TETRA Technologies (NYSE:TTI) Share Price Crosses Above 200-Day Moving Average – What’s Next?

TETRA Technologies, Inc. (NYSE:TTI)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.41 and traded as high as $3.87. TETRA Technologies shares last traded at $3.86, with a volume of 908,742 shares changing hands.

Analysts Set New Price Targets

TTI has been the subject of a number of analyst reports. EF Hutton Acquisition Co. I upgraded TETRA Technologies to a “strong-buy” rating in a research note on Monday, October 21st. StockNews.com upgraded shares of TETRA Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th.

TETRA Technologies Stock Down 0.4 %

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 $500.22 million, a price-to-earnings ratio of 190.60 and a beta of 2.04. The company has a 50-day moving average of $3.19 and a 200-day moving average of $3.40.

TETRA Technologies (NYSE:TTI) last announced its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. The firm had revenue of $141.70 million during the quarter, compared to analyst estimates of $156.43 million. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. TETRA Technologies’s revenue was down 6.5% on a year-over-year basis. During the same period last year, the firm posted $0.07 EPS. On average, equities analysts predict that TETRA Technologies, Inc. will post 0.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TETRA Technologies

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in TETRA Technologies by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 7,609,375 shares of the oil and gas company’s stock valued at $33,710,000 after purchasing an additional 89,099 shares during the last quarter. Gendell Jeffrey L boosted its position in TETRA Technologies by 5.5% in the first quarter. Gendell Jeffrey L now owns 4,811,224 shares of the oil and gas company’s stock valued at $21,314,000 after buying an additional 252,632 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in TETRA Technologies by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,129,181 shares of the oil and gas company’s stock worth $10,827,000 after buying an additional 96,898 shares during the period. Huber Capital Management LLC raised its position in TETRA Technologies by 5.1% during the 2nd quarter. Huber Capital Management LLC now owns 1,945,586 shares of the oil and gas company’s stock worth $6,732,000 after buying an additional 95,096 shares during the last quarter. Finally, Masters Capital Management LLC lifted its stake in TETRA Technologies by 70.0% during the 2nd quarter. Masters Capital Management LLC now owns 1,700,000 shares of the oil and gas company’s stock valued at $5,882,000 after acquiring an additional 700,000 shares during the period. 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.