TETRA Technologies (NYSE:TTI) Shares Gap Up - Here's Why

TETRA Technologies, Inc. (NYSE:TTI - Get Free Report)'s stock price gapped up prior to trading on Monday . The stock had previously closed at $4.20, but opened at $4.36. TETRA Technologies shares last traded at $4.25, with a volume of 176,315 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages have commented on TTI. StockNews.com upgraded shares of TETRA Technologies from a "sell" rating to a "hold" rating in a research note on Wednesday, October 30th. D. Boral Capital restated a "buy" rating and issued a $5.50 price target on shares of TETRA Technologies in a research note on Thursday.

TETRA Technologies Stock Down 2.7 %

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 firm has a market cap of $504.17 million, a price-to-earnings ratio of 191.35 and a beta of 2.04. The stock's 50 day moving average is $4.17 and its 200 day moving average is $3.64.

TETRA Technologies (NYSE:TTI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported $0.03 EPS for the quarter, meeting analysts' consensus estimates of $0.03. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. The business had revenue of $134.50 million for the quarter, compared to analyst estimates of $138.96 million. Analysts forecast that TETRA Technologies, Inc. will post 0.15 EPS for the current year.

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Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TTI. Balboa Wealth Partners bought a new stake in TETRA Technologies during the third quarter worth approximately $33,000. Townsquare Capital LLC bought a new stake in TETRA Technologies during the third quarter worth approximately $36,000. KLCM Advisors Inc. bought a new stake in TETRA Technologies during the fourth quarter worth approximately $36,000. HighTower Advisors LLC bought a new stake in TETRA Technologies during the fourth quarter worth approximately $39,000. Finally, Aquatic Capital Management LLC bought a new stake in TETRA Technologies during the fourth quarter worth approximately $40,000. Institutional investors and hedge funds 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.