TETRA Technologies, Inc. (NYSE:TTI) Shares Sold by Inspire Investing LLC

Inspire Investing LLC decreased its holdings in TETRA Technologies, Inc. (NYSE:TTI) by 17.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,425 shares of the oil and gas company’s stock after selling 23,621 shares during the quarter. Inspire Investing LLC’s holdings in TETRA Technologies were worth $395,000 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 stake in TETRA Technologies during the 3rd quarter worth about $33,000. Townsquare Capital LLC acquired a new stake in TETRA Technologies during the 3rd quarter worth about $36,000. Point72 DIFC Ltd lifted its position in TETRA Technologies by 82.0% during the 2nd 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 during the period. US Bancorp DE lifted its position in TETRA Technologies by 2,038.0% during the 3rd quarter. US Bancorp DE now owns 17,703 shares of the oil and gas company’s stock worth $55,000 after acquiring an additional 16,875 shares during the period. Finally, FMR LLC lifted its position in TETRA Technologies by 75.0% during the 3rd quarter. FMR LLC now owns 18,858 shares of the oil and gas company’s stock worth $58,000 after acquiring an additional 8,084 shares during the period. Institutional investors and hedge funds own 70.19% of the company’s stock.

TETRA Technologies Stock Performance

NYSE TTI opened at $4.24 on Wednesday. The stock has a 50-day simple moving average of $3.94 and a two-hundred day simple moving average of $3.52. The firm has a market capitalization of $558.22 million, a P/E ratio of 211.86 and a beta of 2.06. TETRA Technologies, Inc. has a fifty-two week low of $2.68 and a fifty-two week high of $5.12. 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 (NYSE:TTI) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. The business had revenue of $141.70 million during the quarter, compared to analyst estimates of $156.43 million. During the same quarter last year, the business posted $0.07 EPS. The company’s revenue was down 6.5% on a year-over-year basis. On average, equities analysts forecast that TETRA Technologies, Inc. will post 0.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. EF Hutton Acquisition Co. I raised TETRA Technologies to a “strong-buy” rating in a research report on Monday, October 21st. D. Boral Capital reiterated a “buy” rating and set a $5.50 price objective on shares of TETRA Technologies in a research note on Wednesday, January 8th. Finally, StockNews.com upgraded TETRA Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price 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.