Kurt Hallead, an analyst from Benchmark Co., maintained the Buy rating on Tetra Technologies (TTI – Research Report). The associated price target is $7.00.
Kurt Hallead has given his Buy rating due to a combination of factors that highlight Tetra Technologies’ promising financial outlook and strategic advancements. The company has revised its EBITDA guidance for the first half of 2025 upwards, projecting adjusted EBITDA between $55 million and $65 million, surpassing the consensus estimate of $53 million. This positive adjustment is attributed to strong performance in the Completion Fluids segment, which is expected to counterbalance any weaknesses in the Water & Flowback Services division.
Kurt Hallead’s rating is also based on Tetra Technologies’ anticipated revenue growth of 8-12% for 2025 compared to 2024, alongside a free cash flow expected to exceed $50 million. The company’s constructive outlook is further supported by a robust backlog of deep-water projects, increasing momentum for its produced water desalination solutions, and strong demand for its PureFlow battery. Additionally, the launch of TETRA Oasis TDS, a comprehensive water treatment and desalination technology, and the successful completion of a commercial pilot project for produced water desalination in the Delaware Basin, underscore Tetra Technologies’ innovative capabilities and market potential.
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