Tetra Technologies (NYSE:TTI) VP Sells $152,900.58 in Stock

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

Tetra Technologies Price Performance

Shares of TTI opened at $7.70 on Friday. The stock has a market cap of $1.03 billion, a PE ratio of 8.46 and a beta of 1.36. Tetra Technologies, Inc. has a 1-year low of $2.03 and a 1-year high of $8.35. The firm has a fifty day moving average price of $6.40 and a 200 day moving average price of $4.52. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.35 and a quick ratio of 1.61.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Tetra Technologies by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 8,456,975 shares of the oil and gas company’s stock worth $48,628,000 after acquiring an additional 174,028 shares in the last quarter. Rubric Capital Management LP bought a new position in Tetra Technologies during the third quarter worth about $26,046,000. Dimensional Fund Advisors LP raised its holdings in Tetra Technologies by 1.7% in the third quarter. Dimensional Fund Advisors LP now owns 4,419,796 shares of the oil and gas company’s stock worth $25,414,000 after purchasing an additional 72,338 shares during the period. American Century Companies Inc. grew its stake 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 acquiring an additional 414,076 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Tetra Technologies by 3.5% during the second quarter. Geode Capital Management LLC now owns 2,919,275 shares of the oil and gas company’s stock worth $9,810,000 after acquiring an additional 99,381 shares during the period. Institutional investors and hedge funds own 70.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TTI. D. Boral Capital increased their price objective on shares of Tetra Technologies from $4.00 to $5.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Wall Street Zen lowered Tetra Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tetra Technologies in a report on Tuesday, October 14th. Stifel Nicolaus boosted their price target on Tetra Technologies from $6.50 to $9.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Finally, Northland Securities set a $8.50 price target on shares of Tetra Technologies in a research report on Thursday, October 30th. 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.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $7.50.

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.