TETRA Technologies (NYSE:TTI) Shares Gap Up to $3.95 – Defense World
Posted by admin on Aug 20th, 2022 
Shares of TETRA Technologies, Inc. (NYSE:TTI – Get Rating) gapped up prior to trading on Thursday . The stock had previously closed at $3.95, but opened at $4.08. TETRA Technologies shares last traded at $4.10, with a volume of 3,911 shares.
Several analysts have commented on the stock. Evercore ISI boosted their target price on shares of TETRA Technologies to $6.00 in a research report on Monday, August 15th. Johnson Rice raised shares of TETRA Technologies from a “hold” rating to a “buy” rating and set a $7.00 target price for the company in a research report on Friday, June 24th.
The stock’s 50 day moving average price is $4.05 and its two-hundred day moving average price is $3.95. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.04 and a quick ratio of 1.47. The firm has a market capitalization of $506.61 million, a price-to-earnings ratio of 49.38 and a beta of 2.71.
TETRA Technologies (NYSE:TTI – Get Rating) last released its earnings results on Monday, August 1st. The oil and gas company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. TETRA Technologies had a net margin of 2.26% and a return on equity of 14.72%. During the same quarter in the previous year, the company posted ($0.02) earnings per share. On average, equities research analysts anticipate that TETRA Technologies, Inc. will post 0.22 EPS for the current year.
Several large investors have recently bought and sold shares of TTI. Allspring Global Investments Holdings LLC acquired a new position in TETRA Technologies during the 4th quarter valued at $870,000. American Century Companies Inc. raised its stake in TETRA Technologies by 51.3% during the 4th quarter. American Century Companies Inc. now owns 460,875 shares of the oil and gas company’s stock valued at $1,309,000 after purchasing an additional 156,212 shares during the last quarter. Victory Capital Management Inc. increased its holdings in TETRA Technologies by 24.6% in the 4th quarter. Victory Capital Management Inc. now owns 2,259,066 shares of the oil and gas company’s stock valued at $6,416,000 after buying an additional 445,479 shares during the period. ProShare Advisors LLC increased its holdings in TETRA Technologies by 70.5% in the 4th quarter. ProShare Advisors LLC now owns 26,814 shares of the oil and gas company’s stock valued at $76,000 after buying an additional 11,088 shares during the period. Finally, Marathon Capital Management increased its holdings in TETRA Technologies by 0.6% in the 4th quarter. Marathon Capital Management now owns 1,705,185 shares of the oil and gas company’s stock valued at $4,843,000 after buying an additional 10,000 shares during the period. 66.12% of the stock is currently owned by institutional investors and hedge funds.
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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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