Tetra Technologies (NYSE:TTI) Stock Crosses Above 200-Day Moving Average - What's Next?

Tetra Technologies, Inc. (NYSE:TTI - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.44 and traded as high as $3.65. Tetra Technologies shares last traded at $3.64, with a volume of 1,575,896 shares.

Analyst Upgrades and Downgrades

TTI has been the subject of a number of research reports. Wall Street Zen lowered shares of Tetra Technologies from a "buy" rating to a "hold" rating in a report on Friday, May 9th. Stifel Nicolaus dropped their target price on shares of Tetra Technologies from $7.00 to $6.50 and set a "buy" rating for the company in a report on Tuesday, April 15th. Finally, D. Boral Capital dropped their target price on shares of Tetra Technologies from $5.50 to $4.00 and set a "buy" rating for the company in a report on Thursday, May 1st.

Tetra Technologies Stock Down 0.8%

The business's 50 day moving average price is $3.15 and its 200-day moving average price is $3.44. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.61 and a current ratio of 2.54. The firm has a market capitalization of $477.73 million, a PE ratio of 4.27 and a beta of 1.37.

Tetra Technologies (NYSE:TTI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The oil and gas company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.03. Tetra Technologies had a return on equity of 14.49% and a net margin of 18.41%. The business had revenue of $157.14 million during the quarter, compared to analysts' expectations of $160.52 million. As a group, equities research analysts forecast that Tetra Technologies, Inc. will post 0.15 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TTI. Dimensional Fund Advisors LP boosted its position in Tetra Technologies by 7.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,259,133 shares of the oil and gas company's stock valued at $11,667,000 after buying an additional 239,052 shares during the period. Geode Capital Management LLC boosted its position in Tetra Technologies by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 2,741,804 shares of the oil and gas company's stock valued at $9,818,000 after buying an additional 13,769 shares during the period. Brightline Capital Management LLC purchased a new position in Tetra Technologies in the 1st quarter valued at approximately $8,921,000. American Century Companies Inc. boosted its position in 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 buying an additional 864,793 shares during the period. Finally, WealthTrust Axiom LLC boosted its position in Tetra Technologies by 4.0% in the 4th quarter. WealthTrust Axiom LLC now owns 1,697,050 shares of the oil and gas company's stock valued at $6,075,000 after buying an additional 64,824 shares during the period. 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.