Tetra Technologies (NYSE:TTI) Given “Hold (C+)” Rating at Weiss Ratings

Weiss Ratings restated their hold (c+) rating on shares of Tetra Technologies (NYSE:TTI) in a research note issued to investors on Tuesday morning,Weiss Ratings reports.

Other equities analysts have also recently issued research reports about the company. Wall Street Zen upgraded Tetra Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. 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. 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. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $6.17.

Tetra Technologies Stock Up 13.5%

Shares of NYSE:TTI opened at $7.04 on Tuesday. 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 has a 1 year low of $2.03 and a 1 year high of $7.24. The stock has a market capitalization of $937.89 million, a P/E ratio of 8.18 and a beta of 1.32. The stock has a 50-day simple moving average of $4.93 and a 200-day simple moving average of $3.73.

Tetra Technologies (NYSE:TTI) last issued its earnings results on Tuesday, July 29th. The oil and gas company reported $0.09 earnings per share (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 business had revenue of $173.87 million during the quarter, compared to analysts’ expectations of $172.46 million. Tetra Technologies has set its FY 2025 guidance at EPS. Equities analysts forecast that Tetra Technologies will post 0.15 earnings per share for the current year.

Hedge Funds Weigh In On Tetra Technologies

A number of institutional investors have recently made changes to their positions in TTI. Rhumbline Advisers raised its position 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 purchasing an additional 8,857 shares in the last quarter. Diversified Trust Co raised its position 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 purchasing an additional 4,058 shares in the last quarter. Skylands Capital LLC acquired a new position in shares of Tetra Technologies in the 1st quarter valued at approximately $321,000. Teacher Retirement System of Texas acquired a new position in shares of Tetra Technologies in the 1st quarter valued at approximately $61,000. Finally, Royce & Associates LP acquired a new position in shares of Tetra Technologies in the 1st quarter valued at approximately $2,701,000. 70.19% of the stock is owned by institutional investors and hedge funds.

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.