Value Hunters: Look To TETRA Technologies Inc. (TTI)

FIVE Stock
FIVE Stock

Roumell Asset Management LLC recently announced the acquisition of new stake in TETRA Technologies Inc. (NYSE:TTI). This fresh investment now brings its stake to 6.15% valued currently at $5.21 million. In addition, Fuller & Thaler Asset Management,.. raised its holdings by 81517.0 to 7.73 million shares.

With over 2.22 million TETRA Technologies Inc. (TTI) shares trading Friday and a closing price of $0.66 on the day, the dollar volume was approximately $1.47 million. The shares have shown a positive weekly performance of 23.73% and its price on 08/28/20 gained nearly 3.13%. Currently, there are 125.89M common shares owned by the public and among those 113.62M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 3 analysts who have offered their price forecasts for TTI have a consensus price objective of $1.00. The analysts have set the share’s price value over the next 12 months at a high of $1.00 and a low of $1.00 should the stock experience a downside. Incidentally, analysts’ outlook for the TETRA Technologies Inc. stock is 3.30 for the next 12 months. The average price target is 34.0% above its last price level and an upside to the estimated low will see the stock gain 34.0% over that period. But an upside of 34.0% will see the stock hit the forecast high price target while mean target price for the stock is $1.00.

Insiders at the company have transacted a total of 48 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 23 of these insider trades were purchases, accounting for 1,494,933 shares. Insider sales of the common stock occurred on 25 occasions, with total insider shares sold totaling 181,598 shares.

The top 3 mutual fund holders in TETRA Technologies Inc. are Undiscovered Managers Behavioral, T Rowe Price Small Cap Value Fund, and Vanguard Total Stock Market Index. Undiscovered Managers Behavioral owns 6.04 million shares of the company’s stock, all valued at over $4.07 million. The company bought an additional 0.28 million shares recently to bring their total holdings to about 4.80% of the shares outstanding. T Rowe Price Small Cap Value Fund sold -0.91 million shares to see its total holdings shrink to 4.99 million shares valued at over $3.36 million and representing 3.96% of the shares outstanding. Vanguard Total Stock Market Index now owns shares totaling to 2.71% of the shares outstanding.

Shares of TETRA Technologies Inc. (NYSE: TTI) opened at $0.6155, down -$0.02 from a prior closing price of $0.64. However, the script later closed the day at $0.66, up 3.13%. The company’s stock has a 5-day price change of 23.73% and 84.25% over the past three months. TTI shares are trading -66.33% year to date (YTD), with the 12-month market performance down to -61.40% lower. It has a 12-month low price of $0.22 and touched a high of $2.18 over the same period. Currently, 2.22 million shares have been traded, compared to an average intraday trading volume of 5.62 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.25%, 8.75%, and -24.12% respectively.

Institutional ownership of TETRA Technologies Inc. (NYSE: TTI) shares accounts for 52.00% of the company’s 125.89M shares outstanding. Mutual fund holders own 28.79%, while other institutional holders and individual stakeholders account for 7.29% and 27.77% respectively.

It has a market capitalization of $80.50M and a beta (3y monthly) value of 3.23. The earnings-per-share (ttm) stands at -$1.14. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.86% over the week and 8.77% over the month.

Analysts forecast that TETRA Technologies Inc. (TTI) will achieve an EPS of -$0.1 for the current quarter, -$0.11 for the next quarter and -$0.34 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.12 while analysts give the company a high EPS estimate of -$0.09. Comparatively, EPS for the current quarter was -$0.02 a year ago. Earnings per share for the fiscal year are expected to decrease by -499.80%, and -25.90% over the next financial year. EPS should grow at an annualized rate of 29.00% over the next five years, compared to 12.70% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 3 brokerage firm advisors rate TETRA Technologies Inc. (TTI) as a “Hold” at a consensus score of 3.30. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 2 of the 3 advise that investors “hold,” and 1 rated it as a “Sell.”

Looking at the support for the TTI, a number of firms have released research notes about the stock. Wells Fargo stated their Equal Weight rating for the stock in a research note on March 13, 2020, with the firm’s price target at $2.25-$1. B. Riley FBR coverage for the TETRA Technologies Inc. (TTI) stock in a research note released on March 11, 2020 offered a Neutral rating with a price target of $1.25. Stifel was of a view on March 10, 2020 that the stock is Hold, while Evercore ISI gave the stock Underperform rating on March 09, 2020, issuing a price target of. Johnson Rice on their part issued Hold rating on February 19, 2019.


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