Tetra Technologies, Inc. (NYSE:TTI – Get Free Report) Director Angela John purchased 10,000 shares of Tetra Technologies stock in a transaction dated Wednesday, September 2nd. The shares were acquired at an average cost of $6.50 per share, for a total transaction of $65,000.00. Following the transaction, the director directly owned 97,434 shares of the company’s stock, valued at approximately $633,321. This represents a 11.44% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Tetra Technologies Stock Up 1.9%
Shares of NYSE TTI traded up $0.12 during midday trading on Wednesday, hitting $6.66. The company’s stock had a trading volume of 3,044,996 shares, compared to its average volume of 1,807,850. 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 firm has a market capitalization of $985.41 million, a price-to-earnings ratio of 166.42 and a beta of 1.23. The business’s fifty day simple moving average is $8.56 and its two-hundred day simple moving average is $9.18. Tetra Technologies, Inc. has a 1 year low of $4.61 and a 1 year high of $12.54.
Tetra Technologies (NYSE:TTI – Get Free Report) last announced its earnings results on Monday, August 3rd. The oil and gas company reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. The firm had revenue of $185.66 million for the quarter, compared to the consensus estimate 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 in the prior year, the firm earned $0.08 EPS. On average, equities analysts predict that Tetra Technologies, Inc. will post 0.26 EPS for the current year.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on Tetra Technologies
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in TTI. Allworth Financial LP purchased a new stake in shares of Tetra Technologies in the 2nd quarter valued at approximately $27,000. KBC Group NV purchased a new stake in shares of Tetra Technologies during the 1st quarter worth $27,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Tetra Technologies during the 4th quarter worth $33,000. Rockefeller Capital Management L.P. acquired a new position in shares of Tetra Technologies during the fourth quarter worth $45,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Tetra Technologies by 31.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 6,204 shares of the oil and gas company’s stock valued at $58,000 after buying an additional 1,473 shares during the last quarter. Hedge funds and other 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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