Cwm LLC Acquires 12,049 Shares of Tetra Technologies, Inc. $TTI

Cwm LLC grew its holdings in Tetra Technologies, Inc. (NYSE:TTI) by 296.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,119 shares of the oil and gas company’s stock after acquiring an additional 12,049 shares during the quarter. Cwm LLC’s holdings in Tetra Technologies were worth $54,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Brightline Capital Management LLC bought a new position in shares of Tetra Technologies during the first quarter worth about $8,921,000. American Century Companies Inc. grew its holdings in shares of 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 buying an additional 864,793 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of 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 buying an additional 62,396 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in shares of 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 buying an additional 82,999 shares in the last quarter. Finally, Royce & Associates LP bought a new position in shares of Tetra Technologies during the first quarter worth about $2,701,000. 70.19% of the stock is currently owned by institutional investors.

Tetra Technologies Stock Performance

TTI opened at $7.00 on Wednesday. The company has a quick ratio of 1.61, a current ratio of 2.35 and a debt-to-equity ratio of 0.61. Tetra Technologies, Inc. has a 12-month low of $2.03 and a 12-month high of $8.19. The business has a 50 day moving average of $5.92 and a 200-day moving average of $4.26. The stock has a market cap of $935.56 million, a price-to-earnings ratio of 7.69 and a beta of 1.32.

Tetra Technologies (NYSE:TTI) last issued its earnings results on Tuesday, October 28th. The oil and gas company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. Tetra Technologies had a return on equity of 13.07% and a net margin of 19.75%.The company had revenue of $153.24 million during the quarter, compared to the consensus estimate of $144.40 million. Tetra Technologies has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Tetra Technologies, Inc. will post 0.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TTI. Wall Street Zen downgraded Tetra Technologies from a “buy” rating to a “hold” rating in a report on Saturday. Northland Securities set a $8.50 price objective on Tetra Technologies in a report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Tetra Technologies in a report on Tuesday, October 14th. Stifel Nicolaus increased their price objective on Tetra Technologies from $6.50 to $9.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Finally, D. Boral Capital raised 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. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $7.50.

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.