Rhumbline Advisers Has $727,000 Position in Tetra Technologies, Inc. $TTI

Rhumbline Advisers increased its stake in shares of Tetra Technologies, Inc. (NYSE:TTI) by 4.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,479 shares of the oil and gas company’s stock after buying an additional 8,857 shares during the quarter. Rhumbline Advisers owned about 0.16% of Tetra Technologies worth $727,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Brightline Capital Management LLC acquired a new stake in Tetra Technologies during the first quarter worth approximately $8,921,000. American Century Companies Inc. lifted its stake in Tetra Technologies by 49.9% during the first quarter. American Century Companies Inc. now owns 2,599,446 shares of the oil and gas company’s stock worth $8,734,000 after purchasing an additional 864,793 shares during the last quarter. Stanley Laman Group Ltd. lifted its stake in Tetra Technologies by 2.3% during the first quarter. Stanley Laman Group Ltd. now owns 1,415,907 shares of the oil and gas company’s stock worth $4,757,000 after purchasing an additional 31,396 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Tetra Technologies by 7.2% during the first quarter. Russell Investments Group Ltd. now owns 923,424 shares of the oil and gas company’s stock worth $3,103,000 after purchasing an additional 62,396 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its stake in Tetra Technologies by 11.0% during the first quarter. Panagora Asset Management Inc. now owns 834,647 shares of the oil and gas company’s stock worth $2,804,000 after purchasing an additional 82,999 shares during the last quarter. Institutional investors and hedge funds own 70.19% of the company’s stock.

Tetra Technologies Stock Performance

NYSE TTI opened at $5.30 on Monday. The company has a quick ratio of 1.61, a current ratio of 2.47 and a debt-to-equity ratio of 0.62. The stock has a fifty day simple moving average of $4.21 and a 200 day simple moving average of $3.45. Tetra Technologies, Inc. has a twelve month low of $2.03 and a twelve month high of $5.50. The company has a market capitalization of $706.38 million, a price-to-earnings ratio of 6.16 and a beta of 1.39.

Tetra Technologies (NYSE:TTI) last issued its quarterly earnings results on Tuesday, July 29th. The oil and gas company reported $0.09 earnings per share 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 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. Sell-side analysts expect that Tetra Technologies, Inc. will post 0.15 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wall Street Zen upgraded Tetra Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Stifel Nicolaus upped their target price on Tetra Technologies from $6.00 to $6.50 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Finally, D. Boral Capital upped their target price 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 analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat, the stock presently 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.