JPMorgan Chase & Co. Has $1.58 Million Stock Holdings in TETRA Technologies, Inc. (NYSE:TTI)

JPMorgan Chase & Co. lifted its holdings in TETRA Technologies, Inc. (NYSE:TTI) by 233.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 510,705 shares of the oil and gas company’s stock after buying an additional 357,455 shares during the period. JPMorgan Chase & Co. owned about 0.39% of TETRA Technologies worth $1,583,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Balboa Wealth Partners acquired a new stake in shares of TETRA Technologies in the third quarter worth $33,000. Townsquare Capital LLC acquired a new stake in shares of TETRA Technologies in the third quarter worth $36,000. Point72 DIFC Ltd boosted its position in shares of TETRA Technologies by 82.0% in the second 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. US Bancorp DE boosted its position in shares of TETRA Technologies by 2,038.0% in 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. Finally, FMR LLC raised its holdings in shares of TETRA Technologies by 75.0% during the third quarter. FMR LLC now owns 18,858 shares of the oil and gas company’s stock worth $58,000 after acquiring an additional 8,084 shares in the last quarter. Institutional investors and hedge funds own 70.19% of the company’s stock.

TETRA Technologies Price Performance

NYSE TTI opened at $4.67 on Friday. TETRA Technologies, Inc. has a fifty-two week low of $2.68 and a fifty-two week high of $5.12. The stock’s 50-day moving average is $3.90 and its two-hundred day moving average is $3.49. 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 $614.89 million, a P/E ratio of 233.37 and a beta of 2.06.

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. D. Boral Capital reiterated a “buy” rating and set a $5.50 price objective on shares of TETRA Technologies in a report on Wednesday, January 8th. EF Hutton Acquisition Co. I upgraded TETRA Technologies to a “strong-buy” rating in a report on Monday, October 21st. Finally, StockNews.com upgraded TETRA Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus 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.