Tetra Technologies (NYSE:TTI) Reaches New 1-Year High – Time to Buy?

Tetra Technologies, Inc. (NYSE:TTI) reached a new 52-week high on Tuesday . The company traded as high as $8.35 and last traded at $8.2550, with a volume of 1262698 shares trading hands. The stock had previously closed at $8.04.

Analyst Upgrades and Downgrades

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

Tetra Technologies Stock Performance

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 firm’s fifty day moving average is $6.16 and its 200 day moving average is $4.40. The company has a market cap of $1.10 billion, a PE ratio of 9.03 and a beta of 1.36.

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

Hedge Funds Weigh In On Tetra Technologies

A number of hedge funds have recently made changes to their positions in the company. Teacher Retirement System of Texas acquired a new stake in shares of Tetra Technologies in the first quarter worth approximately $61,000. Royce & Associates LP purchased a new position in Tetra Technologies in the 1st quarter valued at $2,701,000. Everett Harris & Co. CA boosted its stake in Tetra Technologies by 37.8% during the 1st quarter. Everett Harris & Co. CA now owns 657,385 shares of the oil and gas company’s stock worth $2,209,000 after purchasing an additional 180,312 shares during the last quarter. Nuveen LLC acquired a new stake in Tetra Technologies during the 1st quarter worth $1,107,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of Tetra Technologies by 7.2% during the first quarter. Russell Investments Group Ltd. now owns 923,424 shares of the oil and gas company’s stock worth $3,103,000 after buying an additional 62,396 shares in the last quarter. Institutional investors and hedge funds 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.