Tetra Technologies, Inc. (NYSE:TTI) Given Average Rating of "Buy" by Brokerages

Key Points

• Tetra Technologies, Inc. has received a consensus rating of "Buy" from five analysts, with an average twelve-month target price of $6.1667.
• The stock traded down 0.3% to $5.55 recently, with a market cap of $739.04 million and a P/E ratio of 6.45.
• Hedge funds hold approximately 70.19% of Tetra Technologies' shares, reflecting a significant interest from institutional investors.

Tetra Technologies, Inc. (NYSE:TTI - Get Free Report) has received a consensus rating of "Buy" from the five analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $6.1667.

Several research analysts have commented on the company. Northland Securities raised their price objective on Tetra Technologies from $5.50 to $7.00 and gave the stock an "outperform" rating in a report on Friday, September 26th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Tetra Technologies in a research note on Saturday, September 27th. Stifel Nicolaus boosted their price target on shares of Tetra Technologies from $6.00 to $6.50 and gave the company a "buy" rating in a report on Thursday, July 31st. Wall Street Zen raised shares of Tetra Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, D. Boral Capital lifted their price objective on shares of Tetra Technologies from $4.00 to $5.00 and gave the company a "buy" rating in a report on Thursday, July 31st.

Tetra Technologies Trading Down 0.3%

Tetra Technologies stock traded down $0.02 during trading hours on Friday, hitting $5.55. The company had a trading volume of 1,648,473 shares, compared to its average volume of 1,486,790. The firm has a market cap of $739.04 million, a P/E ratio of 6.45 and a beta of 1.32. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.61 and a current ratio of 2.47. Tetra Technologies has a 1 year low of $2.03 and a 1 year high of $6.04. The company has a 50-day moving average price of $4.65 and a two-hundred day moving average price of $3.61.

Tetra Technologies (NYSE:TTI - Get Free Report) last posted its quarterly earnings results 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. 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 the consensus estimate of $172.46 million. Tetra Technologies has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Tetra Technologies will post 0.15 earnings per share for the current year.

Institutional Investors Weigh In On Tetra Technologies

Hedge funds have recently made changes to their positions in the stock. DKM Wealth Management Inc. bought a new position in Tetra Technologies in the second quarter worth about $42,000. Osaic Holdings Inc. grew its position in shares of Tetra Technologies by 647.1% in the 2nd quarter. Osaic Holdings Inc. now owns 12,700 shares of the oil and gas company's stock worth $43,000 after buying an additional 11,000 shares during the last quarter. Catalyst Funds Management Pty Ltd purchased a new position in shares of Tetra Technologies in the 2nd quarter worth approximately $44,000. American Trust purchased a new position in shares of Tetra Technologies in the 2nd quarter worth approximately $49,000. Finally, Tower Research Capital LLC TRC boosted its stake in Tetra Technologies by 235.5% in the second quarter. Tower Research Capital LLC TRC now owns 14,536 shares of the oil and gas company's stock valued at $49,000 after acquiring an additional 10,204 shares in the last quarter. 70.19% of the stock is currently owned by hedge funds and other 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.

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