Tetra Technologies (NYSE:TTI) Sets New 12-Month High - Here's What Happened

Key Points

• Tetra Technologies, Inc. (NYSE:TTI) reached a new 52-week high of $6.13 during trading, increasing from a previous close of $5.59.
• Analysts have raised their price targets for Tetra Technologies, with Northland Securities increasing its target to $7.00 and Stifel Nicolaus to $6.50, contributing to a current consensus rating of "Buy."
• Institutional investors hold 70.19% of Tetra Technologies' stock, with significant increases in holdings from firms like Comerica Bank, which boosted its position by 134.3%.

Tetra Technologies, Inc. (NYSE:TTI - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The company traded as high as $6.12 and last traded at $6.13, with a volume of 1644534 shares changing hands. The stock had previously closed at $5.59.

Analysts Set New Price Targets

TTI has been the topic of a number of research analyst reports. Northland Securities lifted their price target on Tetra Technologies from $5.50 to $7.00 and gave the stock an "outperform" rating in a research note on Friday, September 26th. Weiss Ratings reissued a "hold (c)" rating on shares of Tetra Technologies in a research note on Saturday, September 27th. Stifel Nicolaus boosted their price objective on Tetra Technologies from $6.00 to $6.50 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Wall Street Zen raised Tetra Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, D. Boral Capital boosted their price objective on Tetra Technologies from $4.00 to $5.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $6.17.

Tetra Technologies Price Performance

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 market cap of $820.34 million, a PE ratio of 7.16 and a beta of 1.32. The company has a fifty day moving average of $4.83 and a 200-day moving average of $3.69.

Tetra Technologies (NYSE:TTI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. Tetra Technologies had a return on equity of 14.10% and a net margin of 18.95%.The firm had revenue of $173.87 million for the quarter, compared to the consensus estimate of $172.46 million. Tetra Technologies has set its FY 2025 guidance at EPS. Sell-side analysts expect that Tetra Technologies, Inc. will post 0.15 EPS for the current fiscal year.

Institutional Trading of Tetra Technologies

Large investors have recently made changes to their positions in the company. Diversified Trust Co boosted its position 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 valued at $146,000 after purchasing an additional 4,058 shares during the period. Rhumbline Advisers lifted its position in Tetra Technologies by 4.3% during the 1st quarter. Rhumbline Advisers now owns 216,479 shares of the oil and gas company's stock worth $727,000 after acquiring an additional 8,857 shares during the period. Needham Investment Management LLC acquired a new stake in Tetra Technologies during the 1st quarter worth approximately $1,562,000. Comerica Bank lifted its position in Tetra Technologies by 134.3% during the 1st quarter. Comerica Bank now owns 284,304 shares of the oil and gas company's stock worth $955,000 after acquiring an additional 162,978 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new stake in Tetra Technologies during the 2nd quarter worth approximately $179,000. 70.19% of the stock is owned by institutional investors and hedge funds.

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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