Stifel Financial Corp Buys 189,484 Shares of TETRA Technologies, Inc. (NYSE:TTI)

Stifel Financial Corp boosted its stake in shares of TETRA Technologies, Inc. (NYSE:TTI) by 703.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 216,439 shares of the oil and gas company’s stock after buying an additional 189,484 shares during the period. Stifel Financial Corp’s holdings in TETRA Technologies were worth $671,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Balboa Wealth Partners purchased a new stake in shares of TETRA Technologies in the third quarter valued at $33,000. Townsquare Capital LLC bought a new position in TETRA Technologies during the 3rd quarter valued at about $36,000. Point72 DIFC Ltd raised its position in TETRA Technologies by 82.0% in the 2nd quarter. Point72 DIFC Ltd now owns 13,241 shares of the oil and gas company’s stock worth $46,000 after purchasing an additional 5,966 shares during the period. nVerses Capital LLC bought a new stake in TETRA Technologies in the second quarter worth about $53,000. Finally, US Bancorp DE boosted its position in shares of TETRA Technologies by 2,038.0% during the third quarter. US Bancorp DE now owns 17,703 shares of the oil and gas company’s stock valued at $55,000 after buying an additional 16,875 shares during the period. 70.19% of the stock is currently owned by institutional investors.

TETRA Technologies Stock Performance

TETRA Technologies stock opened at $3.48 on Thursday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.51 and a current ratio of 2.33. The company has a market capitalization of $458.70 million, a PE ratio of 174.09 and a beta of 2.10. The company has a 50 day moving average price of $3.61 and a 200-day moving average price of $3.38. TETRA Technologies, Inc. has a fifty-two week low of $2.68 and a fifty-two week high of $5.08.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TTI. EF Hutton Acquisition Co. I upgraded TETRA Technologies to a “strong-buy” rating in a report on Monday, October 21st. D. Boral Capital reiterated a “buy” rating and issued a $5.50 target price on shares of TETRA Technologies in a research note on Tuesday, December 17th. Finally, StockNews.com upgraded TETRA Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $6.50.

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.