Tetra Technologies (NYSE:TTI) Trading Up 4.3% - Here's Why

Key Points

• Tetra Technologies (NYSE:TTI) experienced a 4.3% rise in stock price, trading at $5.89 after previously closing at $5.64, with a significant drop in trading volume.
• Analysts have generally rated Tetra Technologies with a consensus "Buy" rating and set an average price target of $6.17, with individual targets ranging from $5.00 to $7.00.
• The company reported a quarterly earnings per share of $0.09, matching analysts' expectations, and had a revenue of $173.87 million in the latest quarter.

Tetra Technologies, Inc. (NYSE:TTI - Get Free Report) was up 4.3% during mid-day trading on Friday . The company traded as high as $5.99 and last traded at $5.89. Approximately 360,204 shares traded hands during trading, a decline of 75% from the average daily volume of 1,456,039 shares. The stock had previously closed at $5.64.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TTI shares. Northland Securities set a $7.00 price target on Tetra Technologies and gave the stock an "outperform" rating in a report on Friday. 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 report on Thursday, July 31st. Wall Street Zen raised Tetra Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Stifel Nicolaus lifted 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 investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $6.17.

Tetra Technologies Price Performance

The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.61 and a current ratio of 2.47. The stock has a market capitalization of $793.68 million, a price-to-earnings ratio of 6.92 and a beta of 1.39. The company has a 50-day moving average of $4.39 and a 200-day moving average of $3.51.

Tetra Technologies (NYSE:TTI - Get Free Report) last issued 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. The company had revenue of $173.87 million during the quarter, compared to the consensus estimate of $172.46 million. Tetra Technologies had a return on equity of 14.10% and a net margin of 18.95%. Tetra Technologies has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Tetra Technologies, Inc. will post 0.15 earnings per share for the current fiscal year.

Institutional Trading of Tetra Technologies

Several large investors have recently added to or reduced their stakes in TTI. DKM Wealth Management Inc. acquired a new stake in Tetra Technologies in the 2nd quarter valued at $42,000. Osaic Holdings Inc. boosted its position in 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 valued at $43,000 after buying an additional 11,000 shares during the last quarter. Catalyst Funds Management Pty Ltd bought a new position in shares of Tetra Technologies during the second quarter worth about $44,000. American Trust acquired a new position in Tetra Technologies in the second quarter worth about $49,000. Finally, Tower Research Capital LLC TRC grew 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 worth $49,000 after purchasing an additional 10,204 shares in the last quarter. 70.19% of the stock is currently 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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