TETRA Technologies Inc. (NYSE:TTI) shares traded -0.93% lower at $4.25 on Wall Street last session.
In accordance with the data, 4 analysts cover TETRA Technologies Inc. (NYSE:TTI). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $8.00 and a low of $6.00, we find $7.00. Given the previous closing price of $4.29, this indicates a potential upside of 63.17 percent. TTI stock price is now 35.55% away from the 50-day moving average and 23.17% away from the 200-day moving average. The market capitalization of the company currently stands at $537.16M.
It has been rated a hold by 0 analysts and a buy by 4. Brokers who have rated the stock have averaged $7.00 as their price target over the next twelve months.
With the price target maintained at $7, Johnson Rice recently Upgraded its rating from Hold to Buy for TETRA Technologies Inc. (NYSE: TTI).
In other news, McNiven Roy, Sr. Vice President bought 7,500 shares of the company’s stock on Mar 09. The stock was bought for $26,169 at an average price of $3.49. Upon completion of the transaction, the Sr. Vice President now directly owns 17,500 shares in the company, valued at $74375.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 08, President & CEO Murphy Brady M bought 30,000 shares of the business’s stock. A total of $102,300 was incurred on buying the stock at an average price of $3.41. This leaves the insider owning 1,722,450 shares of the company worth $7.32 million. Insiders disposed of 447,905 shares of company stock worth roughly $1.9 million over the past 1 year. A total of 2.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TTI stock. A new stake in TETRA Technologies Inc. shares was purchased by HRT FINANCIAL LP during the first quarter worth $1,223,000. LMR PARTNERS LLP invested $1,150,000 in shares of TTI during the first quarter. In the first quarter, GRAHAM CAPITAL MANAGEMENT, L.P. acquired a new stake in TETRA Technologies Inc. valued at approximately $1,090,000. QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in TTI for approximately $711,000. XTX TOPCO LTD purchased a new stake in TTI valued at around $347,000 in the second quarter. In total, there are 203 active investors with 62.60% ownership of the company’s stock.
TETRA Technologies Inc. (NYSE: TTI) opened at $4.2400 on Monday. During the past 12 months, TETRA Technologies Inc. has had a low of $2.43 and a high of $5.06. As of last week, the company has a debt-to-equity ratio of 1.39, a current ratio of 2.10, and a quick ratio of 1.40. According to the stock market information, the enterprise value for the company is $731.90M, which is based on a 92.39 price-to-earnings ratio, a 3.19 price-to-earnings-growth ratio, and a beta of 2.63. The fifty day moving average price for TTI is $3.1638 and a two-hundred day moving average price translates $3.4518 for the stock.
The latest earnings results from TETRA Technologies Inc. (NYSE: TTI) was released for Mar, 2023. According to the Oil & Gas Equipment & Services Company, earnings per share came in at $0.03, missing analysts’ expectations of $0.05 by -0.02. This compares to $0.06 EPS in the same period last year. The net profit margin was 1.10% and return on equity was 5.70% for TTI. The company reported revenue of $146.21 million for the quarter, compared to $130.04 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.44 percent. For the current quarter, analysts expect TTI to generate $172.53M in revenue.
TETRA Technologies Inc.(TTI) Company Profile
TETRA Technologies, Inc., together with its subsidiaries, operates as an energy services and solutions company. It operates through two segments, Completion Fluids & Products Division and Water & Flowback Services. The Completion Fluids & Products 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. This segment also markets liquid and dry calcium chloride products; and TETRA PureFlow ultra-pure zinc bromide to battery technology companies. The Water & Flowback Services segment provides water management services for onshore oil and gas operators. This segment also offers frac flowback, production well testing, and other associated services in oil and gas producing regions in the United States and Mexico, as well as in various basins in Latin America, Africa, Europe, and the Middle East. The company was incorporated in 1981 and is headquartered in The Woodlands, Texas.
