Pullen Investment Management LLC Raises Stock Holdings in Tetra Technologies, Inc. $TTI

Pullen Investment Management LLC grew its stake in Tetra Technologies, Inc. (NYSE:TTI) by 15.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 597,228 shares of the oil and gas company’s stock after buying an additional 78,857 shares during the quarter. Tetra Technologies makes up 1.2% of Pullen Investment Management LLC’s portfolio, making the stock its 24th biggest holding. Pullen Investment Management LLC owned 0.45% of Tetra Technologies worth $2,007,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Brightline Capital Management LLC purchased a new stake in shares of Tetra Technologies during the first quarter worth about $8,921,000. American Century Companies Inc. grew its position in shares of Tetra Technologies by 49.9% during the first quarter. American Century Companies Inc. now owns 2,599,446 shares of the oil and gas company’s stock worth $8,734,000 after purchasing an additional 864,793 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Tetra Technologies by 7.2% during the first quarter. Russell Investments Group Ltd. now owns 923,424 shares of the oil and gas company’s stock worth $3,103,000 after purchasing an additional 62,396 shares in the last quarter. Panagora Asset Management Inc. grew its position in shares of Tetra Technologies by 11.0% during the first quarter. Panagora Asset Management Inc. now owns 834,647 shares of the oil and gas company’s stock worth $2,804,000 after purchasing an additional 82,999 shares in the last quarter. Finally, Royce & Associates LP purchased a new stake in shares of Tetra Technologies during the first quarter worth about $2,701,000. Hedge funds and other institutional investors own 70.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TTI shares. D. Boral Capital increased their target price on Tetra Technologies from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Northland Securities increased their target price on Tetra Technologies from $5.50 to $7.00 and gave the stock an “outperform” rating in a research report on Friday, September 26th. Wall Street Zen raised Tetra Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Tetra Technologies in a research note on Tuesday, October 14th. Finally, Stifel Nicolaus increased their price target on Tetra Technologies from $6.50 to $9.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. 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, the company has an average rating of “Moderate Buy” and an average target price of $7.00.

Tetra Technologies Price Performance

Shares of Tetra Technologies stock opened at $7.84 on Friday. The stock has a 50 day moving average of $5.51 and a 200 day moving average of $3.99. Tetra Technologies, Inc. has a 12 month low of $2.03 and a 12 month high of $8.20. The firm has a market cap of $1.04 billion, a PE ratio of 9.11 and a beta of 1.32. The company has a current ratio of 2.47, a quick ratio of 1.61 and a debt-to-equity ratio of 0.62.

Tetra Technologies (NYSE:TTI) last posted its quarterly earnings data on Tuesday, July 29th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. The business had revenue of $173.87 million during the quarter, compared to analyst estimates of $172.46 million. Tetra Technologies had a return on equity of 14.10% and a net margin of 18.95%. Tetra Technologies has set its FY 2025 guidance at EPS. On average, research analysts expect that Tetra Technologies, Inc. will post 0.15 EPS for the current fiscal year.

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.