedge funds have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV raised its holdings in shares of Tetra Technologies by 5.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 24,819 shares of the oil and gas company’s stock valued at $233,000 after acquiring an additional 1,272 shares during the last quarter. ProShare Advisors LLC raised its holdings in Tetra Technologies by 6.7% in the 4th quarter. ProShare Advisors LLC now owns 23,179 shares of the oil and gas company’s stock valued at $217,000 after acquiring an additional 1,452 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Tetra Technologies by 31.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 6,204 shares of the oil and gas company’s stock valued at $58,000 after acquiring an additional 1,473 shares during the last quarter. LPL Financial LLC raised its holdings in Tetra Technologies by 9.7% in the 4th quarter. LPL Financial LLC now owns 19,626 shares of the oil and gas company’s stock valued at $184,000 after acquiring an additional 1,739 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in Tetra Technologies by 2.5% in the 3rd quarter. Sei Investments Co. now owns 73,170 shares of the oil and gas company’s stock valued at $421,000 after acquiring an additional 1,754 shares during the last quarter. Institutional investors and hedge funds own 70.19% of the company’s stock.

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.