TETRA Technologies (NYSE:TTI) Stock Price Down 4.6% – What’s Next?

TETRA Technologies, Inc. (NYSE:TTI)’s stock price fell 4.6% during mid-day trading on Wednesday . The stock traded as low as $4.72 and last traded at $4.68. 217,249 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 1,462,155 shares. The stock had previously closed at $4.90.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. D. Boral Capital reaffirmed a “buy” rating and issued a $5.50 price target on shares of TETRA Technologies in a research note on Wednesday, January 8th. EF Hutton Acquisition Co. I upgraded shares of TETRA Technologies to a “strong-buy” rating in a research note on Monday, October 21st. Finally, StockNews.com raised shares of TETRA Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, TETRA Technologies presently has a consensus rating of “Buy” and an average target price of $6.50.

TETRA Technologies Trading Down 1.8 %

The stock has a market cap of $605.67 million, a PE ratio of 229.86 and a beta of 2.06. The firm has a 50-day moving average price of $3.92 and a 200-day moving average price of $3.50. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.51 and a current ratio of 2.33.

TETRA Technologies (NYSE:TTI) last issued its earnings results on Tuesday, October 29th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. The firm had revenue of $141.70 million for the quarter, compared to the consensus estimate of $156.43 million. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. The business’s revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.07 earnings per share. As a group, equities analysts anticipate that TETRA Technologies, Inc. will post 0.15 EPS for the current fiscal year.

Hedge Funds Weigh In On TETRA Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Balboa Wealth Partners purchased a new position in shares of TETRA Technologies during the third quarter valued at approximately $33,000. Townsquare Capital LLC purchased a new stake in TETRA Technologies during the 3rd quarter valued at $36,000. Point72 DIFC Ltd lifted its holdings in shares of TETRA Technologies by 82.0% during the 2nd quarter. Point72 DIFC Ltd now owns 13,241 shares of the oil and gas company’s stock valued at $46,000 after buying an additional 5,966 shares during the period. US Bancorp DE boosted its stake in shares of TETRA Technologies by 2,038.0% in the 3rd quarter. US Bancorp DE now owns 17,703 shares of the oil and gas company’s stock worth $55,000 after buying an additional 16,875 shares during the last quarter. Finally, FMR LLC increased its position in TETRA Technologies by 75.0% during the third quarter. FMR LLC now owns 18,858 shares of the oil and gas company’s stock valued at $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.