Tetra Technologies (NYSE:TTI) Releases Earnings Results, Misses Estimates By $0.01 EPS

Tetra Technologies (NYSE:TTI) released its quarterly earnings results on Wednesday. The oil and gas company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01), FiscalAI reports. Tetra Technologies had a net margin of 19.75% and a return on equity of 13.07%.

Tetra Technologies Trading Up 0.2%

NYSE:TTI traded up $0.03 during trading hours on Wednesday, hitting $11.23. The stock had a trading volume of 2,046,762 shares, compared to its average volume of 1,849,777. The business’s 50 day moving average is $10.65 and its 200-day moving average is $7.88. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.56 and a current ratio of 2.35. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 12.34 and a beta of 1.24. Tetra Technologies has a one year low of $2.03 and a one year high of $12.54.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TTI shares. Clear Str lowered Tetra Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Northland Securities upped their target price on shares of Tetra Technologies from $8.50 to $11.50 and gave the company an “outperform” rating in a research report on Wednesday, December 31st. Wall Street Zen lowered shares of Tetra Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. CJS Securities assumed coverage on shares of Tetra Technologies in a research note on Thursday, December 11th. They set an “outperform” rating and a $11.50 price target for the company. Finally, Stifel Nicolaus raised their price objective on shares of Tetra Technologies from $9.00 to $13.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Tetra Technologies currently has an average rating of “Moderate Buy” and an average price target of $10.25.

Institutional Trading of Tetra Technologies

A number of large investors have recently made changes to their positions in TTI. Aster Capital Management DIFC Ltd acquired a new stake in shares of Tetra Technologies during the fourth quarter worth about $33,000. Osaic Holdings Inc. increased its stake in Tetra Technologies by 647.1% during the 2nd 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 in the last quarter. Tower Research Capital LLC TRC increased its stake in Tetra Technologies by 235.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 14,536 shares of the oil and gas company’s stock worth $49,000 after purchasing an additional 10,204 shares in the last quarter. Brevan Howard Capital Management LP acquired a new stake in Tetra Technologies during the 2nd quarter worth approximately $51,000. Finally, Prudential Financial Inc. lifted its stake in Tetra Technologies by 74.4% in the second quarter. Prudential Financial Inc. now owns 17,790 shares of the oil and gas company’s stock valued at $60,000 after buying an additional 7,590 shares in the last quarter. Institutional investors own 70.19% of the company’s stock.

Tetra Technologies Company Profile

Tetra Technologies, Inc (NYSE: TTI) is a provider of specialized products and services to the upstream oil and gas industry. The company operates through two primary segments: Oilfield Services, which offers hydraulic fracturing and wellsite fluid systems, and Chemical Solutions, which manufactures and delivers a broad range of drilling, completion and production chemicals. Tetra’s integrated service model spans the design, blending and on-site delivery of fluids, as well as pumping equipment and related wellsite operations.

Within the Oilfield Services segment, Tetra supplies pressure pumping fleets and associated equipment to support onshore hydraulic fracturing and well placement activities.