TETRA Technologies (NYSE:TTI) Upgraded to Strong-Buy at EF Hutton Acquisition Co. I

TETRA Technologies (NYSE:TTI - Get Free Report) was upgraded by equities research analysts at EF Hutton Acquisition Co. I to a "strong-buy" rating in a research report issued on Monday, Zacks.com reports.

Separately, StockNews.com raised TETRA Technologies from a "sell" rating to a "hold" rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $7.00.

TETRA Technologies Stock Down 7.9 %

Shares of TETRA Technologies stock traded down $0.26 during trading on Monday, hitting $3.02. The company's stock had a trading volume of 1,439,569 shares, compared to its average volume of 1,323,816. TETRA Technologies has a 52 week low of $2.68 and a 52 week high of $6.16. The company has a market capitalization of $396.98 million, a PE ratio of 37.75 and a beta of 2.04. The company has a fifty day simple moving average of $3.12 and a two-hundred day simple moving average of $3.53. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.72 and a current ratio of 2.41.

TETRA Technologies (NYSE:TTI - Get Free Report) last announced its earnings results on Wednesday, July 31st. The oil and gas company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.03). TETRA Technologies had a net margin of 1.61% and a return on equity of 18.84%. The business had revenue of $171.94 million for the quarter, compared to the consensus estimate of $180.66 million. Equities research analysts predict that TETRA Technologies will post 0.18 earnings per share for the current year.

Institutional Trading of TETRA Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Stanley Laman Group Ltd. lifted its holdings in shares of TETRA Technologies by 57.9% during 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 purchasing an additional 514,054 shares in the last quarter. Wedge Capital Management L L P NC lifted its stake in TETRA Technologies by 6.9% during the 3rd quarter. Wedge Capital Management L L P NC now owns 297,324 shares of the oil and gas company's stock valued at $922,000 after acquiring an additional 19,109 shares during the period. Inspire Investing LLC boosted its holdings in shares of TETRA Technologies by 30.0% during the 3rd quarter. Inspire Investing LLC now owns 134,046 shares of the oil and gas company's stock valued at $416,000 after acquiring an additional 30,964 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of TETRA Technologies in the third quarter worth approximately $210,000. Finally, Point72 DIFC Ltd raised its holdings in shares of TETRA Technologies by 82.0% during the second quarter. Point72 DIFC Ltd now owns 13,241 shares of the oil and gas company's stock valued at $46,000 after purchasing an additional 5,966 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.