Barclays PLC Buys 165,184 Shares of TETRA Technologies, Inc. (NYSE:TTI)

Barclays PLC boosted its stake in shares of TETRA Technologies, Inc. (NYSE:TTI) by 369.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 209,873 shares of the oil and gas company’s stock after buying an additional 165,184 shares during the quarter. Barclays PLC’s holdings in TETRA Technologies were worth $650,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Balboa Wealth Partners acquired a new position in shares of TETRA Technologies during the third quarter valued at about $33,000. Townsquare Capital LLC acquired a new position in TETRA Technologies during the 3rd quarter worth approximately $36,000. Point72 DIFC Ltd boosted its holdings in TETRA Technologies by 82.0% in the second quarter. Point72 DIFC Ltd now owns 13,241 shares of the oil and gas company’s stock worth $46,000 after acquiring an additional 5,966 shares in the last quarter. nVerses Capital LLC acquired a new stake in TETRA Technologies in the second quarter valued at approximately $53,000. Finally, US Bancorp DE increased its holdings 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 acquiring an additional 16,875 shares in the last quarter. Institutional investors own 70.19% of the company’s stock.

TETRA Technologies Trading Up 1.1 %

TETRA Technologies stock opened at $3.58 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. TETRA Technologies, Inc. has a fifty-two week low of $2.68 and a fifty-two week high of $5.08. The stock has a market cap of $471.88 million, a P/E ratio of 179.09 and a beta of 2.10. The firm’s fifty day moving average price is $3.64 and its 200-day moving average price is $3.39.

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of TETRA Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. D. Boral Capital reiterated a “buy” rating and set a $5.50 price target on shares of TETRA Technologies in a research note on Tuesday, December 17th. Finally, EF Hutton Acquisition Co. I raised TETRA Technologies to a “strong-buy” rating in a report on Monday, October 21st. One equities 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 a consensus target price of $6.50.

TETRA Technologies 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.