Shares of TETRA Technologies, Inc. (NYSE:TTI) have received an average rating of “Hold” from the ten research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $5.60.

A number of brokerages recently issued reports on TTI. Stifel Nicolaus set a $4.00 price objective on shares of TETRA Technologies and gave the company a “buy” rating in a report on Friday, May 10th. ValuEngine raised shares of TETRA Technologies from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Finally, Zacks Investment Research raised shares of TETRA Technologies from a “sell” rating to a “hold” rating in a report on Thursday, March 14th.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Metropolitan Life Insurance Co NY purchased a new position in shares of TETRA Technologies during the first quarter worth approximately $92,000. MetLife Investment Advisors LLC purchased a new position in TETRA Technologies in the 1st quarter valued at $148,000. Marshall Wace LLP purchased a new position in TETRA Technologies in the 1st quarter valued at $575,000. RK Capital Management LLC grew its position in TETRA Technologies by 8.2% in the 1st quarter. RK Capital Management LLC now owns 1,481,824 shares of the oil and gas company’s stock valued at $3,467,000 after buying an additional 112,855 shares during the last quarter. Finally, Magnus Financial Group LLC grew its position in TETRA Technologies by 17.9% in the 1st quarter. Magnus Financial Group LLC now owns 41,275 shares of the oil and gas company’s stock valued at $97,000 after buying an additional 6,277 shares during the last quarter. 81.40% of the stock is owned by hedge funds and other institutional investors.

Shares of TTI traded down $0.02 during mid-day trading on Tuesday, reaching $1.53. The stock had a trading volume of 12,276 shares, compared to its average volume of 524,114. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.16 and a current ratio of 1.87. TETRA Technologies has a 52-week low of $1.29 and a 52-week high of $5.11. The company has a fifty day moving average of $1.76. The stock has a market capitalization of $194.70 million, a price-to-earnings ratio of -30.80 and a beta of 1.84.

TETRA Technologies (NYSE:TTI) last announced its quarterly earnings data on Thursday, May 9th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). TETRA Technologies had a negative net margin of 1.88% and a negative return on equity of 1.68%. The firm had revenue of $243.73 million during the quarter, compared to analysts’ expectations of $252.83 million. During the same period in the prior year, the company posted ($0.06) EPS. The company’s revenue for the quarter was up 22.2% compared to the same quarter last year. As a group, research analysts forecast that TETRA Technologies will post -0.03 EPS for the current fiscal year.

TETRA Technologies Company Profile

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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