Tetra Technologies (NYSE:TTI) Shares Up 9.3% - Time to Buy?

Tetra Technologies, Inc. (NYSE:TTI - Get Free Report)'s stock price rose 9.3% during trading on Tuesday . The company traded as high as $3.86 and last traded at $3.88. Approximately 269,951 shares changed hands during trading, a decline of 78% from the average daily volume of 1,229,293 shares. The stock had previously closed at $3.55.

Analysts Set New Price Targets

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

Tetra Technologies Trading Down 2.0%

The company has a market cap of $487.70 million, a PE ratio of 4.36 and a beta of 1.35. The business has a 50 day simple moving average of $2.90 and a two-hundred day simple moving average of $3.46. The company has a current ratio of 2.54, a quick ratio of 1.61 and a debt-to-equity ratio of 0.66.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. HighTower Advisors LLC purchased a new position in shares of Tetra Technologies in the 4th quarter worth $39,000. Aquatic Capital Management LLC purchased a new position in shares of Tetra Technologies in the 4th quarter worth $40,000. Cibc World Markets Corp purchased a new position in shares of Tetra Technologies in the 4th quarter worth $42,000. Byrne Asset Management LLC raised its position in shares of Tetra Technologies by 67.9% in the 1st quarter. Byrne Asset Management LLC now owns 15,277 shares of the oil and gas company's stock worth $51,000 after buying an additional 6,177 shares during the period. Finally, M&T Bank Corp purchased a new position in shares of Tetra Technologies in the 4th quarter worth $53,000. 70.19% of the stock is owned by hedge funds and other institutional investors.

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.