HITE Hedge Asset Management LLC Has $3.93 Million Stock Holdings in TETRA Technologies, Inc. (NYSE:TTI)

HITE Hedge Asset Management LLC boosted its holdings in shares of TETRA Technologies, Inc. (NYSE:TTI) by 0.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,266,869 shares of the oil and gas company’s stock after purchasing an additional 4,393 shares during the period. HITE Hedge Asset Management LLC owned about 0.96% of TETRA Technologies worth $3,927,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Balboa Wealth Partners purchased a new position in TETRA Technologies in the third quarter valued at about $33,000. Townsquare Capital LLC purchased a new stake in shares of TETRA Technologies during the 3rd quarter valued at about $36,000. Point72 DIFC Ltd lifted its holdings in TETRA Technologies by 82.0% during the second quarter. Point72 DIFC Ltd now owns 13,241 shares of the oil and gas company’s stock valued at $46,000 after purchasing an additional 5,966 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of TETRA Technologies during the second quarter valued at approximately $53,000. Finally, US Bancorp DE boosted its stake in TETRA Technologies by 2,038.0% during the third quarter. US Bancorp DE now owns 17,703 shares of the oil and gas company’s stock worth $55,000 after buying an additional 16,875 shares during the period. Institutional investors and hedge funds own 70.19% of the company’s stock.

TETRA Technologies Stock Performance

TETRA Technologies stock opened at $3.87 on Tuesday. TETRA Technologies, Inc. has a twelve month low of $2.68 and a twelve month high of $5.08. 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 fifty day simple moving average of $3.47 and a two-hundred day simple moving average of $3.39. The company has a market capitalization of $509.45 million, a PE ratio of 193.35 and a beta of 2.10.

TETRA Technologies (NYSE:TTI) last announced its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $0.03 EPS for the quarter, meeting the consensus estimate 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 $141.70 million during the quarter, compared to analysts’ expectations of $156.43 million. During the same period in the previous year, the business posted $0.07 EPS. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. Research analysts expect that TETRA Technologies, Inc. will post 0.15 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on TTI. StockNews.com raised TETRA Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. EF Hutton Acquisition Co. I upgraded TETRA Technologies to a “strong-buy” rating in a report on Monday, October 21st.

TETRA Technologies 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.