Emerald Advisers LLC Buys 28,364 Shares of Tetra Technologies, Inc. $TTI

Emerald Advisers LLC grew its holdings in Tetra Technologies, Inc. (NYSE:TTI) by 15.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 213,710 shares of the oil and gas company’s stock after purchasing an additional 28,364 shares during the quarter. Emerald Advisers LLC’s holdings in Tetra Technologies were worth $718,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Pullen Investment Management LLC raised its holdings in shares of Tetra Technologies by 15.2% in the 2nd quarter. Pullen Investment Management LLC now owns 597,228 shares of the oil and gas company’s stock valued at $2,007,000 after purchasing an additional 78,857 shares in the last quarter. CWM LLC raised its holdings in shares of Tetra Technologies by 296.0% in the 2nd quarter. CWM LLC now owns 16,119 shares of the oil and gas company’s stock valued at $54,000 after purchasing an additional 12,049 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Tetra Technologies in the 2nd quarter valued at about $57,000. Inspire Investing LLC raised its holdings in shares of Tetra Technologies by 13.3% in the 2nd quarter. Inspire Investing LLC now owns 115,951 shares of the oil and gas company’s stock valued at $390,000 after purchasing an additional 13,645 shares in the last quarter. Finally, DKM Wealth Management Inc. bought a new stake in shares of Tetra Technologies in the 2nd quarter valued at about $42,000. Institutional investors own 70.19% of the company’s stock.

Tetra Technologies Stock Down 7.9%

TTI stock opened at $7.17 on Thursday. The firm’s fifty day simple moving average is $5.71 and its 200-day simple moving average is $4.11. The company has a market capitalization of $954.95 million, a P/E ratio of 7.87 and a beta of 1.32. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.47 and a quick ratio of 1.61. Tetra Technologies, Inc. has a 12 month low of $2.03 and a 12 month high of $8.19.

Tetra Technologies (NYSE:TTI) last released its quarterly earnings data on Tuesday, October 28th. The oil and gas company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. Tetra Technologies had a net margin of 19.75% and a return on equity of 13.36%. The business 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. As a group, equities research analysts forecast that Tetra Technologies, Inc. will post 0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on TTI. Weiss Ratings reiterated a “hold (c+)” rating on shares of Tetra Technologies in a research note on Tuesday, October 14th. Stifel Nicolaus boosted their price objective on shares of Tetra Technologies from $6.50 to $9.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Northland Securities boosted their price objective on shares of Tetra Technologies from $5.50 to $7.00 and gave the stock an “outperform” rating in a research note on Friday, September 26th. Wall Street Zen upgraded shares of Tetra Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Finally, D. Boral Capital boosted 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. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Tetra Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $7.00.

Tetra Technologies 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.