Comerica Bank Buys 162,978 Shares of Tetra Technologies, Inc. $TTI

Comerica Bank boosted its stake in shares of Tetra Technologies, Inc. (NYSE:TTI) by 134.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 284,304 shares of the oil and gas company’s stock after purchasing an additional 162,978 shares during the period. Comerica Bank’s holdings in Tetra Technologies were worth $955,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in TTI. Raymond James Financial Inc. bought a new position in Tetra Technologies during the fourth quarter valued at about $521,000. Dimensional Fund Advisors LP grew its position in Tetra Technologies by 7.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,259,133 shares of the oil and gas company’s stock valued at $11,667,000 after buying an additional 239,052 shares during the period. Price T Rowe Associates Inc. MD grew its position in Tetra Technologies by 6.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 142,394 shares of the oil and gas company’s stock valued at $510,000 after buying an additional 8,323 shares during the period. Northern Trust Corp grew its position in Tetra Technologies by 9.1% during the fourth quarter. Northern Trust Corp now owns 1,189,713 shares of the oil and gas company’s stock valued at $4,259,000 after buying an additional 99,588 shares during the period. Finally, Ameriprise Financial Inc. grew its position in Tetra Technologies by 32.1% during the fourth quarter. Ameriprise Financial Inc. now owns 1,559,054 shares of the oil and gas company’s stock valued at $5,581,000 after buying an additional 378,488 shares during the period. Institutional investors own 70.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TTI. Stifel Nicolaus increased their price target on shares of Tetra Technologies from $6.00 to $6.50 and gave the company a “buy” rating in a research report on Thursday, July 31st. Wall Street Zen upgraded shares of Tetra Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, D. Boral Capital increased their target price 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. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $5.75.

Tetra Technologies Price Performance

Shares of NYSE:TTI opened at $4.69 on Friday. The company has a quick ratio of 1.61, a current ratio of 2.47 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $624.42 million, a PE ratio of 5.45 and a beta of 1.39. Tetra Technologies, Inc. has a twelve month low of $2.03 and a twelve month high of $5.12. The company has a 50-day moving average price of $3.91 and a two-hundred day moving average price of $3.39.

Tetra Technologies (NYSE:TTI) last announced its quarterly earnings results on Tuesday, July 29th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. Tetra Technologies had a net margin of 18.95% and a return on equity of 14.10%. The firm had revenue of $173.87 million for the quarter, compared to the consensus estimate of $172.46 million. Tetra Technologies has set its FY 2025 guidance at EPS. Equities analysts forecast that Tetra Technologies, Inc. will post 0.15 EPS for the current year.

Tetra Technologies Profile

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.