TETRA Technologies, Inc. (TTI) Given Average Recommendation of “Hold” by Analysts

Shares of TETRA Technologies, Inc. (NYSE:TTI) have been given an average recommendation of “Hold” by the ten analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $6.10.

A number of research analysts have recently weighed in on TTI shares. Johnson Rice downgraded shares of TETRA Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 19th. Raymond James downgraded shares of TETRA Technologies from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 13th. Finally, Zacks Investment Research raised shares of TETRA Technologies from a “sell” rating to a “hold” rating in a research report on Thursday.

In other TETRA Technologies news, CEO Stuart M. Brightman purchased 100,000 shares of the company’s stock in a transaction that occurred on Friday, December 28th. The shares were bought at an average cost of $1.41 per share, for a total transaction of $141,000.00. Following the purchase, the chief executive officer now owns 1,258,163 shares of the company’s stock, valued at approximately $1,774,009.83. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 5.69% of the company’s stock.

Several hedge funds have recently made changes to their positions in TTI. BlackRock Inc. lifted its stake in TETRA Technologies by 1.2% in the 4th quarter. BlackRock Inc. now owns 18,696,838 shares of the oil and gas company’s stock worth $31,410,000 after purchasing an additional 218,452 shares in the last quarter. Vanguard Group Inc. lifted its stake in TETRA Technologies by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 10,019,603 shares of the oil and gas company’s stock worth $45,188,000 after purchasing an additional 160,910 shares in the last quarter. Vanguard Group Inc lifted its stake in TETRA Technologies by 1.6% in the 3rd quarter. Vanguard Group Inc now owns 10,019,603 shares of the oil and gas company’s stock worth $45,188,000 after purchasing an additional 160,910 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in TETRA Technologies by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,646,508 shares of the oil and gas company’s stock worth $34,485,000 after purchasing an additional 63,265 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in TETRA Technologies by 0.5% in the 3rd quarter. Wells Fargo & Company MN now owns 4,939,235 shares of the oil and gas company’s stock worth $22,276,000 after purchasing an additional 25,155 shares in the last quarter. Institutional investors own 83.16% of the company’s stock.

TETRA Technologies stock opened at $2.36 on Friday. TETRA Technologies has a twelve month low of $1.29 and a twelve month high of $5.11. The company has a market cap of $297.74 million, a PE ratio of -47.20 and a beta of 1.59. The company has a quick ratio of 1.28, a current ratio of 2.00 and a debt-to-equity ratio of 2.61.

TETRA Technologies (NYSE:TTI) last released its earnings results on Thursday, February 28th. The oil and gas company reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.02. TETRA Technologies had a negative net margin of 6.44% and a negative return on equity of 2.20%.

About TETRA Technologies

TETRA Technologies, Inc, together with its subsidiaries, operates as a diversified oil and gas services company. The company's Completion Fluids segment manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, as well as in Latin America, Europe, Asia, the Middle East, and Africa.

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Analyst Recommendations for TETRA Technologies (NYSE:TTI)

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