TETRA Technologies, Inc. (NYSE:TTI) Short Interest Update

TETRA Technologies, Inc. (NYSE:TTI - Get Free Report) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 3,640,000 shares, a growth of 18.2% from the March 15th total of 3,080,000 shares. Approximately 2.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,190,000 shares, the days-to-cover ratio is presently 3.1 days.

Institutional Trading of TETRA Technologies

Several institutional investors have recently modified their holdings of TTI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in TETRA Technologies by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,839 shares of the oil and gas company's stock worth $257,000 after buying an additional 3,124 shares during the period. Diversified Trust Co raised its position in shares of TETRA Technologies by 10.3% during the first quarter. Diversified Trust Co now owns 43,565 shares of the oil and gas company's stock worth $146,000 after acquiring an additional 4,058 shares during the last quarter. Byrne Asset Management LLC lifted its stake in shares of TETRA Technologies by 67.9% in the first quarter. Byrne Asset Management LLC now owns 15,277 shares of the oil and gas company's stock worth $51,000 after acquiring an additional 6,177 shares during the period. Stoneridge Investment Partners LLC boosted its holdings in TETRA Technologies by 23.1% in the fourth quarter. Stoneridge Investment Partners LLC now owns 35,674 shares of the oil and gas company's stock valued at $128,000 after acquiring an additional 6,684 shares during the last quarter. Finally, FMR LLC increased its position in TETRA Technologies by 75.0% during the 3rd quarter. FMR LLC now owns 18,858 shares of the oil and gas company's stock valued at $58,000 after purchasing an additional 8,084 shares during the period. Institutional investors own 70.19% of the company's stock.

TETRA Technologies Trading Up 2.7 %

TETRA Technologies stock traded up $0.07 during trading hours on Friday, hitting $2.69. The stock had a trading volume of 1,138,160 shares, compared to its average volume of 1,226,142. The business's 50 day simple moving average is $3.15 and its 200-day simple moving average is $3.61. TETRA Technologies has a one year low of $2.03 and a one year high of $5.12. The stock has a market cap of $356.14 million, a price-to-earnings ratio of 134.57 and a beta of 1.54. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 1.16.

TETRA Technologies (NYSE:TTI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported $0.03 earnings per share (EPS) 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 business had revenue of $134.50 million during the quarter, compared to analyst estimates of $138.96 million. On average, equities analysts predict that TETRA Technologies will post 0.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TTI. D. Boral Capital reiterated a "buy" rating and issued a $5.50 target price on shares of TETRA Technologies in a research report on Wednesday, March 26th. Stifel Nicolaus lowered their price objective on shares of TETRA Technologies from $7.00 to $6.50 and set a "buy" rating for the company in a research report on Tuesday, April 15th. One investment 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, TETRA Technologies has a consensus rating of "Buy" and a consensus target price of $6.67.

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.