TETRA Technologies, Inc. (NYSE:TTI – Get Free Report) shares saw an uptick in trading volume on Tuesday . 1,657,002 shares were traded during mid-day trading, an increase of 90% from the previous session’s volume of 872,191 shares.The stock last traded at $4.40 and had previously closed at $4.12.
Analyst Ratings Changes
A number of research firms have recently weighed in on TTI. StockNews.com upgraded shares of TETRA Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. EF Hutton Acquisition Co. I raised TETRA Technologies to a “strong-buy” rating in a report on Monday, October 21st. Finally, D. Boral Capital reissued a “buy” rating and set a $5.50 target price on shares of TETRA Technologies in a report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, TETRA Technologies currently has an average rating of “Buy” and a consensus price target of $6.50.
Get Our Latest Stock Analysis on TETRA Technologies
TETRA Technologies Price Performance
TETRA Technologies (NYSE:TTI – Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. The company had revenue of $141.70 million for the quarter, compared to analyst estimates of $156.43 million. During the same quarter last year, the company posted $0.07 EPS. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. As a group, sell-side analysts predict that TETRA Technologies, Inc. will post 0.15 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Balboa Wealth Partners acquired a new position in TETRA Technologies during the 3rd quarter worth approximately $33,000. Townsquare Capital LLC acquired a new position in shares of TETRA Technologies during the third quarter worth $36,000. Point72 DIFC Ltd lifted its stake in shares of TETRA Technologies by 82.0% in the 2nd quarter. Point72 DIFC Ltd now owns 13,241 shares of the oil and gas company’s stock valued at $46,000 after acquiring an additional 5,966 shares during the last quarter. US Bancorp DE boosted its holdings in shares of TETRA Technologies by 2,038.0% during the 3rd quarter. US Bancorp DE now owns 17,703 shares of the oil and gas company’s stock valued at $55,000 after acquiring an additional 16,875 shares in the last quarter. Finally, FMR LLC grew its position in TETRA Technologies by 75.0% during the 3rd quarter. FMR LLC now owns 18,858 shares of the oil and gas company’s stock worth $58,000 after acquiring an additional 8,084 shares during the last quarter. Institutional investors own 70.19% of the company’s stock.
TETRA Technologies Company Profile
TETRA Technologies, Inc, together with its subsidiaries, operates as an energy services and solutions company. It operates through two segments, Completion Fluids & Products Division and Water & Flowback Services. The Completion Fluids & Products segment manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, as well as in Latin America, Europe, Asia, the Middle East, and Africa.
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