Barclays PLC Has $650,000 Stock Position in TETRA Technologies, Inc. (NYSE:TTI)

Barclays PLC boosted its position in TETRA Technologies, Inc. (NYSE:TTI) by 369.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 209,873 shares of the oil and gas company’s stock after buying an additional 165,184 shares during the quarter. Barclays PLC owned approximately 0.16% of TETRA Technologies worth $650,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. raised its stake in TETRA Technologies by 153.8% during the 2nd quarter. American Century Companies Inc. now owns 883,431 shares of the oil and gas company’s stock valued at $3,057,000 after purchasing an additional 535,413 shares during the last quarter. Walleye Capital LLC acquired a new position in shares of TETRA Technologies during the third quarter valued at about $418,000. Stanley Laman Group Ltd. lifted its stake in shares of TETRA Technologies by 57.9% in the third quarter. Stanley Laman Group Ltd. now owns 1,401,932 shares of the oil and gas company’s stock valued at $4,346,000 after buying an additional 514,054 shares during the period. HITE Hedge Asset Management LLC acquired a new stake in TETRA Technologies during the second quarter worth about $4,368,000. Finally, Pullen Investment Management LLC bought a new position in TETRA Technologies during the third quarter valued at about $766,000. Institutional investors own 70.19% of the company’s stock.

TETRA Technologies Stock Performance

Shares of TETRA Technologies stock opened at $3.58 on Thursday. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.33 and a quick ratio of 1.51. The firm has a market cap of $471.88 million, a price-to-earnings ratio of 179.09 and a beta of 2.10. TETRA Technologies, Inc. has a one year low of $2.68 and a one year high of $5.08. The stock’s 50-day moving average is $3.64 and its 200-day moving average is $3.39.

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

Wall Street Analyst Weigh In

TTI has been the topic of several recent research reports. D. Boral Capital reissued a “buy” rating and set a $5.50 price objective on shares of TETRA Technologies in a report on Tuesday, December 17th. EF Hutton Acquisition Co. I upgraded shares of TETRA Technologies to a “strong-buy” rating in a research note on Monday, October 21st. Finally, StockNews.com upgraded shares of TETRA Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, TETRA Technologies currently has a consensus rating of “Buy” and an average price target of $6.50.

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.