Tetra Technologies' (TTI) "Hold (C+)" Rating Reaffirmed at Weiss Ratings

Key Points

• Tetra Technologies' stock rating has been reaffirmed as "hold (C+)" by Weiss Ratings, while other analysts have upgraded it to "buy" and raised price targets.
• The company's stock recently traded up by 14.2%, reaching $7.08, with significant trading volume of over 5 million shares.
• Analysts predict an average EPS of 0.15 for the current fiscal year, after the company reported a quarterly EPS of $0.09, meeting expectations.

Tetra Technologies (NYSE:TTI - Get Free Report)'s stock had its "hold (c+)" rating reissued by Weiss Ratings in a research report issued to clients and investors on Tuesday,Weiss Ratings reports.

Other analysts also recently issued research reports about the stock. Wall Street Zen raised shares of Tetra Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. D. Boral Capital raised their price objective on shares of Tetra Technologies from $4.00 to $5.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Northland Securities raised their target price on shares of Tetra Technologies from $5.50 to $7.00 and gave the stock an "outperform" rating in a research report on Friday, September 26th. Finally, Stifel Nicolaus raised their target price on shares of Tetra Technologies from $6.00 to $6.50 and gave the stock a "buy" rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $6.17.

Tetra Technologies Trading Up 14.2%

Shares of NYSE:TTI traded up $0.88 during trading on Tuesday, reaching $7.08. The company's stock had a trading volume of 5,478,183 shares, compared to its average volume of 1,517,776. The company has a current ratio of 2.47, a quick ratio of 1.61 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 $7.15. The firm's 50 day simple moving average is $4.87 and its two-hundred day simple moving average is $3.71. The stock has a market capitalization of $943.76 million, a PE ratio of 8.36 and a beta of 1.32.

Tetra Technologies (NYSE:TTI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The oil and gas company reported $0.09 EPS for the quarter, meeting analysts' consensus estimates 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, research analysts predict that Tetra Technologies will post 0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Tetra Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Diversified Trust Co lifted its stake in shares of Tetra Technologies by 10.3% during the first quarter. Diversified Trust Co now owns 43,565 shares of the oil and gas company's stock worth $146,000 after buying an additional 4,058 shares during the period. Rhumbline Advisers lifted its stake in shares of Tetra Technologies by 4.3% during the first quarter. Rhumbline Advisers now owns 216,479 shares of the oil and gas company's stock worth $727,000 after buying an additional 8,857 shares during the period. Needham Investment Management LLC acquired a new stake in shares of Tetra Technologies during the first quarter worth $1,562,000. Comerica Bank lifted its stake in shares of Tetra Technologies by 134.3% during the first quarter. Comerica Bank now owns 284,304 shares of the oil and gas company's stock worth $955,000 after buying an additional 162,978 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Tetra Technologies during the second quarter worth $179,000. 70.19% of the stock is currently owned by institutional investors and hedge funds.

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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