134,678 Shares in TETRA Technologies, Inc. (NYSE:TTI) Bought by Walleye Capital LLC

Walleye Capital LLC bought a new position in TETRA Technologies, Inc. (NYSE:TTI - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm bought 134,678 shares of the oil and gas company's stock, valued at approximately $418,000. Walleye Capital LLC owned about 0.10% of TETRA Technologies as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Townsquare Capital LLC purchased a new stake in shares of TETRA Technologies in the 3rd quarter valued at approximately $36,000. BNP Paribas Financial Markets raised its position in TETRA Technologies by 68.8% in the third quarter. BNP Paribas Financial Markets now owns 261,217 shares of the oil and gas company's stock valued at $810,000 after purchasing an additional 106,507 shares during the period. FMR LLC lifted its stake 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 worth $58,000 after purchasing an additional 8,084 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of TETRA Technologies by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 994,177 shares of the oil and gas company's stock worth $3,082,000 after buying an additional 26,322 shares during the period. Finally, Foundry Partners LLC grew its stake in shares of TETRA Technologies by 1.0% in the third quarter. Foundry Partners LLC now owns 989,665 shares of the oil and gas company's stock valued at $3,068,000 after buying an additional 9,400 shares in the last quarter. Hedge funds and other institutional investors own 70.19% of the company's stock.

Wall Street Analysts Forecast Growth

TTI has been the subject of a number of research analyst reports. StockNews.com upgraded TETRA Technologies from a "sell" rating to a "hold" rating in a report on Wednesday, October 30th. EF Hutton Acquisition Co. I raised shares of TETRA Technologies to a "strong-buy" rating in a research note on Monday, October 21st.

TETRA Technologies Stock Up 3.9 %

Shares of NYSE:TTI traded up $0.15 during trading hours on Tuesday, reaching $3.88. The stock had a trading volume of 1,022,106 shares, compared to its average volume of 1,295,798. TETRA Technologies, Inc. has a 1 year low of $2.68 and a 1 year high of $5.08. The firm's 50 day moving average is $3.55 and its 200-day moving average is $3.38. The stock has a market capitalization of $510.76 million, a price-to-earnings ratio of 194.10 and a beta of 2.10. 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 - Get Free Report) last issued its earnings results 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 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 14.53% and a net margin of 0.27%. The business's quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the company earned $0.07 EPS. Research analysts predict that TETRA Technologies, Inc. will post 0.15 earnings per share for the current fiscal year.

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.