Needham Investment Management LLC Makes New $1.56 Million Investment in Tetra Technologies, Inc. $TTI

Key Points

• Needham Investment Management LLC acquired a new position in Tetra Technologies, purchasing 465,000 shares valued at approximately $1.56 million during the first quarter.
• Brokerages have shown increased confidence in Tetra Technologies, with several raising price targets and ratings, including a notable upgrade from D. Boral Capital to a price objective of $5.00.
• Tetra Technologies reported a net margin of 18.95% and a return on equity of 14.10% for its last quarter, with a revenue of $173.87 million, surpassing analyst expectations.

Needham Investment Management LLC acquired a new position in shares of Tetra Technologies, Inc. (NYSE:TTI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 465,000 shares of the oil and gas company's stock, valued at approximately $1,562,000. Needham Investment Management LLC owned 0.35% of Tetra Technologies as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Diversified Trust Co boosted its stake in Tetra Technologies by 10.3% during the first quarter. Diversified Trust Co now owns 43,565 shares of the oil and gas company's stock worth $146,000 after buying an additional 4,058 shares during the period. Rhumbline Advisers boosted its stake in Tetra Technologies by 4.3% during the first quarter. Rhumbline Advisers now owns 216,479 shares of the oil and gas company's stock worth $727,000 after buying an additional 8,857 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Tetra Technologies by 6.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 142,394 shares of the oil and gas company's stock worth $510,000 after buying an additional 8,323 shares during the period. Dimensional Fund Advisors LP boosted its stake in Tetra Technologies by 7.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,259,133 shares of the oil and gas company's stock worth $11,667,000 after buying an additional 239,052 shares during the period. Finally, Two Sigma Investments LP boosted its stake in Tetra Technologies by 51.2% during the fourth quarter. Two Sigma Investments LP now owns 187,072 shares of the oil and gas company's stock worth $670,000 after buying an additional 63,370 shares during the period. 70.19% of the stock is owned by hedge funds and other institutional investors.

Tetra Technologies Stock Up 1.8%

Shares of TTI stock traded up $0.09 on Wednesday, hitting $4.80. The stock had a trading volume of 883,087 shares, compared to its average volume of 1,457,809. The company has a quick ratio of 1.61, a current ratio of 2.47 and a debt-to-equity ratio of 0.62. The business has a 50 day moving average price of $3.97 and a 200 day moving average price of $3.38. The company has a market cap of $639.08 million, a PE ratio of 5.58 and a beta of 1.39. Tetra Technologies, Inc. has a one year low of $2.03 and a one year high of $5.12.

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

Wall Street Analyst Weigh In

TTI has been the subject of several recent analyst reports. D. Boral Capital lifted their price objective on shares of Tetra Technologies from $4.00 to $5.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Wall Street Zen raised shares of Tetra Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, Stifel Nicolaus boosted their target price on shares of Tetra Technologies from $6.00 to $6.50 and gave the company a "buy" rating in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating and two have given 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.

Tetra Technologies Profile

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.