WealthTrust Axiom LLC Boosts Stake in Tetra Technologies, Inc. $TTI

WealthTrust Axiom LLC increased its holdings in Tetra Technologies, Inc. (NYSE:TTI) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,680,344 shares of the oil and gas company’s stock after purchasing an additional 21,712 shares during the period. Tetra Technologies makes up about 1.7% of WealthTrust Axiom LLC’s investment portfolio, making the stock its 15th largest position. WealthTrust Axiom LLC owned about 1.26% of Tetra Technologies worth $5,646,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TTI. DKM Wealth Management Inc. purchased a new position in shares of Tetra Technologies in the 2nd quarter worth $42,000. Catalyst Funds Management Pty Ltd purchased a new stake in Tetra Technologies during the second quarter valued at approximately $44,000. CWM LLC lifted its stake 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 during the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Tetra Technologies in the 2nd quarter valued at approximately $57,000. Finally, Prudential Financial Inc. boosted its holdings in shares of Tetra Technologies by 74.4% in the 2nd quarter. Prudential Financial Inc. now owns 17,790 shares of the oil and gas company’s stock worth $60,000 after purchasing an additional 7,590 shares during the period. Institutional investors own 70.19% of the company’s stock.

Wall Street Analysts Forecast Growth

TTI has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Tetra Technologies in a research report on Tuesday, October 14th. Stifel Nicolaus increased their price target on Tetra Technologies from $6.50 to $9.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Wall Street Zen cut Tetra Technologies from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Northland Securities set a $8.50 price objective on Tetra Technologies in a research report on Thursday, October 30th. Finally, D. Boral Capital lifted 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. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Tetra Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.50.

Tetra Technologies Stock Performance

TTI stock opened at $7.84 on Friday. Tetra Technologies, Inc. has a 1-year low of $2.03 and a 1-year high of $8.35. The business has a 50-day moving average price of $6.88 and a 200 day moving average price of $4.81. The company has a market capitalization of $1.05 billion, a P/E ratio of 8.62 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 (NYSE:TTI) last issued its earnings results on Tuesday, October 28th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. Tetra Technologies had a net margin of 19.75% and a return on equity of 13.07%. 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. As a group, equities research analysts forecast that Tetra Technologies, Inc. will post 0.15 EPS for the current fiscal year.

Insider Buying and Selling

In other Tetra Technologies news, VP Shoemake Alicia R. Boston sold 19,257 shares of the company’s stock in a transaction 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 completion of the sale, the vice president owned 132,672 shares in the company, valued at $1,053,415.68. This represents a 12.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 5.71% of the stock is owned by company 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.