Tetra Technologies (NYSE:TTI) Trading Down 7.4% – Should You Sell?

Tetra Technologies, Inc. (NYSE:TTI) shares fell 7.4% on Monday . The company traded as low as $7.71 and last traded at $7.6950. 737,809 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 1,762,792 shares. The stock had previously closed at $8.31.

Analyst Ratings Changes

A number of brokerages recently commented on TTI. Northland Securities boosted their price objective on shares of Tetra Technologies from $11.50 to $14.00 and gave the company an “outperform” rating in a research report on Tuesday, June 30th. Weiss Ratings raised shares of Tetra Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 8th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $10.88.

Tetra Technologies Trading Down 6.4%

The firm has a market cap of $958.13 million, a P/E ratio of 144.03 and a beta of 1.19. The company has a 50 day moving average of $9.81 and a 200 day moving average of $9.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.20 and a current ratio of 2.02.

Tetra Technologies (NYSE:TTI) last issued its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.03. The firm had revenue of $156.25 million for the quarter, compared to analyst estimates of $151.20 million. Tetra Technologies had a net margin of 1.15% and a return on equity of 10.50%. Analysts predict that Tetra Technologies, Inc. will post 0.27 EPS for the current fiscal year.

Insider Buying and Selling at Tetra Technologies

In other news, CEO Brady M. Murphy sold 50,000 shares of the stock in a transaction on 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. This represents a 1.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Kurt Hallead purchased 22,000 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were acquired at an average price of $9.86 per share, for a total transaction of $216,920.00. Following the acquisition, the vice president directly owned 170,764 shares in the company, valued at $1,683,733.04. This represents a 14.79% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 6.27% of the company’s stock.

Hedge Funds Weigh In On Tetra Technologies

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

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.