TTI FY2027 EPS Estimate Reduced by Northland Securities

Key Points

• Northland Securities cut Tetra Technologies’ FY2027 EPS forecast to $0.21 from $0.36, below the current consensus estimate of $0.26; it also projects fourth-quarter 2027 EPS of $0.04.
• Tetra’s latest quarterly results met expectations at $0.08 EPS, while revenue of $185.66 million exceeded the $176.16 million consensus estimate.
• The stock opened at $6.66, well below its 50-day and 200-day moving averages, despite the company retaining a “Moderate Buy” consensus rating and an average analyst price target of $11.50.

Tetra Technologies, Inc. (NYSE:TTI - Free Report) - Equities research analysts at Northland Securities lowered their FY2027 earnings estimates for shares of Tetra Technologies in a report issued on Tuesday, September 1st. Northland Securities analyst B. Brooks now anticipates that the oil and gas company will earn $0.21 per share for the year, down from their previous estimate of $0.36. The consensus estimate for Tetra Technologies' current full-year earnings is $0.26 per share. Northland Securities also issued estimates for Tetra Technologies' Q4 2027 earnings at $0.04 EPS.

Tetra Technologies (NYSE:TTI - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The oil and gas company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. The business had revenue of $185.66 million for the quarter, compared to the consensus estimate of $176.16 million. Tetra Technologies had a return on equity of 9.11% and a net margin of 0.97%.During the same period in the previous year, the business earned $0.08 earnings per share.

Separately, Weiss Ratings downgraded Tetra Technologies from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, August 4th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $11.50.

Tetra Technologies Stock Up 1.9%

Shares of TTI opened at $6.66 on Thursday. The business's 50 day moving average is $8.50 and its 200 day moving average is $9.15. The company has a market capitalization of $985.43 million, a PE ratio of 166.42 and a beta of 1.23. Tetra Technologies has a 12-month low of $4.61 and a 12-month high of $12.54. The company has a current ratio of 2.46, a quick ratio of 1.76 and a debt-to-equity ratio of 0.43.

Hedge Funds Weigh In On Tetra Technologies

Several large investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Tetra Technologies in the second quarter worth $138,491,000. Rubric Capital Management LP purchased a new stake in shares of Tetra Technologies in the third quarter valued at $26,046,000. Price T Rowe Associates Inc. MD raised its stake in shares of Tetra Technologies by 2,392.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,072,139 shares of the oil and gas company's stock valued at $28,787,000 after acquiring an additional 2,948,885 shares during the period. Encompass Capital Advisors LLC bought a new stake in shares of Tetra Technologies in the 4th quarter worth about $27,094,000. Finally, Bank of America Corp DE purchased a new position in shares of Tetra Technologies during the 2nd quarter worth about $20,103,000. Institutional investors own 70.19% of the company's stock.

Insider Activity

In other Tetra Technologies news, VP Kurt Hallead bought 22,000 shares of the firm's stock in a transaction dated Tuesday, June 9th. The shares were purchased at an average cost of $9.86 per share, for a total transaction of $216,920.00. Following the transaction, the vice president owned 170,764 shares of the company's stock, valued at $1,683,733.04. This represents a 14.79% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Brady M. Murphy sold 50,000 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $10.72, for a total transaction of $536,000.00. Following the completion of the transaction, the chief executive officer directly owned 2,965,457 shares of the company's stock, valued at approximately $31,789,699.04. The trade was a 1.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 6.27% of the company's stock.

More Tetra Technologies News

Here are the key news stories impacting Tetra Technologies this week:

• Positive Sentiment: Director Angela D. John purchased 10,000 TTI shares for approximately $65,000 at an average price of $6.50. The purchase increased her direct ownership by 11.44% to 97,434 shares, potentially signaling that she views the recent weakness as an attractive entry point. SEC insider transaction filing
• Positive Sentiment: Chief Executive Officer Brady Murphy and Treasurer and Vice President of Investor Relations Kurt Hallead are scheduled to meet institutional investors at the Barclays Energy-Power Conference on September 9 and the Jefferies Renewables, Clean Energy and E&C Conference on September 10. The meetings could give management an opportunity to discuss growth initiatives and improve visibility with investors. TETRA investor conference announcement
• Neutral Sentiment: An analyst roundup included Tetra Technologies among several industrial-goods companies, but the available details did not identify a new rating, price-target revision, or other material change specific to TTI. Analyst roundup
• Negative Sentiment: Northland Securities lowered its FY2026 EPS estimate to $0.23 from $0.24 and cut its forecasts for Q1, Q2 and Q3 2027 to $0.04, $0.09 and $0.05, respectively. The reductions indicate expectations for softer profitability and remain below the current full-year consensus estimate of $0.26 per share. Tetra Technologies analyst estimates

Tetra Technologies Company Profile

Tetra Technologies, Inc NYSE: TTI is a provider of specialized products and services to the upstream oil and gas industry. The company operates through two primary segments: Oilfield Services, which offers hydraulic fracturing and wellsite fluid systems, and Chemical Solutions, which manufactures and delivers a broad range of drilling, completion and production chemicals. Tetra's integrated service model spans the design, blending and on-site delivery of fluids, as well as pumping equipment and related wellsite operations.

Within the Oilfield Services segment, Tetra supplies pressure pumping fleets and associated equipment to support onshore hydraulic fracturing and well placement activities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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