Shoemake Alicia Boston Sells 19,257 Shares of Tetra Technologies (NYSE:TTI) Stock

Tetra Technologies, Inc. (NYSE:TTI) VP Shoemake Alicia Boston sold 19,257 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $7.94, for a total transaction of $152,900.58. Following the transaction, the vice president directly owned 132,672 shares in the company, valued at approximately $1,053,415.68. The trade was a 12.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Tetra Technologies Stock Performance

NYSE:TTI traded down $0.28 during trading hours on Wednesday, hitting $7.97. 85,876 shares of the company traded hands, compared to its average volume of 1,721,660. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 8.79 and a beta of 1.36. Tetra Technologies, Inc. has a twelve month low of $2.03 and a twelve month high of $8.35. The firm has a 50-day moving average of $6.22 and a 200 day moving average of $4.44. The company has a current ratio of 2.35, a quick ratio of 1.61 and a debt-to-equity ratio of 0.61.

Tetra Technologies (NYSE:TTI) last posted its quarterly earnings data on Tuesday, October 28th. The oil and gas company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. The company had revenue of $153.24 million for 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. On average, analysts forecast that Tetra Technologies, Inc. will post 0.15 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on TTI. D. Boral Capital lifted their price objective on shares of Tetra Technologies from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of Tetra Technologies in a research report on Tuesday, October 14th. Stifel Nicolaus upped their price objective on shares of Tetra Technologies from $6.50 to $9.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Wall Street Zen downgraded Tetra Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Northland Securities set a $8.50 price target on Tetra Technologies in a report on Thursday, October 30th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $7.50.

Hedge Funds Weigh In On Tetra Technologies

Institutional investors have recently made changes to their positions in the business. Choreo LLC bought a new position in Tetra Technologies in the third quarter worth approximately $96,000. AXQ Capital LP purchased a new stake in Tetra Technologies in the third quarter worth about $228,000. Vestmark Advisory Solutions Inc. bought a new position in shares of Tetra Technologies in the third quarter worth about $58,000. CenterBook Partners LP bought a new stake in shares of Tetra Technologies during the 3rd quarter valued at $8,197,000. Finally, GSA Capital Partners LLP lifted its stake in shares of Tetra Technologies by 15.2% during the 3rd quarter. GSA Capital Partners LLP now owns 399,771 shares of the oil and gas company’s stock valued at $2,299,000 after buying an additional 52,679 shares in the last quarter. Institutional investors own 70.19% of the company’s stock.

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.