EF Hutton Acquisition Co. I Upgrades TETRA Technologies (NYSE:TTI) to “Strong-Buy”

TETRA Technologies (NYSE:TTI) was upgraded by equities research analysts at EF Hutton Acquisition Co. I to a “strong-buy” rating in a report issued on Monday, Zacks.com reports.

Separately, StockNews.com raised TETRA Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $7.00.

TETRA Technologies Stock Performance

NYSE:TTI opened at $3.02 on Monday. TETRA Technologies has a 52 week low of $2.68 and a 52 week high of $6.16. The company has a fifty day simple moving average of $3.12 and a two-hundred day simple moving average of $3.53. 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 $396.98 million, a price-to-earnings ratio of 37.75 and a beta of 2.04.

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

Institutional Trading of TETRA Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in TETRA Technologies by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 7,609,375 shares of the oil and gas company’s stock valued at $33,710,000 after purchasing an additional 89,099 shares during the period. Gendell Jeffrey L lifted its position in TETRA Technologies by 5.5% in the first quarter. Gendell Jeffrey L now owns 4,811,224 shares of the oil and gas company’s stock worth $21,314,000 after purchasing an additional 252,632 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of TETRA Technologies by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,129,181 shares of the oil and gas company’s stock valued at $10,827,000 after buying an additional 96,898 shares during the period. Huber Capital Management LLC grew its stake in shares of TETRA Technologies by 5.1% in the 2nd quarter. Huber Capital Management LLC now owns 1,945,586 shares of the oil and gas company’s stock worth $6,732,000 after purchasing an additional 95,096 shares during the last quarter. Finally, Masters Capital Management LLC lifted its stake in TETRA Technologies by 70.0% during the second quarter. Masters Capital Management LLC now owns 1,700,000 shares of the oil and gas company’s stock valued at $5,882,000 after purchasing an additional 700,000 shares during the last quarter. 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.