Tetra Technologies (NYSE:TTI) Announces Quarterly Earnings Results

Key Points

• Tetra Technologies reported earnings of $0.09 per share for the quarter, meeting analysts' consensus estimates.
• The company's stock saw a 2.5% increase in trading, reaching a price of $3.86, with a market cap of approximately $512.98 million.
• Several institutional investors significantly increased their stakes in Tetra Technologies, with Jane Street Group LLC boosting its ownership by 389.7%.

Tetra Technologies (NYSE:TTI - Get Free Report) posted its earnings results on Tuesday. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.09, Zacks reports. Tetra Technologies had a net margin of 18.95% and a return on equity of 14.10%. The company had revenue of $173.87 million during the quarter, compared to analysts' expectations of $172.46 million. Tetra Technologies updated its FY 2025 guidance to EPS.

Tetra Technologies Stock Performance

Shares of TTI stock traded down $0.23 on Friday, reaching $3.87. The stock had a trading volume of 2,761,436 shares, compared to its average volume of 1,540,036. The firm has a market capitalization of $515.79 million, a price-to-earnings ratio of 4.50 and a beta of 1.37. The company has a quick ratio of 1.61, a current ratio of 2.47 and a debt-to-equity ratio of 0.62. Tetra Technologies has a 12 month low of $2.03 and a 12 month high of $5.12. The firm's 50-day moving average is $3.39 and its two-hundred day moving average is $3.42.

Wall Street Analysts Forecast Growth

TTI has been the subject of several research analyst reports. Stifel Nicolaus boosted their price objective on shares of Tetra Technologies from $6.00 to $6.50 and gave the stock a "buy" rating in a research report on Thursday. Wall Street Zen cut shares of Tetra Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, D. Boral Capital boosted their price objective on shares of Tetra Technologies from $4.00 to $5.00 and gave the stock a "buy" rating in a research report on Thursday.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. AQR Capital Management LLC increased its holdings in shares of Tetra Technologies by 87.3% during the first quarter. AQR Capital Management LLC now owns 120,585 shares of the oil and gas company's stock worth $405,000 after purchasing an additional 56,203 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Tetra Technologies by 125.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 161,840 shares of the oil and gas company's stock valued at $544,000 after buying an additional 90,001 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Tetra Technologies by 389.7% during the first quarter. Jane Street Group LLC now owns 225,101 shares of the oil and gas company's stock valued at $756,000 after acquiring an additional 302,793 shares during the last quarter. 70.19% of the stock is 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.