TETRA Technologies (NYSE:TTI) Raised to Strong-Buy at EF Hutton Acquisition Co. I

EF Hutton Acquisition Co. I upgraded shares of TETRA Technologies (NYSE:TTI) to a strong-buy rating in a research report released on Monday, Zacks.com reports.

Separately, StockNews.com upgraded shares of TETRA Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $7.00.

TETRA Technologies Trading Down 1.8 %

NYSE TTI opened at $2.97 on Monday. TETRA Technologies has a 12 month low of $2.68 and a 12 month high of $6.12. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.41 and a quick ratio of 1.72. The company has a market capitalization of $388.83 million, a price-to-earnings ratio of 18.53 and a beta of 2.04. The company’s fifty day moving average price is $3.12 and its two-hundred day moving average price is $3.52.

TETRA Technologies (NYSE:TTI) last posted its quarterly earnings data on Wednesday, July 31st. The oil and gas company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). TETRA Technologies had a net margin of 1.61% and a return on equity of 18.84%. The company had revenue of $171.94 million for the quarter, compared to the consensus estimate of $180.66 million. As a group, research analysts predict that TETRA Technologies will post 0.18 earnings per share for the current fiscal year.

Institutional Trading of TETRA Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets increased its holdings in shares of TETRA Technologies by 168.1% in the 1st quarter. BNP Paribas Financial Markets now owns 250,888 shares of the oil and gas company’s stock worth $1,111,000 after acquiring an additional 157,295 shares during the period. American Century Companies Inc. increased its stake in TETRA Technologies by 153.8% during the 2nd quarter. American Century Companies Inc. now owns 883,431 shares of the oil and gas company’s stock valued at $3,057,000 after buying an additional 535,413 shares during the period. HITE Hedge Asset Management LLC acquired a new position in TETRA Technologies during the 2nd quarter valued at about $4,368,000. Norden Group LLC acquired a new position in TETRA Technologies during the 1st quarter valued at about $83,000. Finally, Stanley Laman Group Ltd. increased its stake in TETRA Technologies by 57.9% during the 3rd quarter. Stanley Laman Group Ltd. now owns 1,401,932 shares of the oil and gas company’s stock valued at $4,346,000 after buying an additional 514,054 shares during the period. 70.19% of the stock is owned by institutional investors and hedge funds.

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.