What is Northland Capmk's Forecast for TTI FY2025 Earnings?

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

Tetra Technologies (NYSE:TTI - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $160.52 million. Tetra Technologies had a return on equity of 14.49% and a net margin of 18.41%.

Other equities research analysts also recently issued research reports about the company. D. Boral Capital decreased their price objective on Tetra Technologies from $5.50 to $4.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Stifel Nicolaus cut their price objective on Tetra Technologies from $7.00 to $6.50 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Finally, Wall Street Zen cut Tetra Technologies from a "buy" rating to a "hold" rating in a research report on Friday, May 9th.

Tetra Technologies Price Performance

NYSE:TTI traded down $0.02 during trading hours on Monday, hitting $3.45. The company's stock had a trading volume of 67,052 shares, compared to its average volume of 1,286,317. The stock has a fifty day simple moving average of $3.18 and a 200-day simple moving average of $3.44. The company has a market capitalization of $459.50 million, a P/E ratio of 4.11 and a beta of 1.37. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.54 and a quick ratio of 1.61. Tetra Technologies has a twelve month low of $2.03 and a twelve month high of $5.12.

Institutional Trading of Tetra Technologies

Hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Tetra Technologies by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,839 shares of the oil and gas company's stock valued at $257,000 after purchasing an additional 3,124 shares during the period. Diversified Trust Co boosted its holdings in shares of Tetra Technologies by 10.3% in the 1st quarter. Diversified Trust Co now owns 43,565 shares of the oil and gas company's stock worth $146,000 after purchasing an additional 4,058 shares in the last quarter. Byrne Asset Management LLC boosted its holdings in shares of Tetra Technologies by 40.3% in the 2nd quarter. Byrne Asset Management LLC now owns 21,426 shares of the oil and gas company's stock worth $72,000 after purchasing an additional 6,149 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Tetra Technologies by 6.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 142,394 shares of the oil and gas company's stock worth $510,000 after purchasing an additional 8,323 shares in the last quarter. Finally, State of Wyoming boosted its holdings in shares of Tetra Technologies by 33.9% in the 1st quarter. State of Wyoming now owns 34,502 shares of the oil and gas company's stock worth $116,000 after purchasing an additional 8,730 shares in the last quarter. 70.19% of the stock is currently owned by institutional investors.

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.