TETRA Technologies, Inc. (NYSE:TTI) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp raised its holdings in TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 703.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 216,439 shares of the oil and gas company's stock after acquiring an additional 189,484 shares during the quarter. Stifel Financial Corp owned 0.16% of TETRA Technologies worth $671,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its holdings in shares of TETRA Technologies by 9.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 495,239 shares of the oil and gas company's stock worth $1,714,000 after acquiring an additional 42,206 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of TETRA Technologies during the 2nd quarter worth $162,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of TETRA Technologies by 27.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,812 shares of the oil and gas company's stock worth $124,000 after buying an additional 7,784 shares in the last quarter. Panagora Asset Management Inc. grew its stake in TETRA Technologies by 7.9% in the 2nd quarter. Panagora Asset Management Inc. now owns 871,388 shares of the oil and gas company's stock valued at $3,015,000 after acquiring an additional 63,698 shares during the last quarter. Finally, nVerses Capital LLC acquired a new stake in TETRA Technologies in the 2nd quarter valued at about $53,000. 70.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TTI. D. Boral Capital reiterated a "buy" rating and issued a $5.50 price target on shares of TETRA Technologies in a research report on Tuesday, December 17th. StockNews.com upgraded TETRA Technologies from a "sell" rating to a "hold" rating in a report on Wednesday, October 30th. Finally, EF Hutton Acquisition Co. I raised TETRA Technologies to a "strong-buy" rating in a research report on Monday, October 21st. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, TETRA Technologies has an average rating of "Buy" and an average target price of $6.50.

TETRA Technologies Trading Up 1.4 %

TTI traded up $0.05 during midday trading on Thursday, hitting $3.53. The company's stock had a trading volume of 579,824 shares, compared to its average volume of 1,273,683. TETRA Technologies, Inc. has a 52-week low of $2.68 and a 52-week high of $5.08. The firm has a 50-day moving average price of $3.61 and a two-hundred day moving average price of $3.38. The company has a current ratio of 2.33, a quick ratio of 1.51 and a debt-to-equity ratio of 1.16. The firm has a market cap of $465.29 million, a P/E ratio of 176.59 and a beta of 2.10.

TETRA Technologies (NYSE:TTI - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. The firm had revenue of $141.70 million during the quarter, compared to analyst estimates of $156.43 million. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. TETRA Technologies's revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.07 earnings per share. On average, research analysts anticipate 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.