TETRA Technologies (NYSE:TTI) Stock Rating Upgraded by StockNews.com

TETRA Technologies (NYSE:TTI) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Separately, EF Hutton Acquisition Co. I upgraded shares of TETRA Technologies to a “strong-buy” rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, TETRA Technologies currently has an average rating of “Buy” and an average price target of $7.00.

TETRA Technologies Stock Performance

TETRA Technologies stock traded up $0.67 during trading hours on Wednesday, hitting $3.62. The stock had a trading volume of 4,722,714 shares, compared to its average volume of 1,338,603. The company has a 50-day moving average of $3.12 and a two-hundred day moving average of $3.47. The company has a quick ratio of 1.72, a current ratio of 2.41 and a debt-to-equity ratio of 1.17. The company has a market cap of $475.85 million, a PE ratio of 45.26 and a beta of 2.04. TETRA Technologies has a fifty-two week low of $2.68 and a fifty-two week high of $5.12.

TETRA Technologies (NYSE:TTI) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. The business had revenue of $141.70 million for the quarter, compared to analyst estimates of $156.43 million. TETRA Technologies had a return on equity of 18.84% and a net margin of 1.61%. TETRA Technologies’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.07 EPS. On average, equities research analysts anticipate that TETRA Technologies will post 0.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TTI. Vanguard Group Inc. boosted its position in TETRA Technologies by 1.2% during the first quarter. Vanguard Group Inc. now owns 7,609,375 shares of the oil and gas company’s stock valued at $33,710,000 after buying an additional 89,099 shares during the period. Gendell Jeffrey L grew its position in TETRA Technologies by 5.5% in the 1st quarter. Gendell Jeffrey L now owns 4,811,224 shares of the oil and gas company’s stock worth $21,314,000 after purchasing an additional 252,632 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of TETRA Technologies by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,129,181 shares of the oil and gas company’s stock worth $10,827,000 after acquiring an additional 96,898 shares during the last quarter. Huber Capital Management LLC boosted its stake in shares of TETRA Technologies by 5.1% during the 2nd quarter. Huber Capital Management LLC now owns 1,945,586 shares of the oil and gas company’s stock worth $6,732,000 after acquiring an additional 95,096 shares during the last quarter. Finally, Masters Capital Management LLC lifted its stake in shares of TETRA Technologies by 70.0% during the 2nd quarter. Masters Capital Management LLC now owns 1,700,000 shares of the oil and gas company’s stock valued at $5,882,000 after buying an additional 700,000 shares in the last quarter. Institutional investors own 70.19% of the company’s stock.

About TETRA Technologies

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.