TETRA Technologies Inc. (NYSE:TTI) marked $3.73 per share on Wednesday, up from a previous closing price of $3.63. While TETRA Technologies Inc. has overperformed by 2.75%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TTI rose by 23.10%, with highs and lows ranging from $5.82 to $2.70, whereas the simple moving average fell by -7.91% in the last 200 days.
On June 24, 2022, Johnson Rice Upgraded TETRA Technologies Inc. (NYSE: TTI) to Buy. A report published by Stifel on February 03, 2021, Upgraded its rating to ‘Buy’ for TTI. Evercore ISI also Upgraded TTI shares as ‘Outperform’, setting a target price of $3 on the company’s shares in a report dated February 02, 2021. Wells Fargo March 13, 2020d the rating to Equal Weight on March 13, 2020, and set its price target from $2.25 to $1. B. Riley FBR March 11, 2020d its ‘Buy’ rating to ‘Neutral’ for TTI, as published in its report on March 11, 2020. Stifel’s report from March 10, 2020 suggests a price prediction of $1 for TTI shares, giving the stock a ‘Hold’ rating. Evercore ISI also rated the stock as ‘Underperform’.
Analysis of TETRA Technologies Inc. (TTI)
Further, the quarter-over-quarter increase in sales is 41.40%, showing a positive trend in the upcoming months.
In order to gain a clear picture of TETRA Technologies Inc.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 8.20% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.40, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 1.05M can be a very valuable indicator of volatility for TTI stock. On a monthly basis, the volatility of the stock is set at 4.79%, whereas on a weekly basis, it is put at 4.62%, with a gain of 14.07% over the past seven days. Furthermore, long-term investors anticipate a median target price of $7.25, showing growth from the present price of $3.73, which can serve as yet another indication of whether TTI is worth investing in or should be passed over.
How Do You Analyze TETRA Technologies Inc. Shares?
The USA based company TETRA Technologies Inc. (TTI) is one of the biggest names in Oil & Gas Equipment & Services. When comparing TETRA Technologies Inc. shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 54.85, there is a growth in quarterly earnings of -101.70%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.60%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 62.60% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in TTI shares?
The recent increase in stakes in TTI appears to be a result of several institutional investors and hedge funds increasing their positions. Fuller & Thaler Asset Management,’s position in TTI has increased by 2.03% in the first quarter. The company now owns 7,234,418 shares of the stock, with a value of $27.56 million, following the purchase of 143,689 additional shares during the last quarter. BlackRock Fund Advisors made another decreased to its shares in TTI during the first quarter, downing its stake by -4.89%. During the last quarter, the company dropped down -357,958 additional shares for a total stake of worth $26.5 million, bringing number of shares owned by the company to 6,955,085.
During the first quarter, The Vanguard Group, Inc. subtracted a -71,900 position in TTI. Neuberger Berman Investment Advis purchased an additional 1.88 million shares in the last quarter, increasing its holdings by 94.89%, now holding 3.87 million shares worth $14.74 million. At the end of the first quarter, Emerald Advisers LLC increased its TTI holdings by 72.42% and now holds 3.39 million TTI shares valued at $12.91 million with the added 1.42 million shares during the period. TTI shares are owned by institutional investors to the tune of 62.60% at present.