Key Points
- VP Shoemake Alicia Boston sold 19,257 shares of Tetra Technologies on November 10 at an average price of $7.94, netting about $152,900 and reducing her ownership by 12.67% to 132,672 shares (SEC filing disclosed).
- Tetra reported $0.04 EPS (in line with estimates) and $153.24M revenue (above expectations), the stock trades near $7.61 with a market cap of ~$1.02B and a P/E of 8.36, and analysts hold a “Moderate Buy” consensus with an average price target of $7.50 (several firms raised targets, including Stifel to $9.00).
Tetra Technologies, Inc. (NYSE:TTI - Get Free Report) VP Shoemake Alicia Boston sold 19,257 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $7.94, for a total transaction of $152,900.58. Following the transaction, the vice president directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Tetra Technologies Stock Performance
Shares of TTI stock remained flat at $7.61 on Thursday. The stock had a trading volume of 272,504 shares, compared to its average volume of 1,723,772. Tetra Technologies, Inc. has a 12 month low of $2.03 and a 12 month high of $8.35. The firm has a 50 day moving average price of $6.28 and a 200 day moving average price of $4.46. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 8.36 and a beta of 1.36. The company has a quick ratio of 1.61, a current ratio of 2.35 and a debt-to-equity ratio of 0.61.
Tetra Technologies (NYSE:TTI - Get Free Report) last announced its quarterly earnings results on Tuesday, October 28th. The oil and gas company reported $0.04 EPS for the quarter, meeting analysts' consensus estimates of $0.04. The company had revenue of $153.24 million for the quarter, compared to analysts' expectations of $144.40 million. Tetra Technologies had a net margin of 19.75% and a return on equity of 13.07%. Tetra Technologies has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Tetra Technologies, Inc. will post 0.15 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on TTI. Stifel Nicolaus upped their price target on Tetra Technologies from $6.50 to $9.00 and gave the company a "buy" rating in a research report on Wednesday, October 15th. D. Boral Capital boosted their price objective on shares of Tetra Technologies from $4.00 to $5.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Tetra Technologies in a report on Tuesday, October 14th. Northland Securities set a $8.50 price target on shares of Tetra Technologies in a report on Thursday, October 30th. Finally, Wall Street Zen downgraded Tetra Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, November 1st. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $7.50.
Read Our Latest Stock Report on TTI
Institutional Investors Weigh In On Tetra Technologies
Large investors have recently made changes to their positions in the business. State of Alaska Department of Revenue purchased a new position in shares of Tetra Technologies during the 3rd quarter worth approximately $28,000. Vestmark Advisory Solutions Inc. purchased a new position in Tetra Technologies during the 3rd quarter valued at about $58,000. DKM Wealth Management Inc. purchased a new stake in Tetra Technologies in the second quarter worth about $42,000. Osaic Holdings Inc. increased its stake in shares of Tetra Technologies by 647.1% during the second quarter. Osaic Holdings Inc. now owns 12,700 shares of the oil and gas company's stock valued at $43,000 after purchasing an additional 11,000 shares in the last quarter. Finally, Catalyst Funds Management Pty Ltd bought a new stake in shares of Tetra Technologies in the 2nd quarter worth approximately $44,000. 70.19% of the stock is currently owned by institutional investors.
About Tetra Technologies
(
Get Free Report)
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.
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