Palo Duro Investment Partners LP Makes New Investment in Tetra Technologies, Inc. $TTI

Key Points

• Palo Duro Investment Partners LP has acquired a new stake in Tetra Technologies, purchasing 59,462 shares valued at approximately $200,000, making it the fund's 19th largest holding.
• Recent upgrades from brokerages have strengthened Tetra Technologies' position, with price targets increased from $4.00 to $6.50 and a consensus rating of "Buy."
• Tetra Technologies reported a net margin of 18.95% and a return on equity of 14.10%, as its quarterly earnings met expectations with an EPS of $0.09.

Palo Duro Investment Partners LP acquired a new position in Tetra Technologies, Inc. (NYSE:TTI - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 59,462 shares of the oil and gas company's stock, valued at approximately $200,000. Tetra Technologies makes up about 0.1% of Palo Duro Investment Partners LP's investment portfolio, making the stock its 19th largest holding.

Several other hedge funds have also recently modified their holdings of TTI. Brightline Capital Management LLC purchased a new position in shares of Tetra Technologies in the 1st quarter worth approximately $8,921,000. American Century Companies Inc. boosted its position in Tetra Technologies by 49.9% in the first quarter. American Century Companies Inc. now owns 2,599,446 shares of the oil and gas company's stock worth $8,734,000 after purchasing an additional 864,793 shares during the last quarter. Royce & Associates LP bought a new position in Tetra Technologies in the 1st quarter valued at $2,701,000. Needham Investment Management LLC purchased a new stake in shares of Tetra Technologies during the 1st quarter valued at $1,562,000. Finally, D. E. Shaw & Co. Inc. raised its stake in shares of Tetra Technologies by 45.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,289,946 shares of the oil and gas company's stock worth $4,618,000 after purchasing an additional 403,086 shares during the period. Institutional investors own 70.19% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. D. Boral Capital increased their price target on shares of Tetra Technologies from $4.00 to $5.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. 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. Finally, Wall Street Zen raised shares of Tetra Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $5.75.

Tetra Technologies Stock Performance

Shares of NYSE TTI traded up $0.09 during midday trading on Wednesday, hitting $4.80. The company's stock had a trading volume of 883,560 shares, compared to its average volume of 1,222,606. The firm has a market capitalization of $639.08 million, a price-to-earnings ratio of 5.58 and a beta of 1.39. The company has a current ratio of 2.47, a quick ratio of 1.61 and a debt-to-equity ratio of 0.62. The stock has a fifty day moving average price of $3.99 and a 200 day moving average price of $3.39. 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 analysts' consensus estimates of $0.09. Tetra Technologies had a net margin of 18.95% and a return on equity of 14.10%. The business 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. On average, research analysts forecast that Tetra Technologies, Inc. will post 0.15 EPS for the current fiscal year.

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.