Tetra Technologies (NYSE:TTI) VP Kurt Hallead Purchases 22,000 Shares

Tetra Technologies, Inc. (NYSE:TTI) VP Kurt Hallead bought 22,000 shares of Tetra Technologies stock in a transaction that occurred on Tuesday, June 9th. The stock was purchased at an average cost of $9.86 per share, with a total value of $216,920.00. Following the completion of 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Tetra Technologies Trading Down 1.1%

Tetra Technologies stock opened at $9.81 on Wednesday. The firm has a 50 day moving average of $9.57 and a 200 day moving average of $9.60. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 196.30 and a beta of 1.22. Tetra Technologies, Inc. has a 12-month low of $3.06 and a 12-month high of $12.54. The company has a current ratio of 2.02, a quick ratio of 1.20 and a debt-to-equity ratio of 0.62.

Tetra Technologies (NYSE:TTI) last released its earnings results on Wednesday, April 29th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.03. The company had revenue of $156.25 million during 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%. As a group, research analysts predict that Tetra Technologies, Inc. will post 0.26 earnings per share for the current year.

Institutional Investors Weigh In On Tetra Technologies

Institutional investors have recently added to or reduced their stakes in the stock. KBC Group NV purchased a new stake in Tetra Technologies during the 1st quarter valued at approximately $27,000. Aster Capital Management DIFC Ltd purchased a new stake in Tetra Technologies during the 4th quarter valued at approximately $33,000. Stone House Investment Management LLC purchased a new stake in Tetra Technologies during the 4th quarter valued at approximately $39,000. Rockefeller Capital Management L.P. purchased a new stake in Tetra Technologies during the 4th quarter valued at approximately $45,000. Finally, Generali Investments Management Co LLC purchased a new stake in Tetra Technologies during the 4th quarter valued at approximately $54,000. 70.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Tetra Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 19th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Tetra Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.25.

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.