Catalyst Funds Management Pty Ltd Invests $44,000 in Tetra Technologies, Inc. $TTI

Catalyst Funds Management Pty Ltd acquired a new stake in shares of Tetra Technologies, Inc. (NYSE:TTI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 13,100 shares of the oil and gas company’s stock, valued at approximately $44,000.

A number of other institutional investors have also recently added to or reduced their stakes in TTI. Byrne Asset Management LLC increased its position 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 worth $72,000 after buying an additional 6,149 shares during the period. Emerald Mutual Fund Advisers Trust grew its position in shares of Tetra Technologies by 13.4% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 68,925 shares of the oil and gas company’s stock worth $232,000 after acquiring an additional 8,166 shares during the last quarter. State of Wyoming increased its holdings in shares of Tetra Technologies by 33.9% in the 1st quarter. State of Wyoming now owns 34,502 shares of the oil and gas company’s stock worth $116,000 after acquiring an additional 8,730 shares during the period. Rhumbline Advisers increased its holdings in shares of Tetra Technologies by 4.3% in the 1st quarter. Rhumbline Advisers now owns 216,479 shares of the oil and gas company’s stock worth $727,000 after acquiring an additional 8,857 shares during the period. Finally, CWM LLC lifted its position in 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 during the last quarter. 70.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on TTI. Stifel Nicolaus upped their target price 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. Wall Street Zen lowered Tetra Technologies from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Tetra Technologies in a research report on Tuesday, October 14th. D. Boral Capital boosted their price target on Tetra Technologies from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Finally, Northland Securities set a $8.50 price target on Tetra Technologies in a research note on Thursday, October 30th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $7.50.

Tetra Technologies Price Performance

Shares of NYSE:TTI opened at $7.42 on Friday. The stock has a market cap of $992.40 million, a price-to-earnings ratio of 8.15 and a beta of 1.36. 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, Inc. has a 12 month low of $2.03 and a 12 month high of $8.35. The stock’s 50 day moving average price is $6.67 and its 200 day moving average price is $4.69.

Tetra Technologies (NYSE:TTI) last issued its quarterly earnings results 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. Tetra Technologies had a return on equity of 13.07% and a net margin of 19.75%.The company had revenue of $153.24 million for the quarter, compared to analysts’ expectations of $144.40 million. Tetra Technologies has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Tetra Technologies, Inc. will post 0.15 earnings per share for the current fiscal year.

Insider Transactions at Tetra Technologies

In other Tetra Technologies news, VP Shoemake Alicia R. Boston sold 19,257 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were 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 approximately $1,053,415.68. The trade was a 12.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.71% of the stock is currently owned by insiders.

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.