TETRA Technologies (NYSE:TTI) Sees Large Volume Increase - Should You Buy?

TETRA Technologies, Inc. (NYSE:TTI - Get Free Report) saw strong trading volume on Tuesday . 1,657,002 shares traded hands during trading, an increase of 90% from the previous session's volume of 872,191 shares.The stock last traded at $4.40 and had previously closed at $4.12.

Analyst Ratings Changes

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

TETRA Technologies Stock Up 9.7 %

The firm has a market cap of $595.78 million, a PE ratio of 226.11 and a beta of 2.06. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 1.16. The business has a 50-day moving average price of $3.77 and a two-hundred day moving average price of $3.43.

TETRA Technologies (NYSE:TTI - Get Free Report) last posted 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 company had revenue of $141.70 million during the quarter, compared to analysts' expectations of $156.43 million. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. The firm's revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.07 EPS. On average, equities research analysts expect that TETRA Technologies, Inc. will post 0.15 EPS for the current year.

Institutional Investors Weigh In On TETRA Technologies

Several large investors have recently modified their holdings of TTI. Dimensional Fund Advisors LP increased its holdings in shares of TETRA Technologies by 3.2% in the second 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 purchasing an additional 96,898 shares during the period. Geode Capital Management LLC increased its stake in TETRA Technologies by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,728,035 shares of the oil and gas company's stock valued at $8,458,000 after buying an additional 17,802 shares during the period. Huber Capital Management LLC increased its stake in TETRA Technologies by 5.1% in the 2nd quarter. Huber Capital Management LLC now owns 1,945,586 shares of the oil and gas company's stock valued at $6,732,000 after buying an additional 95,096 shares during the period. Masters Capital Management LLC raised its position in TETRA Technologies by 70.0% during the 2nd 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. Finally, Stanley Laman Group Ltd. lifted its stake in shares of TETRA Technologies by 57.9% in the 3rd quarter. Stanley Laman Group Ltd. now owns 1,401,932 shares of the oil and gas company's stock worth $4,346,000 after acquiring an additional 514,054 shares during the period. 70.19% of the stock is owned by institutional investors and hedge funds.

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.