Barclays PLC Grows Stock Position in TETRA Technologies, Inc. (NYSE:TTI)

Barclays PLC grew its holdings in TETRA Technologies, Inc. (NYSE:TTI) by 369.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 209,873 shares of the oil and gas company’s stock after acquiring an additional 165,184 shares during the quarter. Barclays PLC owned 0.16% of TETRA Technologies worth $650,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TTI. The Manufacturers Life Insurance Company grew its stake in TETRA Technologies by 8.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,085 shares of the oil and gas company’s stock valued at $170,000 after purchasing an additional 3,792 shares during the last quarter. HITE Hedge Asset Management LLC boosted its position in TETRA Technologies by 0.3% in the third quarter. HITE Hedge Asset Management LLC now owns 1,266,869 shares of the oil and gas company’s stock valued at $3,927,000 after buying an additional 4,393 shares during the last quarter. Point72 DIFC Ltd increased its holdings in TETRA Technologies by 82.0% in the 2nd quarter. Point72 DIFC Ltd now owns 13,241 shares of the oil and gas company’s stock worth $46,000 after buying an additional 5,966 shares during the period. FMR LLC increased its holdings in TETRA Technologies by 75.0% in the 3rd quarter. FMR LLC now owns 18,858 shares of the oil and gas company’s stock worth $58,000 after buying an additional 8,084 shares during the period. Finally, Foundry Partners LLC raised its position in TETRA Technologies by 1.0% during the 3rd quarter. Foundry Partners LLC now owns 989,665 shares of the oil and gas company’s stock worth $3,068,000 after buying an additional 9,400 shares during the last quarter. Hedge funds and other institutional investors own 70.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TTI. EF Hutton Acquisition Co. I upgraded shares of TETRA Technologies to a “strong-buy” rating in a research note on Monday, October 21st. StockNews.com raised TETRA Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, D. Boral Capital reissued a “buy” rating and issued a $5.50 price objective on shares of TETRA Technologies in a report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $6.50.

TETRA Technologies Stock Performance

TTI opened at $4.98 on Friday. The firm has a fifty day moving average price of $3.79 and a 200 day moving average price of $3.44. TETRA Technologies, Inc. has a 1 year low of $2.68 and a 1 year high of $5.08. The stock has a market cap of $655.75 million, a P/E ratio of 248.87 and a beta of 2.06. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.33 and a quick ratio of 1.51.

TETRA Technologies (NYSE:TTI) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. The company had revenue of $141.70 million during the quarter, compared to analysts’ expectations of $156.43 million. During the same quarter in the previous year, the company earned $0.07 earnings per share. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. Equities research analysts anticipate that TETRA Technologies, Inc. will post 0.15 earnings per share for the current year.

About TETRA Technologies

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.