TETRA Technologies (NYSE:TTI) Shares Gap Up – Should You Buy?

TETRA Technologies, Inc. (NYSE:TTI)’s share 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 changing hands.

Wall Street Analyst Weigh In

Several brokerages recently commented on TTI. StockNews.com raised shares of TETRA Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. D. Boral Capital reiterated a “buy” rating and issued a $5.50 target price on shares of TETRA Technologies in a report on Wednesday, January 8th.

TETRA Technologies Stock Down 6.8 %

The firm’s 50-day moving average price is $4.15 and its 200-day moving average price is $3.64. 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 company has a market cap of $503.65 million, a price-to-earnings ratio of 192.55 and a beta of 2.04.

TETRA Technologies (NYSE:TTI) last issued its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. Sell-side analysts forecast that TETRA Technologies, Inc. will post 0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TETRA Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of TTI. Jacobs Levy Equity Management Inc. acquired a new position in shares of TETRA Technologies during the third quarter worth $2,546,000. Icon Advisers Inc. Co. purchased a new stake in TETRA Technologies during the 4th quarter worth $2,377,000. Stifel Financial Corp increased its stake in TETRA Technologies by 224.8% during the 4th quarter. Stifel Financial Corp now owns 702,895 shares of the oil and gas company’s stock worth $2,516,000 after buying an additional 486,456 shares during the period. American Century Companies Inc. lifted its holdings in TETRA Technologies by 36.3% in the 4th quarter. American Century Companies Inc. now owns 1,734,653 shares of the oil and gas company’s stock worth $6,210,000 after buying an additional 462,213 shares in the last quarter. Finally, HITE Hedge Asset Management LLC boosted its position 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 buying an additional 414,640 shares during the last quarter. Hedge funds and other institutional investors 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.