TETRA Technologies (NYSE:TTI) Upgraded by EF Hutton Acquisition Co. I to Strong-Buy

EF Hutton Acquisition Co. I upgraded shares of TETRA Technologies (NYSE:TTI) to a strong-buy rating in a research note issued to investors on Monday morning, Zacks.com reports.

Separately, StockNews.com raised TETRA Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, TETRA Technologies presently has a consensus rating of “Buy” and a consensus price target of $7.00.

TETRA Technologies Stock Up 1.0 %

TTI opened at $2.99 on Monday. The business has a 50 day moving average price of $3.12 and a two-hundred day moving average price of $3.52. The company has a quick ratio of 1.72, a current ratio of 2.41 and a debt-to-equity ratio of 1.17. The company has a market cap of $393.04 million, a PE ratio of 37.38 and a beta of 2.04. TETRA Technologies has a 52 week low of $2.68 and a 52 week high of $6.05.

TETRA Technologies (NYSE:TTI) last posted its quarterly earnings data on Wednesday, July 31st. The oil and gas company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.03). The company had revenue of $171.94 million for the quarter, compared to analysts’ expectations of $180.66 million. TETRA Technologies had a net margin of 1.61% and a return on equity of 18.84%. As a group, research analysts anticipate that TETRA Technologies will post 0.18 EPS for the current year.

Hedge Funds Weigh In On TETRA Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its position in TETRA Technologies by 168.1% during the 1st quarter. BNP Paribas Financial Markets now owns 250,888 shares of the oil and gas company’s stock worth $1,111,000 after purchasing an additional 157,295 shares during the period. American Century Companies Inc. grew its holdings in shares of TETRA Technologies by 153.8% in the 2nd quarter. American Century Companies Inc. now owns 883,431 shares of the oil and gas company’s stock worth $3,057,000 after acquiring an additional 535,413 shares during the period. Stanley Laman Group Ltd. grew its holdings in shares of TETRA Technologies by 57.9% in the 3rd quarter. Stanley Laman Group Ltd. now owns 1,401,932 shares of the oil and gas company’s stock worth $4,346,000 after acquiring an additional 514,054 shares during the period. HITE Hedge Asset Management LLC acquired a new stake in shares of TETRA Technologies in the 2nd quarter worth approximately $4,368,000. Finally, Norden Group LLC acquired a new stake in shares of TETRA Technologies in the 1st quarter worth approximately $83,000. Institutional investors and hedge funds 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.