Tetra Technologies, Inc. (NYSE:TTI – Get Free Report) CEO Brady Murphy sold 50,000 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer directly 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 filing with the SEC, which is available through this hyperlink.
Tetra Technologies Price Performance
NYSE:TTI traded down $0.93 during trading hours on Thursday, reaching $9.32. 1,837,881 shares of the company traded hands, compared to its average volume of 1,823,850. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.02 and a quick ratio of 1.20. The firm’s 50-day moving average is $10.18 and its 200-day moving average is $9.86. The stock has a market cap of $1.24 billion, a P/E ratio of 186.54 and a beta of 1.18. Tetra Technologies, Inc. has a 1-year low of $3.17 and a 1-year high of $12.54.
Tetra Technologies (NYSE:TTI – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. The company had revenue of $156.25 million during the quarter, compared to analysts’ expectations of $151.20 million. Tetra Technologies had a return on equity of 10.50% and a net margin of 1.15%. Equities research analysts expect that Tetra Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Tetra Technologies
Analysts Set New Price Targets
Several equities research analysts have issued reports on TTI shares. Northland Securities raised 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. Weiss Ratings lowered shares of Tetra Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 19th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Tetra Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.88.
View Our Latest Stock Analysis on TTI
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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