Tetra Technologies, Inc. (NYSE:TTI) Receives $10.25 Consensus Target Price from Analysts

Shares of Tetra Technologies, Inc. (NYSE:TTI) have been given an average rating of “Moderate Buy” by the six ratings firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $10.8750.

A number of research analysts have recently weighed in on TTI shares. Northland Securities raised their target price on Tetra Technologies from $11.50 to $14.00 and gave the company an “outperform” rating in a report on Tuesday. Weiss Ratings lowered shares of Tetra Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 19th.

Insider Transactions at Tetra Technologies

In other news, CEO Brady M. Murphy sold 50,000 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $10.72, for a total transaction of $536,000.00. Following the sale, the chief executive officer directly owned 2,965,457 shares in the company, valued at $31,789,699.04. This represents a 1.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Kurt Hallead bought 22,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were purchased at an average cost 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 trade represents a 14.79% increase in their position. The SEC filing for this purchase provides additional information. 6.27% of the stock is owned by company insiders.

Institutional Investors Weigh In On Tetra Technologies

Large investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its position in shares of Tetra Technologies by 87.3% during the 1st quarter. AQR Capital Management LLC now owns 120,585 shares of the oil and gas company’s stock valued at $405,000 after acquiring an additional 56,203 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Tetra Technologies by 125.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 161,840 shares of the oil and gas company’s stock worth $544,000 after purchasing an additional 90,001 shares during the last quarter. Jane Street Group LLC increased its position in shares of Tetra Technologies by 389.7% in the first quarter. Jane Street Group LLC now owns 225,101 shares of the oil and gas company’s stock worth $756,000 after purchasing an additional 302,793 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Tetra Technologies by 0.9% in the second quarter. JPMorgan Chase & Co. now owns 389,606 shares of the oil and gas company’s stock valued at $1,309,000 after purchasing an additional 3,547 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in Tetra Technologies by 74.4% in the second quarter. Prudential Financial Inc. now owns 17,790 shares of the oil and gas company’s stock valued at $60,000 after purchasing an additional 7,590 shares in the last quarter. Institutional investors own 70.19% of the company’s stock.

Tetra Technologies Trading Up 0.3%

NYSE TTI opened at $9.32 on Monday. The business’s 50-day moving average price is $10.18 and its two-hundred day moving average price is $9.86. The company has a current ratio of 2.02, a quick ratio of 1.20 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $1.24 billion, a PE ratio of 186.54 and a beta of 1.19. Tetra Technologies has a 12 month low of $3.17 and a 12 month high of $12.54.

Tetra Technologies (NYSE:TTI) last announced its earnings results on Wednesday, April 29th. The oil and gas company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. Tetra Technologies had a net margin of 1.15% and a return on equity of 10.50%. The business had revenue of $156.25 million during the quarter, compared to the consensus estimate of $151.20 million. On average, analysts expect that Tetra Technologies will post 0.26 EPS for the current 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.