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Investing.com - Stifel has reiterated its Buy rating and $6.00 price target on TETRA Technologies Inc. (NYSE:TTI) following the company’s second-quarter earnings report. According to InvestingPro data, analysts maintain a Strong Buy consensus with price targets ranging from $4.00 to $7.00, suggesting significant upside potential. The stock currently trades at an attractive P/E ratio of 4.4x.
TETRA delivered what Stifel described as a "strong 2Q print," with quarterly EBITDA exceeding the firm’s forecast by 23%, driven by revenue and margin outperformance in the company’s Fluids segment. The company’s financial health is rated as "GREAT" by InvestingPro, with particularly strong scores in profitability and growth metrics.
The oil and gas services company provided guidance for the second half of 2025, projecting EBITDA between $32.5 million and $42.5 million, which aligns with Stifel’s pre-release forecast of $37.8 million.
Stifel analyst Stephen Gengaro indicated that TTI shares would likely respond positively to these quarterly results and the company’s forward guidance.
The firm noted it would await additional details from TETRA’s earnings call scheduled for Wednesday at 10:30 AM ET.
In other recent news, Tetra Technologies Inc reported second-quarter earnings that surpassed analyst expectations. The company posted adjusted earnings of $0.09 per share, exceeding the consensus estimate of $0.08. Revenue for the quarter reached $174 million, slightly above the estimated $173.65 million, marking a 1.1% increase year-over-year. Tetra Technologies also achieved a record adjusted EBITDA of $35.9 million with margins of 20.6%. Additionally, the company raised its full-year guidance for 2025, indicating a positive outlook for future performance. These developments come amidst broader industry challenges, reflecting the company’s resilience. Investors responded positively to the news, as reflected in the market.
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