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

Key Points

• Analysts give Tetra Technologies a “Moderate Buy” consensus, with three buy ratings and two holds. The average 12-month price target is $12.83, above the stock’s reported $8.42 price.
• Tetra reported quarterly earnings of $0.08 per share, matching expectations, while revenue of $185.66 million exceeded the $176.16 million consensus estimate. Analysts expect full-year earnings of approximately $0.26 per share.
• Institutional investors own 70.19% of the company after several firms initiated positions during the second quarter. Insider activity was mixed, with the CEO selling 50,000 shares and a vice president purchasing 22,000 shares.

Tetra Technologies, Inc. (NYSE:TTI - Get Free Report) has earned an average recommendation of "Moderate Buy" from the five research firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $12.8333.

TTI has been the subject of several recent analyst reports. 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. Northland Securities boosted their price target on shares of Tetra Technologies from $11.50 to $14.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 30th.

Insider Transactions at Tetra Technologies

In other Tetra Technologies news, CEO Brady M. Murphy sold 50,000 shares of the business's stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $10.72, for a total transaction of $536,000.00. Following the transaction, the chief executive officer owned 2,965,457 shares in the company, valued at approximately $31,789,699.04. The trade was a 1.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Kurt Hallead bought 22,000 shares of the business's stock in a transaction dated Tuesday, June 9th. The shares were acquired at an average cost of $9.86 per share, with a total value of $216,920.00. Following the completion of the purchase, the vice president owned 170,764 shares in the company, valued at approximately $1,683,733.04. This represents a 14.79% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 6.27% of the stock is owned by company insiders.

Institutional Trading of Tetra Technologies

Institutional investors have recently modified their holdings of the business. Jefferies Financial Group Inc. acquired a new position in Tetra Technologies during the second quarter worth $148,000. Bank of America Corp DE acquired a new stake in Tetra Technologies in the second quarter valued at $20,103,000. Jupiter Topco LLC acquired a new stake in Tetra Technologies in the second quarter valued at $690,000. Expect Equity LLC purchased a new stake in shares of Tetra Technologies during the 2nd quarter worth $362,000. Finally, SIR Capital Management L.P. purchased a new stake in shares of Tetra Technologies during the 2nd quarter worth $1,810,000. 70.19% of the stock is currently owned by hedge funds and other institutional investors.

Tetra Technologies Price Performance

Tetra Technologies stock opened at $8.42 on Tuesday. Tetra Technologies has a 12 month low of $3.89 and a 12 month high of $12.54. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.46 and a quick ratio of 1.76. The business has a 50 day simple moving average of $9.26 and a 200-day simple moving average of $9.53. The stock has a market capitalization of $1.25 billion, a PE ratio of 210.55 and a beta of 1.25.

Tetra Technologies (NYSE:TTI - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The oil and gas company reported $0.08 earnings per share for the quarter, meeting analysts' consensus estimates of $0.08. The firm had revenue of $185.66 million for the quarter, compared to analyst estimates 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 posted $0.08 EPS. Equities analysts predict that Tetra Technologies will post 0.26 earnings per share for the current year.

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.

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