Inspire Investing LLC Sells 8,119 Shares of Tetra Technologies, Inc. $TTI

Inspire Investing LLC lowered its position in Tetra Technologies, Inc. (NYSE:TTI) by 7.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 102,306 shares of the oil and gas company’s stock after selling 8,119 shares during the period. Inspire Investing LLC owned 0.08% of Tetra Technologies worth $344,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Rhumbline Advisers increased 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 valued at $727,000 after buying an additional 8,857 shares in the last quarter. Jane Street Group LLC increased its position in Tetra Technologies by 389.7% during the 1st quarter. Jane Street Group LLC now owns 225,101 shares of the oil and gas company’s stock valued at $756,000 after buying an additional 302,793 shares in the last quarter. Palo Duro Investment Partners LP bought a new position in Tetra Technologies during the 1st quarter valued at approximately $200,000. Needham Investment Management LLC bought a new position in Tetra Technologies during the 1st quarter valued at approximately $1,562,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Tetra Technologies by 125.3% during the 1st 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. Institutional investors own 70.19% of the company’s stock.

Tetra Technologies Price Performance

Shares of Tetra Technologies stock opened at $4.95 on Wednesday. Tetra Technologies, Inc. has a one year low of $2.03 and a one year high of $5.12. The stock’s fifty day moving average is $4.11 and its 200 day moving average is $3.41. The stock has a market cap of $659.74 million, a P/E ratio of 5.76 and a beta of 1.39. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.61 and a current ratio of 2.47.

Tetra Technologies (NYSE:TTI) last announced its earnings results on Tuesday, July 29th. The oil and gas company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. Tetra Technologies had a return on equity of 14.10% and a net margin of 18.95%.The company had revenue of $173.87 million for the quarter, compared to analysts’ expectations of $172.46 million. Tetra Technologies has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Tetra Technologies, Inc. will post 0.15 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on TTI shares. D. Boral Capital raised their price objective on Tetra Technologies from $4.00 to $5.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Wall Street Zen raised Tetra Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, Stifel Nicolaus increased their target price on Tetra Technologies from $6.00 to $6.50 and gave the company a “buy” rating in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat.com, Tetra Technologies has a consensus rating of “Buy” and an average target price of $5.75.

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.