Research Analysts Offer Predictions for TTI FY2027 Earnings

by · The Markets Daily

Tetra Technologies, Inc. (NYSE:TTI – Free Report) – Equities researchers at Northland Securities upped their FY2027 earnings estimates for Tetra Technologies in a report released on Monday, October 12th. Northland Securities analyst B. Brooks now expects that the oil and gas company will earn $0.22 per share for the year, up from their previous forecast of $0.21. The consensus estimate for Tetra Technologies’ current full-year earnings is $0.25 per share.

Other equities analysts have also recently issued reports about the company. Stifel Nicolaus decreased their price target on Tetra Technologies from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, September 23rd. Clear Str upgraded Tetra Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. Finally, Weiss Ratings lowered Tetra Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $11.17.

View Our Latest Analysis on Tetra Technologies

Tetra Technologies Trading Down 7.4%

Shares of TTI stock opened at $5.66 on Wednesday. The stock has a market capitalization of $837.34 million, a PE ratio of 141.41 and a beta of 1.26. Tetra Technologies has a 1-year low of $5.59 and a 1-year high of $12.54. The business has a 50-day moving average of $6.87 and a 200 day moving average of $8.56. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.46 and a quick ratio of 1.76.

Tetra Technologies (NYSE:TTI – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The oil and gas company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. Tetra Technologies had a return on equity of 9.11% and a net margin of 0.97%. The firm had revenue of $185.66 million for the quarter, compared to the consensus estimate of $176.16 million. During the same quarter in the previous year, the business earned $0.08 earnings per share.

Institutional Trading of Tetra Technologies

Institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Tetra Technologies in the second quarter worth $138,491,000. Encompass Capital Advisors LLC increased its position in shares of Tetra Technologies by 10.7% during the first quarter. Encompass Capital Advisors LLC now owns 3,201,953 shares of the oil and gas company’s stock valued at $27,281,000 after buying an additional 310,363 shares during the period. Vaughan Nelson Investment Management L.P. increased its position in shares of Tetra Technologies by 1.4% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,744,530 shares of the oil and gas company’s stock valued at $23,383,000 after buying an additional 38,155 shares during the period. Needham Investment Management LLC increased its position in shares of Tetra Technologies by 55.7% during the fourth quarter. Needham Investment Management LLC now owns 2,375,000 shares of the oil and gas company’s stock valued at $22,254,000 after buying an additional 850,000 shares during the period. Finally, Wellington Management Group LLP raised its stake in Tetra Technologies by 60.2% in the second quarter. Wellington Management Group LLP now owns 2,343,491 shares of the oil and gas company’s stock worth $26,552,000 after buying an additional 880,413 shares in the last quarter. 70.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tetra Technologies

In other news, Director Angela John acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The shares were purchased at an average price of $6.50 per share, for a total transaction of $65,000.00. Following the completion of the transaction, the director owned 97,434 shares of the company’s stock, valued at $633,321. The trade was a 11.44% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.27% of the stock is currently owned by company insiders.

Tetra Technologies Company Profile

(Get Free Report)

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.

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