Barclays PLC Raises Position in TETRA Technologies, Inc. (NYSE:TTI)

Barclays PLC grew its holdings in TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 369.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 209,873 shares of the oil and gas company's stock after buying an additional 165,184 shares during the quarter. Barclays PLC owned about 0.16% of TETRA Technologies worth $650,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of TTI. Geode Capital Management LLC boosted its holdings in TETRA Technologies by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,728,035 shares of the oil and gas company's stock worth $8,458,000 after buying an additional 17,802 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of TETRA Technologies during the 3rd quarter valued at approximately $405,000. Stifel Financial Corp boosted its stake in shares of TETRA Technologies by 703.0% during the 3rd quarter. Stifel Financial Corp now owns 216,439 shares of the oil and gas company's stock worth $671,000 after acquiring an additional 189,484 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of TETRA Technologies in the 3rd quarter worth approximately $2,546,000. Finally, HITE Hedge Asset Management LLC increased its stake in TETRA Technologies by 0.3% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 1,266,869 shares of the oil and gas company's stock valued at $3,927,000 after purchasing an additional 4,393 shares in the last quarter. 70.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. StockNews.com upgraded TETRA Technologies from a "sell" rating to a "hold" rating in a research report on Wednesday, October 30th. D. Boral Capital reaffirmed a "buy" rating and set a $5.50 price target on shares of TETRA Technologies in a research note on Wednesday, January 8th. Finally, EF Hutton Acquisition Co. I raised shares of TETRA Technologies to a "strong-buy" rating in a research note on Monday, October 21st. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $6.50.

TETRA Technologies Price Performance

TTI stock traded down $0.08 on Friday, reaching $4.91. The company had a trading volume of 3,150,822 shares, compared to its average volume of 1,607,565. The company's fifty day moving average is $3.84 and its 200 day moving average is $3.46. The company has a market cap of $646.53 million, a P/E ratio of 245.37 and a beta of 2.06. 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, Inc. has a 1 year low of $2.68 and a 1 year high of $5.12.

TETRA Technologies (NYSE:TTI - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. The business had revenue of $141.70 million for the quarter, compared to the consensus estimate of $156.43 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. The business's revenue was down 6.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.07 earnings per share. On average, research analysts forecast that TETRA Technologies, Inc. will post 0.15 earnings per share for the current year.

TETRA Technologies 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.