Tetra Technologies (NYSE:TTI) Trading Down 6.5% After Insider Selling

Tetra Technologies, Inc. (NYSE:TTI)’s stock price dropped 6.5% on Wednesday following insider selling activity. The company traded as low as $7.69 and last traded at $7.7020. Approximately 916,878 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 1,724,058 shares. The stock had previously closed at $8.24.

Specifically, VP Shoemake Alicia R. Boston sold 19,257 shares of Tetra Technologies stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $7.94, for a total value of $152,900.58. Following the transaction, the vice president owned 132,672 shares of the company’s stock, valued at $1,053,415.68. The trade was a 12.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Analyst Upgrades and Downgrades

TTI has been the subject of several recent analyst reports. D. Boral Capital raised their target price 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. Stifel Nicolaus raised their price objective on Tetra Technologies from $6.50 to $9.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Weiss Ratings restated a “hold (c+)” rating on shares of Tetra Technologies in a research note on Tuesday, October 14th. Northland Securities set a $8.50 price target on Tetra Technologies in a research note on Thursday, October 30th. Finally, Wall Street Zen downgraded Tetra Technologies from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Tetra Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $7.50.

Tetra Technologies Stock Performance

The company has a quick ratio of 1.61, a current ratio of 2.35 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $1.03 billion, a PE ratio of 8.44 and a beta of 1.36. The firm has a 50 day moving average price of $6.22 and a 200-day moving average price of $4.44.

Tetra Technologies (NYSE:TTI) last issued its quarterly earnings results 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. Tetra Technologies had a net margin of 19.75% and a return on equity of 13.07%. The company had revenue of $153.24 million for the quarter, compared to the consensus estimate of $144.40 million. Tetra Technologies has set its FY 2025 guidance at EPS. Research analysts expect that Tetra Technologies, Inc. will post 0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TTI. American Century Companies Inc. boosted its holdings in Tetra Technologies by 13.8% in the third quarter. American Century Companies Inc. now owns 3,416,017 shares of the oil and gas company’s stock valued at $19,642,000 after purchasing an additional 414,076 shares during the last quarter. Choreo LLC acquired a new position in Tetra Technologies in the third quarter valued at approximately $96,000. AXQ Capital LP acquired a new position in Tetra Technologies in the third quarter valued at approximately $228,000. Vestmark Advisory Solutions Inc. purchased a new stake in Tetra Technologies in the 3rd quarter worth approximately $58,000. Finally, CenterBook Partners LP acquired a new position in shares of Tetra Technologies in the 3rd quarter valued at $8,197,000. 70.19% of the stock is currently 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.