TETRA Technologies Inc. (NYSE: TTI) is -74.74% lower on its value in year-to-date trading and has touched a low of $0.22 and a high of $2.18 in the current 52-week trading range. The TTI stock was last observed hovering at around $0.50 in the recent trading session, with the current gains setting it 0.01% off its average median price target of $1.00 for the next 12 months. It is also 49.0% off the consensus price target high of $1.00 offered by 3 analysts, but current levels are 49.0% higher than the price target low of $1.00 for the same period.
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At last check, trading at $0.51, the stock is 4.06% and 10.14% above its SMA20 and SMA50 respectively. However, with a current trading volume of 0.94 million and changing 3.03% at the moment leaves the stock -52.54% off its SMA200. TTI registered -71.55% loss for a year compared to 6-month loss of -72.50%. The firm has a 50-day simple moving average (SMA 50) of $0.4712 and a 200-day simple moving average (SMA200) of $0.8291.
The stock witnessed a -23.97% gain in the last 1 month and extending the period to 3 months gives it a 90.38%, and is -3.34% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.00% over the week and 15.70% over the month.
TETRA Technologies Inc. (TTI) has around 2600 employees, a market worth around $56.01M and $1.02B in sales. Profit margin for the company is -13.60%. Distance from 52-week low is 131.82% and -76.61% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.10%).
TETRA Technologies Inc. (TTI) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for TETRA Technologies Inc. (TTI) is a “Underweight”. 3 analysts offering their recommendations for the stock have an average rating of 3.30, where 2 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
TETRA Technologies Inc. quarterly earnings per share for the current quarter are estimated at -$0.1 with sales reaching $185M over the same period.The EPS is expected to shrink by -499.80% this year, but quarterly earnings will post -31.40% year-over-year. Quarterly sales are estimated to shrink -35.90% in year-over-year returns.
TETRA Technologies Inc. (TTI) Top Institutional Holders
158 institutions hold shares in TETRA Technologies Inc. (TTI), with 4.38M shares held by insiders accounting for 3.48% while institutional investors hold 86.25% of the company’s shares. The shares outstanding are 125.59M, and float is at 120.69M with Short Float at 7.35%. Institutions hold 83.24% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 19.43 million shares valued at $6.22 million. The investor’s holdings represent 15.43% of the TTI Shares outstanding. As of Mar 30, 2020, the second largest holder is Price (T.Rowe) Associates Inc with 10.44 million shares valued at $3.34 million to account for 8.29% of the shares outstanding. The other top investors are Fuller & Thaler Asset Management Inc. which holds 7.65 million shares representing 6.07% and valued at over $2.45 million, while Vanguard Group, Inc. (The) holds 5.74% of the shares totaling 7.22 million with a market value of $2.31 million.
TETRA Technologies Inc. (TTI) Insider Activity
A total of 36 insider transactions have happened at TETRA Technologies Inc. (TTI) in the last six months, with sales accounting for 18 and purchases happening 18 times. The most recent transaction is an insider purchase by LUNA GINA, the company’s Director. SEC filings show that LUNA GINA bought 175,000 shares of the company’s common stock on Jun 30 at a price of $0.57 per share for a total of $99750.0. Following the purchase, the insider now owns 0.19 million shares.
TETRA Technologies Inc. disclosed in a document filed with the SEC on Jun 29 that O’Brien Richard D (VP-Finance & Global Controller) bought a total of 79,500 shares of the company’s common stock. The trade occurred on Jun 29 and was made at $0.58 per share for $45999.0. Following the transaction, the insider now directly holds 0.14 million shares of the TTI stock.
Still, SEC filings show that on Jun 26, SULLIVAN WILLIAM D (Director) acquired 111,000 shares at an average price of $0.50 for $55189.0. The insider now directly holds 402,624 shares of TETRA Technologies Inc. (TTI).
TETRA Technologies Inc. (TTI): Who are the competitors?
The company’s main competitors (and peers) include Schlumberger Limited (SLB) that is trading -57.83% down over the past 12 months. RPC Inc. (RES) is -58.03% down on the 1-year trading charts. Short interest in the company’s stock has risen 60.65% from the last report on May 14, 2020 to stand at a total of 3.49 million short shares sold with a short interest ratio of 1.75.