Tetra Technologies, Inc. (NYSE:TTI) Receives $6.17 Consensus PT from Analysts

Tetra Technologies, Inc. (NYSE:TTI) has been assigned a consensus recommendation of “Buy” from the five research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $6.1667.

Several research analysts have commented on TTI shares. Northland Securities boosted their price objective 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. D. Boral Capital lifted their price target on Tetra Technologies from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Wall Street Zen upgraded Tetra Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tetra Technologies in a research report on Saturday, September 27th. Finally, Stifel Nicolaus increased their target price on shares of Tetra Technologies from $6.00 to $6.50 and gave the stock a “buy” rating in a report on Thursday, July 31st.

Institutional Trading of Tetra Technologies

A number of hedge funds have recently added to or reduced their stakes in TTI. American Century Companies Inc. increased its holdings in shares of Tetra Technologies by 15.5% during the second quarter. American Century Companies Inc. now owns 3,001,941 shares of the oil and gas company’s stock worth $10,087,000 after buying an additional 402,495 shares in the last quarter. Geode Capital Management LLC grew its position in Tetra Technologies by 3.5% during the 2nd quarter. Geode Capital Management LLC now owns 2,919,275 shares of the oil and gas company’s stock worth $9,810,000 after acquiring an additional 99,381 shares during the last quarter. Frontier Capital Management Co. LLC grew its position in Tetra Technologies by 26.1% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,837,749 shares of the oil and gas company’s stock worth $9,535,000 after acquiring an additional 586,493 shares during the last quarter. Brightline Capital Management LLC acquired a new position in Tetra Technologies in the 1st quarter worth about $8,921,000. Finally, Ameriprise Financial Inc. raised its position in Tetra Technologies by 25.7% in the second quarter. Ameriprise Financial Inc. now owns 2,448,697 shares of the oil and gas company’s stock valued at $8,228,000 after purchasing an additional 500,008 shares during the last quarter. Institutional investors and hedge funds own 70.19% of the company’s stock.

Tetra Technologies Trading Down 0.3%

TTI opened at $5.55 on Friday. The stock has a market capitalization of $739.04 million, a price-to-earnings ratio of 6.45 and a beta of 1.32. The company has a quick ratio of 1.61, a current ratio of 2.47 and a debt-to-equity ratio of 0.62. Tetra Technologies has a twelve month low of $2.03 and a twelve month high of $6.04. The company has a 50-day simple moving average of $4.65 and a 200 day simple moving average of $3.62.

Tetra Technologies (NYSE:TTI) last released its earnings results on Tuesday, July 29th. The oil and gas company reported $0.09 EPS for the quarter, meeting the consensus estimate 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 for the quarter, compared to analyst estimates of $172.46 million. Tetra Technologies has set its FY 2025 guidance at EPS. Analysts predict that Tetra Technologies will post 0.15 EPS for the current fiscal year.

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.