Fintel reports that on August 1, 2023, EF Hutton reiterated coverage of Tetra Technologies (NYSE:TTI) with a Buy recommendation.
Analyst Price Forecast Suggests 59.02% Upside
As of July 6, 2023, the average one-year price target for Tetra Technologies is 7.14. The forecasts range from a low of 6.06 to a high of $8.40. The average price target represents an increase of 59.02% from its latest reported closing price of 4.49.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Tetra Technologies is 643MM, an increase of 6.42%. The projected annual non-GAAP EPS is 0.31.
What is the Fund Sentiment?
There are 315 funds or institutions reporting positions in Tetra Technologies. This is a decrease of 1 owner(s) or 0.32% in the last quarter. Average portfolio weight of all funds dedicated to TTI is 0.09%, a decrease of 44.77%. Total shares owned by institutions decreased in the last three months by 1.99% to 95,793K shares. 
The put/call ratio of TTI is 0.10, indicating a bullish outlook.
What are Other Shareholders Doing?
Fuller & Thaler Asset Management holds 7,639K shares representing 5.90% ownership of the company. In it's prior filing, the firm reported owning 7,735K shares, representing a decrease of 1.25%. The firm decreased its portfolio allocation in TTI by 31.30% over the last quarter.
UBVLX - Undiscovered Managers Behavioral Value Fund Class L holds 6,238K shares representing 4.82% ownership of the company. In it's prior filing, the firm reported owning 6,249K shares, representing a decrease of 0.18%. The firm decreased its portfolio allocation in TTI by 25.98% over the last quarter.
Neuberger Berman Group holds 5,521K shares representing 4.27% ownership of the company. In it's prior filing, the firm reported owning 4,053K shares, representing an increase of 26.59%. The firm decreased its portfolio allocation in TTI by 49.70% over the last quarter.
Gendell Jeffrey L holds 4,491K shares representing 3.47% ownership of the company. In it's prior filing, the firm reported owning 3,065K shares, representing an increase of 31.76%. The firm decreased its portfolio allocation in TTI by 30.53% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,495K shares representing 2.70% ownership of the company. No change in the last quarter.
Tetra Technologies Background Information
(This description is provided by the company.)
TETRA Technologies, Inc. is a geographically diversified oil and gas services company, focused on completion fluids and associated products and services, water management, frac flowback, production well testing, and compression services and equipment. TETRA owns an equity interest, including all of the general partner interest, in CSI Compressco LP, a master limited partnership.
Additional reading:
- TETRA TECHNOLOGIES, INC. ANNOUNCES STRONG SECOND QUARTER 2023 RESULTS WITH REVENUE OF $175.5 MILLION, GAAP EPS OF $0.14, GAAP NET INCOME OF $18.2 MILLION AND ADJUSTED EBITDA OF $36 MILLION
- Memorandum of Understanding between TETRA Technologies, Inc. and Saltwerx LLC dated June 19, 2023.
- Amendment to Credit Agreement dated June 6, 2023 between TETRA Technologies, Inc., Wilmington Trust, National Association, as Administrative Agent, and the Lenders party thereto.
- Fourth Amendment to Credit Agreement dated May 15, 2023 between TETRA Technologies, Inc., TETRA Technologies U.K. Limited, certain Subsidiaries of TETRA party thereto, the other Loan Parties thereto, the Lenders party thereto, Issuing Banks party thereto, and JPMorgan Chase Bank, N.A., as Administrative Agent.
- Third Amendment to Bromine Requirements Sales Agreement between Chemtura Corporation and TETRA Technologies, Inc. dated May 25, 2023 (incorporated by reference to Exhibit 10.1 to the Company’s Form 8-K filed on May 31, 2023 (SEC File No. 001-13455)).
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
