TETRA Technologies (NYSE:TTI) Trading Down 5.5% - Should You Sell?

TETRA Technologies, Inc. (NYSE:TTI - Get Free Report)'s share price dropped 5.5% during mid-day trading on Wednesday . The stock traded as low as $3.60 and last traded at $3.88. Approximately 527,548 shares traded hands during trading, a decline of 54% from the average daily volume of 1,135,691 shares. The stock had previously closed at $4.10.

Analysts Set New Price Targets

Separately, D. Boral Capital restated a "buy" rating and set a $5.50 target price on shares of TETRA Technologies in a research report on Thursday.

TETRA Technologies Price Performance

The company has a market capitalization of $499.56 million, a price-to-earnings ratio of 189.59 and a beta of 2.04. The company has a 50-day moving average price of $4.17 and a 200-day moving average price of $3.65. 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 (NYSE:TTI - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. The business had revenue of $134.50 million for the quarter, compared to analysts' expectations of $138.96 million. On average, equities research analysts expect that TETRA Technologies, Inc. will post 0.15 EPS for the current fiscal year.

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Hedge Funds Weigh In On TETRA Technologies

Several institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in shares of TETRA Technologies by 7.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,259,133 shares of the oil and gas company's stock valued at $11,667,000 after purchasing an additional 239,052 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of TETRA Technologies by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 2,741,804 shares of the oil and gas company's stock valued at $9,818,000 after purchasing an additional 13,769 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of TETRA Technologies by 36.3% during the 4th quarter. American Century Companies Inc. now owns 1,734,653 shares of the oil and gas company's stock valued at $6,210,000 after purchasing an additional 462,213 shares in the last quarter. WealthTrust Axiom LLC lifted its holdings in shares of TETRA Technologies by 4.0% during the 4th quarter. WealthTrust Axiom LLC now owns 1,697,050 shares of the oil and gas company's stock valued at $6,075,000 after purchasing an additional 64,824 shares in the last quarter. Finally, HITE Hedge Asset Management LLC lifted its stake in TETRA Technologies by 32.7% in the 4th quarter. HITE Hedge Asset Management LLC now owns 1,681,509 shares of the oil and gas company's stock valued at $6,020,000 after acquiring an additional 414,640 shares in the last quarter. Institutional investors own 70.19% of the company's stock.

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.