Tetra Technologies, Inc. $TTI Shares Sold by Truist Financial Corp

Truist Financial Corp lessened its position in Tetra Technologies, Inc. (NYSE:TTI) by 8.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 224,470 shares of the oil and gas company’s stock after selling 20,336 shares during the quarter. Truist Financial Corp owned approximately 0.17% of Tetra Technologies worth $754,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TTI. Rhumbline Advisers raised its holdings in shares of Tetra Technologies by 4.3% in 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 during the period. Diversified Trust Co raised its holdings in shares of Tetra Technologies by 10.3% in the 1st quarter. Diversified Trust Co now owns 43,565 shares of the oil and gas company’s stock valued at $146,000 after buying an additional 4,058 shares during the period. Skylands Capital LLC purchased a new stake in shares of Tetra Technologies in the 1st quarter valued at $321,000. Teacher Retirement System of Texas purchased a new stake in shares of Tetra Technologies in the 1st quarter valued at $61,000. Finally, Royce & Associates LP purchased a new stake in shares of Tetra Technologies in the 1st quarter valued at $2,701,000. Hedge funds and other institutional investors own 70.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TTI. Weiss Ratings reiterated a “hold (c+)” rating on shares of Tetra Technologies in a report on Tuesday. D. Boral Capital upped their price target on Tetra Technologies from $4.00 to $5.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Wall Street Zen upgraded Tetra Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Stifel Nicolaus upped their price target on Tetra Technologies from $6.00 to $6.50 and gave the stock a “buy” rating in a report on Thursday, July 31st. Finally, Northland Securities upped their price target on Tetra Technologies from $5.50 to $7.00 and gave the stock an “outperform” rating in a report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $6.17.

Tetra Technologies Trading Up 13.5%

NYSE:TTI opened at $7.04 on Wednesday. The stock has a 50-day simple moving average of $4.93 and a 200-day simple moving average of $3.73. The stock has a market cap of $937.89 million, a P/E ratio of 8.18 and a beta of 1.32. Tetra Technologies, Inc. has a 1 year low of $2.03 and a 1 year high of $7.24. 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 released its quarterly earnings data on Tuesday, July 29th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. The business had revenue of $173.87 million during the quarter, compared to analysts’ expectations 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, analysts anticipate that Tetra Technologies, Inc. will post 0.15 earnings per share for the current fiscal year.

Tetra Technologies 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.