Comerica Bank Has $955,000 Position in Tetra Technologies, Inc. $TTI

Key Points

• Comerica Bank increased its stake in Tetra Technologies by 134.3%, owning 284,304 shares valued at $955,000 as of the latest SEC filing.
• Tetra Technologies reported an earnings per share (EPS) of $0.09 for the last quarter, meeting analyst expectations, with revenues of $173.87 million.
• Multiple analysts have upgraded Tetra Technologies' stock ratings, with an average target price of $5.75 following recent reports.

Comerica Bank lifted its stake in shares of Tetra Technologies, Inc. (NYSE:TTI - Free Report) by 134.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 284,304 shares of the oil and gas company's stock after acquiring an additional 162,978 shares during the period. Comerica Bank owned 0.21% of Tetra Technologies worth $955,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TTI. Raymond James Financial Inc. acquired a new position in shares of Tetra Technologies during the 4th quarter valued at $521,000. Dimensional Fund Advisors LP lifted its position in shares of Tetra Technologies by 7.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,259,133 shares of the oil and gas company's stock valued at $11,667,000 after acquiring an additional 239,052 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Tetra Technologies by 6.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 142,394 shares of the oil and gas company's stock valued at $510,000 after acquiring an additional 8,323 shares during the period. Northern Trust Corp raised its holdings in Tetra Technologies by 9.1% during the fourth quarter. Northern Trust Corp now owns 1,189,713 shares of the oil and gas company's stock worth $4,259,000 after buying an additional 99,588 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Tetra Technologies by 32.1% during the fourth quarter. Ameriprise Financial Inc. now owns 1,559,054 shares of the oil and gas company's stock worth $5,581,000 after buying an additional 378,488 shares during the last quarter. Institutional investors and hedge funds own 70.19% of the company's stock.

Tetra Technologies Stock Performance

NYSE TTI opened at $4.69 on Friday. Tetra Technologies, Inc. has a 1 year low of $2.03 and a 1 year high of $5.12. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.47 and a quick ratio of 1.61. The firm has a market cap of $624.42 million, a price-to-earnings ratio of 5.45 and a beta of 1.39. The company has a fifty day moving average price of $3.91 and a 200-day moving average price of $3.39.

Tetra Technologies (NYSE:TTI - Get Free Report) last posted its earnings results on Tuesday, July 29th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. Tetra Technologies had a net margin of 18.95% and a return on equity of 14.10%. The firm had revenue of $173.87 million during the quarter, compared to analyst estimates of $172.46 million. Tetra Technologies has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Tetra Technologies, Inc. will post 0.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TTI has been the topic of several research reports. Wall Street Zen upgraded shares of Tetra Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Stifel Nicolaus upped their price objective on shares of Tetra Technologies from $6.00 to $6.50 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, D. Boral Capital upped their price objective on shares of Tetra Technologies from $4.00 to $5.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $5.75.

About Tetra Technologies

TETRA Technologies, Inc, together with its subsidiaries, operates as an energy services and solutions company. It operates through two segments, Completion Fluids & Products Division and Water & Flowback Services. The Completion Fluids & Products segment manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, as well as in Latin America, Europe, Asia, the Middle East, and Africa.

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