Northland Capmk Issues Pessimistic Outlook for TTI Earnings

Tetra Technologies, Inc. (NYSE:TTI - Free Report) - Northland Capmk cut their FY2025 earnings estimates for shares of Tetra Technologies in a report released on Thursday, July 10th. Northland Capmk analyst B. Brooks now expects that the oil and gas company will earn $0.23 per share for the year, down from their prior estimate of $0.26. The consensus estimate for Tetra Technologies' current full-year earnings is $0.15 per share.

Other research analysts have also issued reports about the stock. Wall Street Zen lowered shares of Tetra Technologies from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. Stifel Nicolaus reduced their price objective on shares of Tetra Technologies from $6.50 to $6.00 and set a "buy" rating for the company in a research note on Wednesday. Finally, D. Boral Capital reduced their price objective on shares of Tetra Technologies from $5.50 to $4.00 and set a "buy" rating for the company in a research note on Thursday, May 1st.

Tetra Technologies Trading Up 3.6%

Shares of NYSE:TTI traded up $0.12 on Monday, hitting $3.35. The company had a trading volume of 952,487 shares, compared to its average volume of 1,290,320. The firm's 50-day simple moving average is $3.20 and its two-hundred day simple moving average is $3.44. Tetra Technologies has a 1 year low of $2.03 and a 1 year high of $5.12. The company has a quick ratio of 1.61, a current ratio of 2.54 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $445.12 million, a price-to-earnings ratio of 3.98 and a beta of 1.37.

Tetra Technologies (NYSE:TTI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The oil and gas company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. The business had revenue of $157.14 million during the quarter, compared to analysts' expectations of $160.52 million. Tetra Technologies had a net margin of 18.41% and a return on equity of 14.49%.

Institutional Trading of Tetra Technologies

A number of institutional investors have recently made changes to their positions in TTI. HighTower Advisors LLC purchased a new stake in shares of Tetra Technologies during the 4th quarter valued at about $39,000. Aquatic Capital Management LLC purchased a new stake in shares of Tetra Technologies during the 4th quarter valued at about $40,000. Cibc World Markets Corp purchased a new stake in shares of Tetra Technologies during the 4th quarter valued at about $42,000. DKM Wealth Management Inc. purchased a new stake in shares of Tetra Technologies during the 2nd quarter valued at about $42,000. Finally, Byrne Asset Management LLC boosted its holdings in shares of Tetra Technologies by 67.9% during the 1st quarter. Byrne Asset Management LLC now owns 15,277 shares of the oil and gas company's stock valued at $51,000 after acquiring an additional 6,177 shares during the last quarter. Hedge funds and other institutional investors own 70.19% of the company's stock.

Tetra Technologies Company 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.