TETRA Technologies (NYSE:TTI) Trading 7.4% Higher – Still a Buy?

TETRA Technologies, Inc. (NYSE:TTI) rose 7.4% on Thursday . The company traded as high as $3.81 and last traded at $3.79. Approximately 862,446 shares were traded during trading, a decline of 18% from the average daily volume of 1,049,842 shares. The stock had previously closed at $3.53.

Analyst Ratings Changes

Separately, D. Boral Capital reiterated a “buy” rating and issued a $5.50 price target on shares of TETRA Technologies in a research note on Wednesday.

TETRA Technologies Price Performance

The company’s 50-day simple moving average is $4.03 and its 200 day simple moving average is $3.69. The stock has a market capitalization of $501.11 million, a price-to-earnings ratio of 189.34 and a beta of 2.04. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 1.16.

TETRA Technologies (NYSE:TTI) last announced its earnings results on Tuesday, February 25th. The oil and gas company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. The firm had revenue of $134.50 million for the quarter, compared to the consensus estimate of $138.96 million. Equities research analysts forecast that TETRA Technologies, Inc. will post 0.15 EPS for the current year.

Institutional Trading of TETRA Technologies

Several hedge funds have recently modified their holdings of TTI. Pullen Investment Management LLC boosted its stake in TETRA Technologies by 105.5% in the fourth quarter. Pullen Investment Management LLC now owns 507,650 shares of the oil and gas company’s stock valued at $1,817,000 after acquiring an additional 260,611 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of TETRA Technologies by 18.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 291,515 shares of the oil and gas company’s stock worth $1,044,000 after purchasing an additional 45,535 shares during the period. Two Sigma Investments LP increased its holdings in TETRA Technologies by 51.2% in the fourth quarter. Two Sigma Investments LP now owns 187,072 shares of the oil and gas company’s stock valued at $670,000 after purchasing an additional 63,370 shares during the last quarter. ProShare Advisors LLC increased its holdings in TETRA Technologies by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 35,357 shares of the oil and gas company’s stock valued at $127,000 after purchasing an additional 11,634 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in TETRA Technologies by 4.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,839 shares of the oil and gas company’s stock valued at $257,000 after buying an additional 3,124 shares during the period. 70.19% of the stock is owned by institutional investors.

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.