Tetra Technologies (NYSE:TTI – Get Free Report) was upgraded by analysts at Clear Str from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday, Zacks reports.
Other research analysts have also issued research reports about the company. Northland Securities set a $10.00 target price on Tetra Technologies in a report on Tuesday, September 1st. Stifel Nicolaus cut 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. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $11.17.
Get Our Latest Stock Report on TTI
Tetra Technologies Trading Down 0.1%
Tetra Technologies (NYSE:TTI – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The oil and gas company reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. The firm had revenue of $185.66 million during the quarter, compared to analyst estimates of $176.16 million. Tetra Technologies had a return on equity of 9.11% and a net margin of 0.97%.During the same period last year, the company earned $0.08 earnings per share. As a group, analysts anticipate that Tetra Technologies will post 0.26 earnings per share for the current year.
Insider Transactions at Tetra Technologies
In related news, Director Angela John purchased 10,000 shares of the business’s stock in a transaction on Wednesday, September 2nd. The stock was acquired at an average price of $6.50 per share, with a total value of $65,000.00. Following the purchase, the director directly owned 97,434 shares in the company, valued at approximately $633,321. This represents a 11.44% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.27% of the stock is currently owned by insiders.
Institutional Trading of Tetra Technologies
Several institutional investors and hedge funds have recently made changes to their positions in the stock. KBC Group NV purchased a new position in Tetra Technologies in the first quarter worth $27,000. Allworth Financial LP bought a new stake in Tetra Technologies during the second quarter worth about $27,000. Rockefeller Capital Management L.P. bought a new stake in Tetra Technologies during the fourth quarter worth about $45,000. Royal Bank of Canada boosted its holdings in shares of Tetra Technologies by 133.1% in the 1st quarter. Royal Bank of Canada now owns 9,164 shares of the oil and gas company’s stock worth $78,000 after purchasing an additional 5,232 shares in the last quarter. Finally, Stoneridge Investment Partners LLC purchased a new position in shares of Tetra Technologies in the 2nd quarter worth about $81,000. Hedge funds and other institutional investors own 70.19% of the company’s stock.
About Tetra Technologies
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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