Barclays PLC Purchases 165,184 Shares of TETRA Technologies, Inc. (NYSE:TTI)

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

Several other hedge funds also recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its position in shares of TETRA Technologies by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,129,181 shares of the oil and gas company's stock valued at $10,827,000 after acquiring an additional 96,898 shares during the period. Huber Capital Management LLC grew its holdings in TETRA Technologies by 5.1% during the second quarter. Huber Capital Management LLC now owns 1,945,586 shares of the oil and gas company's stock worth $6,732,000 after purchasing an additional 95,096 shares during the period. Masters Capital Management LLC increased its position in TETRA Technologies by 70.0% during the second quarter. Masters Capital Management LLC now owns 1,700,000 shares of the oil and gas company's stock worth $5,882,000 after buying an additional 700,000 shares during the last quarter. Stanley Laman Group Ltd. raised its stake in TETRA Technologies by 57.9% in the third 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. Finally, HITE Hedge Asset Management LLC lifted its position in shares of TETRA Technologies by 0.3% in the third 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 buying an additional 4,393 shares during the last quarter. Institutional investors own 70.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. StockNews.com raised TETRA Technologies from a "sell" rating to a "hold" rating in a report on Wednesday, October 30th. D. Boral Capital reiterated a "buy" rating and issued a $5.50 price objective on shares of TETRA Technologies in a report on Tuesday, December 17th. Finally, EF Hutton Acquisition Co. I raised shares of TETRA Technologies to a "strong-buy" rating in a research report on Monday, October 21st. One research 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $6.50.

TETRA Technologies Stock Performance

NYSE:TTI traded up $0.14 during mid-day trading on Thursday, hitting $3.72. 558,577 shares of the stock were exchanged, compared to its average volume of 1,267,517. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.51 and a current ratio of 2.33. The firm's 50-day simple moving average is $3.66 and its 200 day simple moving average is $3.39. TETRA Technologies, Inc. has a fifty-two week low of $2.68 and a fifty-two week high of $5.08. The stock has a market capitalization of $490.33 million, a price-to-earnings ratio of 186.09 and a beta of 2.10.

TETRA Technologies (NYSE:TTI - Get Free Report) last posted its earnings results on Tuesday, October 29th. The oil and gas company reported $0.03 earnings per share for the quarter, hitting analysts' consensus estimates of $0.03. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. The company had revenue of $141.70 million during the quarter, compared to the consensus estimate of $156.43 million. During the same quarter last year, the firm earned $0.07 earnings per share. The company's revenue was down 6.5% on a year-over-year basis. As a group, equities analysts anticipate that TETRA Technologies, Inc. will post 0.15 EPS 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.