Tetra Technologies, Inc. (NYSE:TTI) Given Average Rating of “Moderate Buy” by Analysts

Tetra Technologies, Inc. (NYSE:TTI) has earned an average rating of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $10.25.

TTI has been the topic of a number of recent research reports. CJS Securities initiated coverage on Tetra Technologies in a report on Thursday, December 11th. They set an “outperform” rating and a $11.50 price objective on the stock. Stifel Nicolaus increased their price target on shares of Tetra Technologies from $9.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Clear Str lowered shares of Tetra Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tetra Technologies in a report on Friday, January 9th. Finally, Wall Street Zen downgraded shares of Tetra Technologies from a “buy” rating to a “hold” rating in a report on Saturday, November 1st.

Tetra Technologies Stock Up 1.6%

Tetra Technologies stock opened at $11.57 on Friday. The firm has a 50 day simple moving average of $9.57 and a 200 day simple moving average of $6.87. The company has a current ratio of 2.35, a quick ratio of 1.56 and a debt-to-equity ratio of 0.61. Tetra Technologies has a 1-year low of $2.03 and a 1-year high of $12.25. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 12.72 and a beta of 1.11.

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

Insiders Place Their Bets

In other Tetra Technologies news, VP Shoemake Alicia R. Boston sold 19,257 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $7.94, for a total value of $152,900.58. Following the sale, the vice president owned 132,672 shares of the company’s stock, valued at $1,053,415.68. This trade represents a 12.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.71% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Pictet Asset Management Holding SA bought a new stake in Tetra Technologies during the fourth quarter valued at approximately $226,000. UBS Group AG lifted its holdings in shares of Tetra Technologies by 217.6% during the 4th quarter. UBS Group AG now owns 668,783 shares of the oil and gas company’s stock worth $6,266,000 after acquiring an additional 458,230 shares during the last quarter. Teachers Retirement System of The State of Kentucky purchased a new position in Tetra Technologies in the fourth quarter worth $1,671,000. Generali Investments Management Co LLC bought a new position in Tetra Technologies in the fourth quarter valued at $54,000. Finally, Arizona State Retirement System purchased a new stake in Tetra Technologies during the fourth quarter valued at about $329,000. 70.19% of the stock is currently owned by institutional investors.

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.