Shares of Tetra Technologies, Inc. (NYSE:TTI – Get Free Report) have received a consensus rating of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $12.8333.
Several equities research analysts have recently issued reports on TTI shares. Weiss Ratings lowered shares of Tetra Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 4th. Northland Securities lifted their price target on Tetra Technologies from $11.50 to $14.00 and gave the company an “outperform” rating in a research note on Tuesday, June 30th.
Check Out Our Latest Stock Analysis on Tetra Technologies
Tetra Technologies Stock Performance
Tetra Technologies (NYSE:TTI – Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The oil and gas company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. Tetra Technologies had a net margin of 0.97% and a return on equity of 9.11%. The company had revenue of $185.66 million for the quarter, compared to analyst estimates of $176.16 million. During the same quarter last year, the business earned $0.08 earnings per share. Equities research analysts anticipate that Tetra Technologies will post 0.26 earnings per share for the current year.
Insider Activity at Tetra Technologies
In other Tetra Technologies news, VP Kurt Hallead acquired 22,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were bought 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 owned 170,764 shares in the company, valued at approximately $1,683,733.04. This trade represents a 14.79% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Brady M. Murphy sold 50,000 shares of the company’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 value of $536,000.00. Following the transaction, the chief executive officer directly owned 2,965,457 shares of the company’s stock, valued at approximately $31,789,699.04. The trade was a 1.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 6.27% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Tetra Technologies
Large investors have recently added to or reduced their stakes in the stock. F m Investments LLC purchased a new position in Tetra Technologies in the 4th quarter valued at about $958,000. Edgestream Partners L.P. purchased a new stake in Tetra Technologies during the 1st quarter worth approximately $2,874,000. Ranger Investment Management L.P. purchased a new stake in Tetra Technologies during the 2nd quarter worth approximately $5,190,000. Heartland Advisors Inc. raised its holdings in shares of Tetra Technologies by 69.0% during the first quarter. Heartland Advisors Inc. now owns 613,800 shares of the oil and gas company’s stock valued at $5,230,000 after acquiring an additional 250,650 shares during the last quarter. Finally, Rice Hall James & Associates LLC acquired a new position in shares of Tetra Technologies during the second quarter valued at approximately $12,099,000. 70.19% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Stories
- Five stocks we like better than Tetra Technologies
- Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
- Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
- Snowflake Could Be Headed for New Highs Despite Insider Selling
- MongoDB Is Surging—And the Next Catalyst Is Almost Here
Receive News & Ratings for Tetra Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tetra Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
