TETRA Technologies, Inc. (NYSE:TTI) Stock Holdings Lifted by Stifel Financial Corp

Stifel Financial Corp raised its holdings in shares of TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 224.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 702,895 shares of the oil and gas company's stock after purchasing an additional 486,456 shares during the quarter. Stifel Financial Corp owned 0.53% of TETRA Technologies worth $2,516,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. KLCM Advisors Inc. bought a new position in TETRA Technologies during the 4th quarter valued at $36,000. HighTower Advisors LLC bought a new position in shares of TETRA Technologies during the fourth quarter worth about $39,000. Cibc World Markets Corp acquired a new position in TETRA Technologies in the fourth quarter worth about $42,000. M&T Bank Corp bought a new stake in TETRA Technologies in the fourth quarter valued at about $53,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in TETRA Technologies during the fourth quarter valued at approximately $63,000. 70.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus lowered their price target on TETRA Technologies from $7.00 to $6.50 and set a "buy" rating for the company in a report on Tuesday, April 15th. StockNews.com upgraded TETRA Technologies from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Finally, D. Boral Capital decreased their price target on TETRA Technologies from $5.50 to $4.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $6.17.

TETRA Technologies Price Performance

NYSE:TTI traded up $0.10 during midday trading on Wednesday, hitting $2.83. 2,675,837 shares of the stock were exchanged, compared to its average volume of 1,225,284. The business has a 50-day moving average price of $2.95 and a two-hundred day moving average price of $3.58. The company has a current ratio of 2.33, a quick ratio of 1.51 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $376.60 million, a price-to-earnings ratio of 141.57 and a beta of 1.31. TETRA Technologies, Inc. has a one year low of $2.03 and a one year high of $5.12.

TETRA Technologies (NYSE:TTI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The oil and gas company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. The business had revenue of $157.14 million during the quarter, compared to analyst estimates of $160.52 million. Sell-side analysts predict that TETRA Technologies, Inc. will post 0.15 EPS for the current year.

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.