Tetra Technologies (NYSE:TTI) Trading Up 11.2% - Should You Buy?

Key Points

• Tetra Technologies' shares rose 11.2% to $6.89, with trading volumes slightly above average, indicating increased investor interest.
• Multiple research analysts have recently upgraded Tetra Technologies' ratings, with a consensus rating of "Buy" and an average target price of $6.17.
• The company's most recent earnings report showed earnings per share of $0.09, beating expectations, and a net margin of 18.95%.

Tetra Technologies, Inc. (NYSE:TTI - Get Free Report) shares rose 11.2% during mid-day trading on Tuesday . The stock traded as high as $6.57 and last traded at $6.89. Approximately 1,523,714 shares were traded during mid-day trading, an increase of 1% from the average daily volume of 1,501,406 shares. The stock had previously closed at $6.20.

Analyst Ratings Changes

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

Tetra Technologies Trading Up 15.6%

The stock has a market cap of $955.62 million, a price-to-earnings ratio of 8.31 and a beta of 1.32. The business's 50 day moving average is $4.87 and its 200 day moving average is $3.71. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.47 and a quick ratio of 1.61.

Tetra Technologies (NYSE:TTI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The oil and gas company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. Tetra Technologies had a net margin of 18.95% and a return on equity of 14.10%. The business 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. As a group, equities analysts expect that Tetra Technologies, Inc. will post 0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tetra Technologies

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

About Tetra Technologies

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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