Tetra Technologies (NYSE:TTI) Shares Down 5.5% – Should You Sell?

Shares of Tetra Technologies, Inc. (NYSE:TTI) traded down 5.5% during mid-day trading on Tuesday . The stock traded as low as $7.20 and last traded at $7.2450. 327,669 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 1,728,826 shares. The stock had previously closed at $7.67.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TTI shares. Stifel Nicolaus increased their price target on Tetra Technologies from $6.50 to $9.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Northland Securities set a $8.50 price objective on Tetra Technologies in a report on Thursday, October 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Tetra Technologies in a research report on Tuesday, October 14th. D. Boral Capital lifted their price objective on Tetra Technologies from $4.00 to $5.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Finally, Wall Street Zen downgraded Tetra Technologies from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $7.50.

Tetra Technologies Stock Down 4.8%

The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.61 and a current ratio of 2.35. The firm has a market capitalization of $976.49 million, a P/E ratio of 8.02 and a beta of 1.36. The firm’s 50-day moving average is $6.72 and its 200 day moving average is $4.74.

Tetra Technologies (NYSE:TTI) last posted its quarterly earnings results on Tuesday, October 28th. The oil and gas company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. Tetra Technologies had a return on equity of 13.07% and a net margin of 19.75%.The firm had revenue of $153.24 million during 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 predict that Tetra Technologies, Inc. will post 0.15 EPS for the current fiscal year.

Insider Activity

In related news, VP Shoemake Alicia R. Boston sold 19,257 shares of the stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $7.94, for a total transaction of $152,900.58. Following the sale, the vice president owned 132,672 shares of the company’s stock, valued at $1,053,415.68. This represents a 12.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 5.71% of the stock is currently owned by insiders.

Institutional Trading of Tetra Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rubric Capital Management LP acquired a new position in shares of Tetra Technologies in the third quarter valued at approximately $26,046,000. Brightline Capital Management LLC acquired a new position in shares of Tetra Technologies during the first quarter valued at about $8,921,000. CenterBook Partners LP acquired a new stake in Tetra Technologies in the third quarter valued at approximately $8,197,000. Acuitas Investments LLC acquired a new position in Tetra Technologies during the third quarter worth $6,787,000. Finally, Marshall Wace LLP bought a new position in Tetra Technologies in the 2nd quarter valued at about $3,613,000. Institutional investors own 70.19% of the company’s stock.

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.