Shares of TETRA Technologies, Inc. (NYSE:TTI – Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 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.
Analysts Set New Price Targets
A number of analysts recently issued reports on TTI shares. D. Boral Capital reissued a “buy” rating and set a $5.50 target price on shares of TETRA Technologies in a research note on Wednesday, January 8th. StockNews.com raised TETRA Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, EF Hutton Acquisition Co. I raised 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, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, TETRA Technologies currently has an average rating of “Buy” and an average price target of $6.50.
View Our Latest Stock Analysis on TETRA Technologies
TETRA Technologies Stock Up 8.5 %
TETRA Technologies (NYSE:TTI – Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. The firm had revenue of $141.70 million for the quarter, compared to analysts’ expectations of $156.43 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.07 EPS. As a group, sell-side analysts expect that TETRA Technologies, Inc. will post 0.15 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its position in TETRA Technologies by 233.2% in the third quarter. JPMorgan Chase & Co. now owns 510,705 shares of the oil and gas company’s stock valued at $1,583,000 after acquiring an additional 357,455 shares during the last quarter. Barclays PLC grew its position in TETRA Technologies by 369.6% in the third quarter. Barclays PLC now owns 209,873 shares of the oil and gas company’s stock valued at $650,000 after acquiring an additional 165,184 shares during the last quarter. Geode Capital Management LLC grew its position in TETRA Technologies by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,728,035 shares of the oil and gas company’s stock valued at $8,458,000 after acquiring an additional 17,802 shares during the last quarter. XTX Topco Ltd bought a new position in TETRA Technologies in the third quarter valued at about $405,000. Finally, Stifel Financial Corp grew its position in TETRA Technologies by 703.0% in the third quarter. Stifel Financial Corp now owns 216,439 shares of the oil and gas company’s stock valued at $671,000 after acquiring an additional 189,484 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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