TETRA Technologies (NYSE:TTI) Trading 7.4% Higher - Should You Buy?

Shares of TETRA Technologies, Inc. (NYSE:TTI - Get Free Report) were up 7.4% during mid-day trading on Thursday . The stock traded as high as $3.81 and last traded at $3.79. Approximately 862,446 shares traded hands during trading, a decline of 18% from the average daily volume of 1,049,842 shares. The stock had previously closed at $3.53.

Analyst Ratings Changes

Separately, D. Boral Capital reaffirmed a "buy" rating and set a $5.50 price objective on shares of TETRA Technologies in a report on Wednesday, March 26th.

TETRA Technologies Trading Down 7.1 %

The company has a market cap of $444.18 million, a PE ratio of 167.83 and a beta of 2.04. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.33 and a quick ratio of 1.51. The firm's 50 day moving average is $3.98 and its 200 day moving average is $3.70.

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

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Hedge Funds Weigh In On TETRA Technologies

A number of institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in shares of TETRA Technologies by 7.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,259,133 shares of the oil and gas company's stock worth $11,667,000 after acquiring an additional 239,052 shares in the last quarter. Geode Capital Management LLC lifted its position in 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 acquiring an additional 13,769 shares during the period. American Century Companies Inc. boosted its stake in TETRA Technologies by 36.3% during the fourth quarter. American Century Companies Inc. now owns 1,734,653 shares of the oil and gas company's stock worth $6,210,000 after acquiring an additional 462,213 shares in the last quarter. WealthTrust Axiom LLC increased its stake in shares of TETRA Technologies by 4.0% during the fourth 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 grew its stake in shares of 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 worth $6,020,000 after buying an additional 414,640 shares during the last quarter. 70.19% of the stock is owned by institutional investors.

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.