Stanley Laman Group Ltd. Lowers Stock Position in Tetra Technologies, Inc. $TTI

Stanley Laman Group Ltd. cut its position in shares of Tetra Technologies, Inc. (NYSE:TTI) by 8.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,294,410 shares of the oil and gas company’s stock after selling 121,497 shares during the quarter. Stanley Laman Group Ltd. owned about 0.97% of Tetra Technologies worth $4,349,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Diversified Trust Co grew its holdings in shares of Tetra Technologies by 10.3% during the 1st quarter. Diversified Trust Co now owns 43,565 shares of the oil and gas company’s stock worth $146,000 after purchasing an additional 4,058 shares during the period. Rhumbline Advisers lifted its position in Tetra Technologies by 4.3% during the first quarter. Rhumbline Advisers now owns 216,479 shares of the oil and gas company’s stock valued at $727,000 after buying an additional 8,857 shares in the last quarter. Needham Investment Management LLC purchased a new stake in Tetra Technologies during the first quarter worth approximately $1,562,000. Comerica Bank increased its position in shares of Tetra Technologies by 134.3% in the first quarter. Comerica Bank now owns 284,304 shares of the oil and gas company’s stock worth $955,000 after acquiring an additional 162,978 shares in the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Tetra Technologies in the 2nd quarter valued at $179,000. 70.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on TTI. D. Boral Capital upped their price target on shares of Tetra Technologies from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Stifel Nicolaus upped their target price on Tetra Technologies from $6.50 to $9.00 and gave the stock a “buy” rating in a research report on Wednesday. Wall Street Zen upgraded Tetra Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Northland Securities boosted their price target on Tetra Technologies from $5.50 to $7.00 and gave the stock an “outperform” rating in a research report on Friday, September 26th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tetra Technologies in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $7.00.

Tetra Technologies Trading Up 1.1%

NYSE:TTI opened at $7.16 on Friday. The stock has a market cap of $953.62 million, a price-to-earnings ratio of 8.32 and a beta of 1.32. Tetra Technologies, Inc. has a one year low of $2.03 and a one year high of $7.78. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.61 and a current ratio of 2.47. The business’s 50-day simple moving average is $5.13 and its 200 day simple moving average is $3.81.

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, hitting the consensus estimate of $0.09. The company had revenue of $173.87 million for the quarter, compared to the consensus estimate 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. As a group, sell-side analysts predict that Tetra Technologies, Inc. will post 0.15 earnings per share for the current fiscal year.

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.