Tetra Technologies, Inc. (NYSE:TTI) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts rate Tetra Technologies “Moderate Buy.” Three of five analysts recommend buying the stock, while two rate it a hold; the average 12-month price target is $11.50.
• Tetra reported quarterly EPS of $0.08, matching estimates, while revenue of $185.66 million exceeded expectations of $176.16 million. Analysts project full-year EPS of $0.26.
• The stock opened at $6.84, well below its 50-day average of $8.01 and 52-week high of $12.54. Recent activity included a 10,000-share purchase by a director, a 50,000-share sale by the CEO, and substantial new institutional positions.

Shares of Tetra Technologies, Inc. (NYSE:TTI - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the five analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $11.50.

TTI has been the subject of several recent analyst reports. Northland Securities set a $10.00 price objective on shares of Tetra Technologies in a research report on Tuesday, September 1st. Weiss Ratings cut shares of Tetra Technologies from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, August 4th.

Tetra Technologies Trading Up 0.4%

Shares of Tetra Technologies stock opened at $6.84 on Friday. The firm has a 50-day moving average of $8.01 and a 200-day moving average of $8.97. Tetra Technologies has a 52-week low of $4.71 and a 52-week high of $12.54. The stock has a market cap of $1.01 billion, a PE ratio of 171.14 and a beta of 1.23. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.76 and a current ratio of 2.46.

Tetra Technologies (NYSE:TTI - Get Free Report) last announced its earnings results on Monday, August 3rd. The oil and gas company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. The company had revenue of $185.66 million for the quarter, compared to analysts' expectations of $176.16 million. Tetra Technologies had a net margin of 0.97% and a return on equity of 9.11%. During the same period last year, the firm earned $0.08 earnings per share. As a group, sell-side analysts forecast that Tetra Technologies will post 0.26 EPS for the current year.

Insider Transactions at Tetra Technologies

In related news, Director Angela D. John purchased 10,000 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was bought at an average cost of $6.50 per share, for a total transaction of $65,000.00. Following the completion of the acquisition, the director owned 97,434 shares of the company's stock, valued at approximately $633,321. This represents a 11.44% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brady M. Murphy sold 50,000 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $10.72, for a total value of $536,000.00. Following the completion of the transaction, the chief executive officer owned 2,965,457 shares of the company's stock, valued at $31,789,699.04. This represents a 1.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 6.27% of the company's stock.

Hedge Funds Weigh In On Tetra Technologies

Large investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in Tetra Technologies during the 2nd quarter worth approximately $138,491,000. Ranger Investment Management L.P. bought a new stake in Tetra Technologies in the second quarter worth approximately $5,190,000. SIR Capital Management L.P. acquired a new position in Tetra Technologies in the second quarter valued at approximately $1,810,000. Edgestream Partners L.P. acquired a new position in Tetra Technologies in the first quarter valued at approximately $2,874,000. Finally, Rice Hall James & Associates LLC bought a new position in shares of Tetra Technologies during the 2nd quarter worth approximately $12,099,000. 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.

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