The SVP & CFO of Tetra Technologies (NYSE: TTI) is Buying Shares

By Carrie Williams

Today, the SVP & CFO of Tetra Technologies (NYSE: TTI), Elijio Serrano, bought shares of TTI for $56.7K.

In addition to Elijio Serrano, 16 other TTI executives reported Buy trades in the last month. This recent transaction increases Elijio Serrano’s holding in the company by 4.16% to a total of $818.5K.

The company has a one year high of $7.75 and a one year low of $3.46. Currently, Tetra Technologies has an average volume of 1.83M.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $6.00, reflecting a -36.5% downside. 10 different firms, including Cowen & Co. and Credit Suisse, currently also have a Buy rating on the stock. One of the top 25 analysts, according to TipRanks.com, recently recommended Hold TTI with a $5 price target.

The insider sentiment on Tetra Technologies has been positive according to 79 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

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TETRA Technologies, Inc. engages in the provision of completion fluids and associated products and services, frac water management, after-frac flow back, production well testing, offshore rig cooling, compression based production enhancement, and selected offshore services, including well plugging and abandonment, decommissioning and diving. It operates through the following divisions: Fluids, Production Testing, Compression, and Offshore. The Fluids division manufactures and markets certain clear brine fluids, additives, and other associated products and services. The Production Testing Division provides frac flowback, production well testing, offshore rig cooling, and other associated services. The Compression Division provides compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage. The Offshore division consists of two operating segments: Offshore Services and Maritech. The Offshore Services segment provides down hole and subsea oil and gas services. The Maritech segment is engaged in oil and gas exploration. The company was founded on February 6, 1981 and is headquartered in The Woodlands, TX.