TETRA Technologies (NYSE:TTI) Shares Gap Up to $3.90 – Defense World
Posted by admin on Jun 26th, 2022 
TETRA Technologies, Inc. (NYSE:TTI – Get Rating) gapped up before the market opened on Friday . The stock had previously closed at $3.90, but opened at $4.06. TETRA Technologies shares last traded at $4.06, with a volume of 14,051 shares.
Several research firms have recently weighed in on TTI. Johnson Rice upgraded TETRA Technologies from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a report on Friday. StockNews.com began coverage on TETRA Technologies in a report on Thursday, March 31st. They set a “hold” rating on the stock.
The company has a fifty day moving average of $4.52 and a 200 day moving average of $3.66. The firm has a market capitalization of $532.51 million, a P/E ratio of 208.60 and a beta of 2.84. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.24 and a quick ratio of 1.57.
TETRA Technologies (NYSE:TTI – Get Rating) last announced its earnings results on Monday, May 2nd. The oil and gas company reported $0.06 EPS for the quarter. TETRA Technologies had a return on equity of 6.51% and a net margin of 0.53%. The business had revenue of $130.04 million for the quarter, compared to analysts’ expectations of $111.50 million. During the same period in the prior year, the business posted ($0.04) earnings per share. On average, sell-side analysts forecast that TETRA Technologies, Inc. will post 0.2 EPS for the current year.
Hedge funds have recently made changes to their positions in the stock. Covestor Ltd bought a new stake in TETRA Technologies in the first quarter valued at approximately $31,000. Sciencast Management LP bought a new position in shares of TETRA Technologies during the 1st quarter worth approximately $42,000. Citigroup Inc. boosted its holdings in shares of TETRA Technologies by 139.4% during the 3rd quarter. Citigroup Inc. now owns 13,983 shares of the oil and gas company’s stock worth $44,000 after buying an additional 8,142 shares in the last quarter. Saltoro Capital LP bought a new position in shares of TETRA Technologies during the 4th quarter worth approximately $53,000. Finally, Point72 Hong Kong Ltd boosted its holdings in shares of TETRA Technologies by 506.1% during the 1st quarter. Point72 Hong Kong Ltd now owns 13,662 shares of the oil and gas company’s stock worth $56,000 after buying an additional 11,408 shares in the last quarter. Institutional investors and hedge funds own 66.12% of the company’s stock.
About TETRA Technologies (NYSE:TTI)
TETRA Technologies, Inc, together with its subsidiaries, operates as a diversified oil and gas services company. It operates through Completion Fluids & Products Division and Water & Flowback Services segments. 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.
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