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

Shares of Tetra Technologies, Inc. (NYSE:TTI) have earned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $10.25.

Separately, Weiss Ratings lowered Tetra Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 19th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TTI. Rubric Capital Management LP purchased a new position in Tetra Technologies during the 3rd quarter worth $26,046,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Tetra Technologies by 2,392.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,072,139 shares of the oil and gas company’s stock valued at $28,787,000 after acquiring an additional 2,948,885 shares during the period. Encompass Capital Advisors LLC purchased a new position in shares of Tetra Technologies in the 4th quarter valued at $27,094,000. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Tetra Technologies in the 4th quarter valued at $25,359,000. Finally, Wellington Management Group LLP purchased a new position in shares of Tetra Technologies in the 4th quarter valued at $15,773,000. 70.19% of the stock is currently owned by hedge funds and other institutional investors.

Tetra Technologies Stock Performance

NYSE TTI opened at $9.81 on Thursday. The stock has a market capitalization of $1.33 billion, a PE ratio of 196.14 and a beta of 1.22. The business has a 50 day simple moving average of $9.47 and a two-hundred day simple moving average of $9.54. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.02 and a quick ratio of 1.20. Tetra Technologies has a 1-year low of $2.84 and a 1-year high of $12.54.

Tetra Technologies (NYSE:TTI) last posted its quarterly earnings data 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%. On average, research analysts predict that Tetra Technologies will post 0.26 EPS for the current fiscal year.

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.