Tetra Technologies (NYSE:TTI) Sets New 1-Year High – What’s Next?

Tetra Technologies, Inc. (NYSE:TTI) reached a new 52-week high on Tuesday . The stock traded as high as $5.52 and last traded at $5.46, with a volume of 1526438 shares trading hands. The stock had previously closed at $5.30.

Wall Street Analyst Weigh In

A number of analysts have weighed in on TTI shares. D. Boral Capital boosted their price target on Tetra Technologies from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Wall Street Zen raised Tetra Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Finally, 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 report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $5.75.

Tetra Technologies Stock Up 1.7%

The firm has a 50-day moving average of $4.34 and a two-hundred day moving average of $3.50. The firm has a market cap of $757.70 million, a price-to-earnings ratio of 6.61 and a beta of 1.39. The company has a current ratio of 2.47, a quick ratio of 1.61 and a debt-to-equity ratio of 0.62.

Tetra Technologies (NYSE:TTI) last issued its quarterly earnings results on Tuesday, July 29th. The oil and gas company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. Tetra Technologies had a return on equity of 14.10% and a net margin of 18.95%.The company had revenue of $173.87 million for the quarter, compared to the consensus estimate of $172.46 million. Tetra Technologies has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Tetra Technologies, Inc. will post 0.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tetra Technologies

Several hedge funds have recently made changes to their positions in TTI. DKM Wealth Management Inc. bought a new position in Tetra Technologies during the second quarter valued at about $42,000. Osaic Holdings Inc. lifted its position in Tetra Technologies by 647.1% in the second quarter. Osaic Holdings Inc. now owns 12,700 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 11,000 shares during the period. Catalyst Funds Management Pty Ltd acquired a new stake in Tetra Technologies during the second quarter worth $44,000. American Trust bought a new stake in Tetra Technologies in the 2nd quarter valued at $49,000. Finally, Tower Research Capital LLC TRC increased its holdings in Tetra Technologies by 235.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 14,536 shares of the oil and gas company’s stock valued at $49,000 after buying an additional 10,204 shares during the period. Institutional investors own 70.19% of the company’s stock.

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.