Tetra Technologies, Inc. (NYSE:TTI) Stock Has Average Price Target of $11.17

Shares of Tetra Technologies, Inc. (NYSE:TTI – Get Free Report) have received an average recommendation of “Buy” from the five research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $11.17.

A number of research firms have recently commented on TTI. Clear Str upgraded shares of Tetra Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Weiss Ratings lowered shares of Tetra Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 4th. Northland Securities set a $10.00 price objective on shares of Tetra Technologies in a research report on Tuesday, September 1st. Finally, Stifel Nicolaus lowered their price objective on shares of Tetra Technologies from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, September 23rd.

Check Out Our Latest Stock Report on TTI

Insider Buying and Selling at Tetra Technologies

In related news, Director Angela John purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The stock was purchased at an average price of $6.50 per share, with a total value of $65,000.00. Following the completion of the purchase, the director owned 97,434 shares of the company’s stock, valued at approximately $633,321. The trade was a 11.44% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 6.27% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TTI. BlackRock Inc. purchased a new stake in shares of Tetra Technologies in the 2nd quarter worth $138,491,000. Encompass Capital Advisors LLC increased its stake in shares of Tetra Technologies by 10.7% during the first quarter. Encompass Capital Advisors LLC now owns 3,201,953 shares of the oil and gas company’s stock valued at $27,281,000 after buying an additional 310,363 shares during the period. Wellington Management Group LLP raised its holdings in shares of Tetra Technologies by 60.2% in the second quarter. Wellington Management Group LLP now owns 2,343,491 shares of the oil and gas company’s stock valued at $26,552,000 after acquiring an additional 880,413 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Tetra Technologies by 1.4% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,744,530 shares of the oil and gas company’s stock valued at $23,383,000 after acquiring an additional 38,155 shares in the last quarter. Finally, Needham Investment Management LLC raised its holdings in shares of Tetra Technologies by 55.7% in the fourth quarter. Needham Investment Management LLC now owns 2,375,000 shares of the oil and gas company’s stock valued at $22,254,000 after acquiring an additional 850,000 shares in the last quarter. 70.19% of the stock is currently owned by hedge funds and other institutional investors.

Tetra Technologies Price Performance

TTI opened at $6.11 on Wednesday. The business has a fifty day moving average of $6.96 and a 200 day moving average of $8.59. Tetra Technologies has a 52-week low of $5.59 and a 52-week high of $12.54. The company has a quick ratio of 1.76, a current ratio of 2.46 and a debt-to-equity ratio of 0.43. The stock has a market cap of $903.99 million, a P/E ratio of 152.66 and a beta of 1.26.

Tetra Technologies (NYSE:TTI – Get Free Report) last announced its quarterly earnings data 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 return on equity of 9.11% and a net margin of 0.97%. The company had revenue of $185.66 million for the quarter, compared to the consensus estimate of $176.16 million. During the same quarter in the prior year, the company posted $0.08 EPS. As a group, sell-side analysts anticipate that Tetra Technologies will post 0.26 EPS for the current year.

About Tetra Technologies

(Get Free Report)

Tetra Technologies, Inc (NYSE: TTI) is an energy services and solutions company that provides specialized products and services to the oil and gas industry, with additional activities related to energy transition. The company serves customers involved in drilling, well completion, production and offshore operations.

Tetra’s Completion Fluids & Products segment supplies clear brine fluids, completion-fluid additives and related products used to control pressure and protect reservoirs during well-completion and workover activities.

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Analyst Recommendations for Tetra Technologies (NYSE:TTI)

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