Tetra Technologies (NYSE:TTI) Director Buys $65,000.00 in Stock

Tetra Technologies, Inc. (NYSE:TTI) Director Angela John acquired 10,000 shares of Tetra Technologies stock in a transaction that occurred on Wednesday, September 2nd. The shares were purchased at an average cost of $6.50 per share, for a total transaction of $65,000.00. Following the purchase, the director directly owned 97,434 shares in the company, valued at $633,321. The trade was a 11.44% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Tetra Technologies Stock Down 0.9%

Shares of NYSE:TTI opened at $6.88 on Friday. Tetra Technologies, Inc. has a 52 week low of $4.61 and a 52 week high of $12.54. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.76 and a current ratio of 2.46. The company has a market capitalization of $1.02 billion, a PE ratio of 172.04 and a beta of 1.23. The company has a 50 day moving average price of $8.35 and a two-hundred day moving average price of $9.11.

Tetra Technologies (NYSE:TTI) last announced its quarterly earnings results on Monday, August 3rd. The oil and gas company reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.08. Tetra Technologies had a net margin of 0.97% and a return on equity of 9.11%. The company had revenue of $185.66 million for the quarter, compared to analysts’ expectations of $176.16 million. During the same period last year, the firm posted $0.08 earnings per share. Analysts forecast that Tetra Technologies, Inc. will post 0.26 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TTI. Weiss Ratings cut Tetra Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 4th. Northland Securities set a $10.00 price objective on Tetra Technologies in a report on Tuesday. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $11.50.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. KBC Group NV bought a new position in shares of Tetra Technologies in the first quarter valued at $27,000. Allworth Financial LP bought a new position in shares of Tetra Technologies in the 2nd quarter valued at about $27,000. Aster Capital Management DIFC Ltd bought a new position in shares of Tetra Technologies in the 4th quarter valued at about $33,000. Osaic Holdings Inc. increased its stake in shares of Tetra Technologies by 647.1% during the 2nd quarter. Osaic Holdings Inc. now owns 12,700 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 11,000 shares during the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new position in shares of Tetra Technologies during the 4th quarter worth about $45,000. 70.19% of the stock is currently owned by institutional investors.

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.