A Director at Tetra Technologies (TTI) is Buying Shares


Today, a Director at Tetra Technologies (NYSE: TTI), Thomas Bates, bought shares of TTI for $43.7K.

This recent transaction increases Thomas Bates’ holding in the company by 7.52% to a total of $615.1K. In addition to Thomas Bates, one other TTI executive reported Buy trades in the last month.

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Based on Tetra Technologies’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $260 million and GAAP net loss of $5.94 million. In comparison, last year the company earned revenue of $208 million and had a GAAP net loss of $10.99 million. Currently, Tetra Technologies has an average volume of 1.18M.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $6.58, reflecting a 49.9% upside.

In the last 30 days, insiders have sold $175.4K worth of TTI shares and purchased $43.7K worth of TTI shares. The insider sentiment on Tetra Technologies has been negative according to 48 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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TETRA Technologies, Inc. is a geographically diversified oil and gas services company, engages in the completion of fluids and associated products and services. It operates through the following segments: Fluids, Production Testing, Compression, and Offshore.

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