Tetra Technologies Inc. (NYSE:TTI) VP Elisabeth K. Evans sold 14,012 shares of the stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $5.41, for a total transaction of $75,804.92. Following the sale, the vice president now owns 22,752 shares of the company’s stock, valued at $123,088.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Tetra Technologies Inc. (NYSE:TTI) traded up 2.25% during midday trading on Tuesday, hitting $5.45. 978,924 shares of the company traded hands. The company has a 50-day moving average price of $5.62 and a 200-day moving average price of $5.86. The stock’s market capitalization is $505.13 million. Tetra Technologies Inc. has a 52 week low of $4.40 and a 52 week high of $9.44.

Tetra Technologies (NYSE:TTI) last issued its quarterly earnings results on Monday, November 7th. The company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). The company had revenue of $176.55 million for the quarter, compared to the consensus estimate of $205.33 million. Tetra Technologies had a negative net margin of 35.47% and a negative return on equity of 8.79%. The firm’s revenue was down 42.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.17 EPS. Analysts anticipate that Tetra Technologies Inc. will post ($0.49) earnings per share for the current fiscal year.

TTI has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Tetra Technologies from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Credit Suisse Group AG set a $8.00 target price on shares of Tetra Technologies and gave the stock a “buy” rating in a report on Tuesday, August 9th. JPMorgan Chase & Co. set a $8.00 target price on shares of Tetra Technologies and gave the stock a “buy” rating in a report on Tuesday, August 9th. Simmons reiterated an “overweight” rating and set a $7.60 target price (up from $7.35) on shares of Tetra Technologies in a report on Wednesday, August 10th. Finally, Morgan Stanley initiated coverage on shares of Tetra Technologies in a report on Wednesday, August 10th. They set an “overweight” rating and a $10.00 target price for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company. Tetra Technologies presently has a consensus rating of “Buy” and an average target price of $7.87.

Institutional investors have recently modified their holdings of the stock. Raymond James & Associates increased its position in shares of Tetra Technologies by 0.5% in the second quarter. Raymond James & Associates now owns 20,336 shares of the company’s stock valued at $130,000 after buying an additional 93 shares during the last quarter. Eqis Capital Management Inc. increased its position in shares of Tetra Technologies by 1.0% in the second quarter. Eqis Capital Management Inc. now owns 16,915 shares of the company’s stock valued at $108,000 after buying an additional 166 shares during the last quarter. Profund Advisors LLC increased its position in shares of Tetra Technologies by 1.1% in the second quarter. Profund Advisors LLC now owns 18,326 shares of the company’s stock valued at $117,000 after buying an additional 208 shares during the last quarter. American International Group Inc. increased its position in shares of Tetra Technologies by 0.5% in the third quarter. American International Group Inc. now owns 61,031 shares of the company’s stock valued at $373,000 after buying an additional 321 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Tetra Technologies by 0.5% in the third quarter. Victory Capital Management Inc. now owns 152,872 shares of the company’s stock valued at $934,000 after buying an additional 725 shares during the last quarter. Institutional investors own 90.87% of the company’s stock.

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About Tetra Technologies

TETRA Technologies, Inc is an oil and gas services company. The Company focuses on completion fluids and associated products and services, water management, production well testing, offshore rig cooling, compression services and equipment, and offshore services, such as decommissioning and diving. It is composed of five segments organized into four divisions: Fluids, Production Testing, Compression and Offshore.

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