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

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

Several research firms have weighed in on TTI. Weiss Ratings upgraded Tetra Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. Stifel Nicolaus raised their price target on Tetra Technologies from $9.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Finally, Clear Str lowered Tetra Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th.

Tetra Technologies Trading Up 0.2%

TTI opened at $9.79 on Friday. The firm’s fifty day moving average is $8.75 and its two-hundred day moving average is $9.15. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.20 and a current ratio of 2.02. The firm has a market cap of $1.32 billion, a PE ratio of 195.76 and a beta of 1.21. Tetra Technologies has a twelve month low of $2.63 and a twelve month high of $12.54.

Tetra Technologies (NYSE:TTI) last announced its quarterly earnings results 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. Tetra Technologies had a net margin of 1.15% and a return on equity of 10.50%. The company had revenue of $156.25 million during the quarter, compared to analyst estimates of $151.20 million. Equities research analysts anticipate that Tetra Technologies will post 0.26 EPS for the current year.

Institutional Investors Weigh In On Tetra Technologies

Several large investors have recently made changes to their positions in the stock. 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 worth $233,000 after acquiring an additional 1,272 shares during the period. ProShare Advisors LLC boosted its stake 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 worth $217,000 after purchasing an additional 1,452 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Tetra Technologies by 31.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 6,204 shares of the oil and gas company’s stock worth $58,000 after purchasing an additional 1,473 shares in the last quarter. LPL Financial LLC increased its holdings in Tetra Technologies by 9.7% during the 4th quarter. LPL Financial LLC now owns 19,626 shares of the oil and gas company’s stock worth $184,000 after purchasing an additional 1,739 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of 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 purchasing an additional 1,754 shares during the period. Institutional investors own 70.19% of the company’s stock.

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.