TETRA Technologies Target of Unusually High Options Trading (NYSE:TTI)

TETRA Technologies, Inc. (NYSE:TTI - Get Free Report) was the target of unusually large options trading activity on Thursday. Investors purchased 2,780 call options on the company. This is an increase of approximately 376% compared to the typical daily volume of 584 call options.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TTI shares. Stifel Nicolaus dropped their target price on shares of TETRA Technologies from $7.00 to $6.50 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Wall Street Zen lowered shares of TETRA Technologies from a "buy" rating to a "hold" rating in a report on Friday, May 9th. Finally, D. Boral Capital lowered their price target on shares of TETRA Technologies from $5.50 to $4.00 and set a "buy" rating on the stock in a report on Thursday, May 1st.

TETRA Technologies Stock Performance

TETRA Technologies stock traded down $0.11 on Friday, hitting $3.49. The company's stock had a trading volume of 1,514,974 shares, compared to its average volume of 1,228,035. The firm has a market cap of $463.76 million, a P/E ratio of 174.34 and a beta of 1.36. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 1.16. The company has a fifty day moving average price of $2.76 and a 200-day moving average price of $3.46. TETRA Technologies has a one year low of $2.03 and a one year high of $5.12.

TETRA Technologies (NYSE:TTI - Get Free Report) last issued its earnings results on Tuesday, April 29th. The oil and gas company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. The company had revenue of $157.14 million for the quarter, compared to the consensus estimate of $160.52 million. On average, equities analysts anticipate that TETRA Technologies will post 0.15 earnings per share for the current year.

Institutional Investors Weigh In On TETRA Technologies

Several institutional investors and hedge funds have recently made changes to their positions in TTI. Brightline Capital Management LLC acquired a new stake in shares of TETRA Technologies in the 1st quarter valued at $8,921,000. American Century Companies Inc. boosted its stake in shares of TETRA Technologies by 49.9% in the 1st quarter. American Century Companies Inc. now owns 2,599,446 shares of the oil and gas company's stock valued at $8,734,000 after purchasing an additional 864,793 shares in the last quarter. Royce & Associates LP acquired a new stake in shares of TETRA Technologies in the 1st quarter valued at $2,701,000. Icon Advisers Inc. Co. acquired a new stake in shares of TETRA Technologies in the 4th quarter valued at $2,377,000. Finally, Stifel Financial Corp boosted its stake in shares of TETRA Technologies by 224.8% in the 4th quarter. Stifel Financial Corp now owns 702,895 shares of the oil and gas company's stock valued at $2,516,000 after purchasing an additional 486,456 shares in the last quarter. Institutional investors and hedge funds own 70.19% of the company's stock.

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.