TETRA TechnologiesTTI
TTI
About: Tetra Technologies Inc is a diversified oil and gas services company, focused on completion fluids and associated products and services, water management, frac flowback, production well testing, offshore rig cooling, and compression services. It has two reporting segments namely Completion Fluids & Products, and Water & Flowback Services. The Completion Fluids & Products Division manufactures and markets clear brine fluids, additives, and associated products and services. The Water & Flowback Services Division provides onshore oil and gas operators with comprehensive water management services. The company derives maximum revenue from United states.
Employees: 1,500
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
29% more repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 51
19% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 21
2% more funds holding
Funds holding: 173 [Q2] → 177 (+4) [Q3]
0.35% less ownership
Funds ownership: 69.27% [Q2] → 68.92% (-0.35%) [Q3]
29% less call options, than puts
Call options by funds: $1.66M | Put options by funds: $2.33M
86% less capital invested
Capital invested by funds: $2.04B [Q2] → $280M (-$1.76B) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$5.50
61%
upside
Avg. target
$5.50
61%
upside
High target
$5.50
61%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
D. Boral Capital Jesse Sobelson 75% 1-year accuracy 12 / 16 met price target | 61%upside $5.50 | Buy Maintained | 17 Dec 2024 |
EF Hutton Jesse Sobelson 75% 1-year accuracy 12 / 16 met price target | 61%upside $5.50 | Buy Maintained | 30 Oct 2024 |
Financial journalist opinion
Neutral
PRNewsWire
5 days ago
TETRA TECHNOLOGIES, INC. INTRODUCES TETRA OASIS TOTAL DESALINATION SOLUTION (TETRA OASIS TDS) AND RESULTS FROM PERMIAN BASIN BENEFICIAL RE-USE PILOT
THE WOODLANDS, Texas , Dec. 16, 2024 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) today announced the commercial launch of TETRA Oasis TDS, an end-to-end water treatment and desalination technology for beneficial re-use and mineral extraction applications for oil and gas well produced water. TETRA also recently completed a commercial pilot project for the desalination of Delaware Basin produced water for a major North America oil and gas operator.
Neutral
PRNewsWire
2 weeks ago
TETRA TECHNOLOGIES, INC. TO PARTICIPATE IN THE 2024 WELLS FARGO 23RD ANNUAL MIDSTREAM, ENERGY AND UTILITIES SYMPOSIUM
THE WOODLANDS, Texas , Dec. 3, 2024 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) announced that its senior management will participate at the 2024 Wells Fargo 23rd Annual Midstream, Energy and Utilities Symposium in New York on Tuesday, December 10, 2024. Brady Murphy, Chief Executive Officer, and Elijio Serrano, Chief Financial Officer will be hosting one-on-one meetings from 8:00 A.M.
Neutral
Seeking Alpha
1 month ago
TETRA Technologies, Inc. (TTI) Q3 2024 Earnings Call Transcript
TETRA Technologies, Inc. (NYSE:TTI ) Q3 2024 Earnings Conference Call October 30, 2024 10:30 AM ET Company Participants Julian Higuera - Director-FP&A and Investor Relations Brady Murphy - President and Chief Executive Officer Elijio Serrano - Senior Vice President and Chief Financial Officer Conference Call Participants Stephen Gengaro - Stifel Kurt Hallead - Benchmark Martin Malloy - Johnson Rice Bobby Brooks - Northland Capital Markets Josh Jayne - Daniel Energy Partners Jesse Sobelson - EF Houghton Dan Weston - WestCap Management Operator Good morning and welcome to TETRA Technologies' Third Quarter 2024 Results Conference Call. All participants will be in a listen-only mode.
Positive
Zacks Investment Research
1 month ago
Tetra Technologies (TTI) Q3 Earnings Meet Estimates
Tetra Technologies (TTI) came out with quarterly earnings of $0.03 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.07 per share a year ago.
Neutral
PRNewsWire
1 month ago
TETRA TECHNOLOGIES, INC. ANNOUNCES BRAZIL DEEPWATER COMPLETION FLUIDS AWARD AND THIRD QUARTER 2024 FINANCIAL RESULTS
Third-quarter revenue of $142 million GAAP income before taxes and discontinued operations of $7.6 million and EPS from continuing operations of $0.02 Adjusted EBITDA of $23.5 million and adjusted net income per share of $0.03 Net cash provided by operating activities of $19.9 million, total adjusted free cash flow of $7.4 million, base business adjusted free cash flow(1) of $16.0 million THE WOODLANDS, Texas , Oct. 29, 2024 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) today announced third-quarter 2024 financial results and an increasing deepwater backlog following the award of a deepwater project in Brazil. Brady Murphy, TETRA President and Chief Executive Officer, stated, "Despite challenging third quarter headwinds with three Gulf of Mexico hurricanes and weaker U.S. onshore activity, cash provided by operating activities of $19.9 million and Adjusted EBITDA of $23.5 million came in consistent with our expectations.
Positive
Seeking Alpha
1 month ago
Tetra Technologies Is Worth A Nibble After Significant Selloff YTD
Tetra Technologies offers a contrarian investment opportunity against the prevailing low oil price outlook advocated by the IEA and EIA, since it provides increasingly crucial oilfield services. TTI's primary exposure is to the US shale industry & offshore oil production around the world, which is expected to increase drilling activities due to global oil supply shortfalls. As prime shale acreage depletes, intensified drilling in second-tier areas just to maintain production volumes will boost demand for TTI's services, enhancing its investment appeal.
Negative
Zacks Investment Research
1 month ago
Analysts Estimate Tetra Technologies (TTI) to Report a Decline in Earnings: What to Look Out for
Tetra Technologies (TTI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Neutral
PRNewsWire
2 months ago
TETRA TECHNOLOGIES, INC. TO PARTICIPATE IN THE MICROCAP RODEO FALL CONFERENCE
THE WOODLANDS, Texas , Oct. 10, 2024 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) announced that its senior management will participate at The MicroCap Rodeo Fall Conference in New York on Wednesday, October 16, 2024. Brady Murphy, Chief Executive Officer, and Elijio Serrano, Chief Financial Officer will be presenting at 2:30 P.M.
Neutral
PRNewsWire
2 months ago
TETRA TECHNOLOGIES, INC. ANNOUNCES THIRD QUARTER EARNINGS RELEASE CONFERENCE CALL AND WEBCAST
THE WOODLANDS, Texas , Oct. 10, 2024 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) announced today that it will release third quarter results after the closing of the market on Tuesday, October 29, 2024. On October 30, 2024, TETRA will host a conference call at 10:30 a.m.
Positive
GuruFocus
2 months ago
Neuberger Berman Group LLC's Strategic Acquisition in Tetra Technologies Inc
On September 30, 2024, Neuberger Berman Group LLC, a prominent investment management firm, expanded its portfolio by acquiring an additional 575,097 shares of Tetra Technologies Inc (TTI, Financial). This transaction increased the firm's total holdings in TTI to 8,393,900 shares, reflecting a significant commitment to the oil and gas services company.
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