Emerald Mutual Fund Advisers Trust Raises Stock Holdings in Tetra Technologies, Inc. $TTI

Emerald Mutual Fund Advisers Trust raised its position in Tetra Technologies, Inc. (NYSE:TTI) by 13.4% during the second quarter, Holdings Channel.com reports. The firm owned 68,925 shares of the oil and gas company’s stock after buying an additional 8,166 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in Tetra Technologies were worth $232,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. DKM Wealth Management Inc. purchased a new position in Tetra Technologies during the second quarter worth about $42,000. CWM LLC increased its position in Tetra Technologies by 296.0% during the 2nd quarter. CWM LLC now owns 16,119 shares of the oil and gas company’s stock worth $54,000 after purchasing an additional 12,049 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Tetra Technologies in the second quarter worth $57,000. Teacher Retirement System of Texas acquired a new stake in Tetra Technologies in the 1st quarter valued at $61,000. Finally, Vestmark Advisory Solutions Inc. acquired a new stake in shares of Tetra Technologies in the first quarter valued at about $68,000. Hedge funds and other institutional investors own 70.19% of the company’s stock.

Tetra Technologies Stock Performance

NYSE:TTI opened at $7.03 on Friday. The firm has a market cap of $936.29 million, a price-to-earnings ratio of 7.72 and a beta of 1.32. Tetra Technologies, Inc. has a twelve month low of $2.03 and a twelve month high of $8.19. The company has a current ratio of 2.35, a quick ratio of 1.61 and a debt-to-equity ratio of 0.61. The company has a 50-day moving average of $5.77 and a 200-day moving average of $4.13.

Tetra Technologies (NYSE:TTI) last released its quarterly earnings data on Tuesday, October 28th. The oil and gas company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. The business had revenue of $153.24 million during the quarter, compared to analyst estimates of $144.40 million. Tetra Technologies had a return on equity of 13.07% and a net margin of 19.75%. Tetra Technologies has set its FY 2025 guidance at EPS. Analysts forecast that Tetra Technologies, Inc. will post 0.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TTI shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tetra Technologies in a report on Tuesday, October 14th. Stifel Nicolaus lifted their target price on Tetra Technologies from $6.50 to $9.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. D. Boral Capital upped their target price on Tetra Technologies from $4.00 to $5.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Wall Street Zen upgraded shares of Tetra Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, Northland Securities set a $8.50 price objective on Tetra Technologies in a report on Thursday. Three investment 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, Tetra Technologies has a consensus rating of “Moderate Buy” and an average price target of $7.50.

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.