Research Analysts Offer Predictions for TTI FY2027 Earnings

Tetra Technologies, Inc. (NYSE:TTI) – Equities research analysts at Northland Securities lifted their FY2027 earnings per share (EPS) estimates for shares of Tetra Technologies in a report issued on Monday, October 12th. Northland Securities analyst B. Brooks now forecasts that the oil and gas company will post earnings per share of $0.22 for the year, up from their prior forecast of $0.21. The consensus estimate for Tetra Technologies’ current full-year earnings is $0.25 per share.

Tetra Technologies (NYSE:TTI) last released its quarterly earnings results on Monday, August 3rd. The oil and gas company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. The company had revenue of $185.66 million for the quarter, compared to analyst estimates of $176.16 million. Tetra Technologies had a return on equity of 9.11% and a net margin of 0.97%. During the same period in the previous year, the company posted $0.08 earnings per share.

TTI has been the subject of a number of other research reports. Clear Str upgraded Tetra Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. Stifel Nicolaus dropped their target price on Tetra Technologies from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, September 23rd. Finally, Weiss Ratings cut Tetra Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Tetra Technologies currently has a consensus rating of “Buy” and a consensus target price of $11.17.

Tetra Technologies Price Performance

Shares of TTI opened at $5.66 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.76 and a current ratio of 2.46. The stock has a market cap of $837.34 million, a PE ratio of 141.41 and a beta of 1.26. The firm’s 50-day simple moving average is $6.87 and its two-hundred day simple moving average is $8.56. Tetra Technologies has a fifty-two week low of $5.59 and a fifty-two week high of $12.54.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Allworth Financial LP purchased a new stake in shares of Tetra Technologies during the second quarter valued at approximately $27,000. KBC Group NV bought a new stake in shares of Tetra Technologies during the first quarter valued at approximately $27,000. Rockefeller Capital Management L.P. purchased a new position in Tetra Technologies in the 4th quarter worth approximately $45,000. Royal Bank of Canada raised its holdings in Tetra Technologies by 133.1% in the 1st quarter. Royal Bank of Canada now owns 9,164 shares of the oil and gas company’s stock worth $78,000 after acquiring an additional 5,232 shares during the last quarter. Finally, State of Wyoming purchased a new position in Tetra Technologies in the 2nd quarter worth approximately $106,000. Institutional investors own 70.19% of the company’s stock.

Insider Buying and Selling

In other news, Director Angela John acquired 10,000 shares of Tetra Technologies stock in a transaction on Wednesday, September 2nd. The stock was acquired at an average cost of $6.50 per share, for a total transaction of $65,000.00. Following the purchase, the director owned 97,434 shares in the company, valued at $633,321. This trade represents a 11.44% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.27% of the company’s stock.

Tetra Technologies Company Profile

Tetra Technologies, Inc (NYSE: TTI) is an energy services and solutions company that provides specialized products and services to the oil and gas industry, with additional activities related to energy transition. The company serves customers involved in drilling, well completion, production and offshore operations.

Tetra’s Completion Fluids & Products segment supplies clear brine fluids, completion-fluid additives and related products used to control pressure and protect reservoirs during well-completion and workover activities.