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 stock in a transaction 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 owned 132,672 shares of the company’s stock, valued at $1,053,415.68. This trade represents a 12.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Tetra Technologies Price Performance

Shares of Tetra Technologies stock traded down $0.28 during trading hours on Wednesday, reaching $7.97. The company’s stock had a trading volume of 85,876 shares, compared to its average volume of 1,721,660. The firm has a 50 day moving average price of $6.22 and a 200-day moving average price of $4.44. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.35 and a quick ratio of 1.61. The stock has a market cap of $1.07 billion, a P/E ratio of 8.79 and a beta of 1.36. Tetra Technologies, Inc. has a one year low of $2.03 and a one year high of $8.35.

Tetra Technologies (NYSE:TTI) last issued its quarterly earnings data 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. The company had revenue of $153.24 million for the quarter, compared to analysts’ expectations 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 predict that Tetra Technologies, Inc. will post 0.15 EPS for the current year.

Hedge Funds Weigh In On Tetra Technologies

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in shares of Tetra Technologies by 0.9% during the second quarter. JPMorgan Chase & Co. now owns 389,606 shares of the oil and gas company’s stock worth $1,309,000 after purchasing an additional 3,547 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Tetra Technologies by 7.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 48,840 shares of the oil and gas company’s stock worth $164,000 after purchasing an additional 3,551 shares in the last quarter. Profund Advisors LLC lifted its stake in shares of Tetra Technologies by 29.4% in the 3rd quarter. Profund Advisors LLC now owns 18,593 shares of the oil and gas company’s stock valued at $107,000 after purchasing an additional 4,223 shares during the period. State of Alaska Department of Revenue acquired a new stake in Tetra Technologies during the third quarter valued at $28,000. Finally, Byrne Asset Management LLC increased its holdings in Tetra Technologies by 40.3% in the second quarter. Byrne Asset Management LLC now owns 21,426 shares of the oil and gas company’s stock valued at $72,000 after buying an additional 6,149 shares in the last quarter. 70.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Northland Securities set a $8.50 price target on Tetra Technologies in a research report on Thursday, October 30th. Stifel Nicolaus increased their price objective on shares of 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 reissued a “hold (c+)” rating on shares of Tetra Technologies in a research note on Tuesday, October 14th. Wall Street Zen cut Tetra Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, D. Boral Capital raised their price target on Tetra Technologies from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Three 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 company has a consensus rating of “Moderate Buy” and a consensus price target of $7.50.

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.