Northland Securities Has Pessimistic View of TTI Q1 Earnings

Tetra Technologies, Inc. (NYSE:TTI) – Northland Securities lowered their Q1 2027 earnings per share (EPS) estimates for Tetra Technologies in a research report issued on Tuesday, March 31st. Northland Securities analyst B. Brooks now expects that the oil and gas company will post earnings per share of $0.05 for the quarter, down from their prior forecast of $0.06. Northland Securities currently has a “Outperform” rating and a $11.50 target price on the stock. The consensus estimate for Tetra Technologies’ current full-year earnings is $0.15 per share. Northland Securities also issued estimates for Tetra Technologies’ Q3 2027 earnings at $0.09 EPS, Q4 2027 earnings at $0.10 EPS and FY2027 earnings at $0.40 EPS.

A number of other research analysts have also recently issued reports on TTI. CJS Securities started coverage on shares of Tetra Technologies in a research note on Thursday, December 11th. They issued an “outperform” rating and a $11.50 price objective on the stock. Clear Str downgraded Tetra Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Tetra Technologies in a research note on Friday, January 9th. Finally, Stifel Nicolaus upped their price objective on Tetra Technologies from $9.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Tetra Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $10.25.

Tetra Technologies Price Performance

Shares of NYSE:TTI opened at $8.73 on Friday. The firm has a 50 day moving average of $9.81 and a 200-day moving average of $8.59. Tetra Technologies has a 12 month low of $2.03 and a 12 month high of $12.54. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $1.17 billion, a PE ratio of 436.25 and a beta of 1.22.

Tetra Technologies (NYSE:TTI) last announced its earnings results on Wednesday, February 25th. The oil and gas company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The company had revenue of $146.68 million for the quarter, compared to the consensus estimate of $140.98 million. Tetra Technologies had a return on equity of 12.56% and a net margin of 0.48%.

Institutional Investors Weigh In On Tetra Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of TTI. Rockefeller Capital Management L.P. bought a new stake in Tetra Technologies in the fourth quarter worth about $45,000. Invesco Ltd. boosted its stake in Tetra Technologies by 75.3% in the fourth quarter. Invesco Ltd. now owns 1,115,415 shares of the oil and gas company’s stock valued at $10,451,000 after acquiring an additional 479,027 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of Tetra Technologies by 5.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 24,819 shares of the oil and gas company’s stock valued at $233,000 after acquiring an additional 1,272 shares during the period. Empowered Funds LLC increased its stake in shares of Tetra Technologies by 85.3% during the 4th quarter. Empowered Funds LLC now owns 611,974 shares of the oil and gas company’s stock worth $5,734,000 after purchasing an additional 281,708 shares during the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of Tetra Technologies in the 4th quarter worth approximately $99,000. 70.19% of the stock is owned by institutional investors.

Tetra Technologies Company Profile

Tetra Technologies, Inc (NYSE: TTI) is a provider of specialized products and services to the upstream oil and gas industry. The company operates through two primary segments: Oilfield Services, which offers hydraulic fracturing and wellsite fluid systems, and Chemical Solutions, which manufactures and delivers a broad range of drilling, completion and production chemicals. Tetra’s integrated service model spans the design, blending and on-site delivery of fluids, as well as pumping equipment and related wellsite operations.

Within the Oilfield Services segment, Tetra supplies pressure pumping fleets and associated equipment to support onshore hydraulic fracturing and well placement activities.