EF Hutton Acquisition Co. I reissued their buy rating on shares of TETRA Technologies (NYSE:TTI – Get Rating) in a research note issued to investors on Tuesday, Benzinga reports. EF Hutton Acquisition Co. I currently has a $9.00 target price on the oil and gas company’s stock.
Separately, StockNews.com began coverage on shares of TETRA Technologies in a research note on Wednesday, October 12th. They issued a hold rating on the stock.
TETRA Technologies Stock Performance
Shares of TTI opened at $3.88 on Tuesday. The firm’s 50 day moving average is $3.61 and its 200-day moving average is $3.88. The stock has a market capitalization of $499.05 million, a P/E ratio of 64.67 and a beta of 2.50. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.01 and a quick ratio of 1.37. TETRA Technologies has a 12-month low of $2.71 and a 12-month high of $5.82.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in TTI. Raymond James & Associates boosted its holdings in shares of TETRA Technologies by 4.6% in the first quarter. Raymond James & Associates now owns 66,683 shares of the oil and gas company’s stock worth $274,000 after buying an additional 2,946 shares during the period. American Century Companies Inc. boosted its holdings in shares of TETRA Technologies by 13.1% in the first quarter. American Century Companies Inc. now owns 521,195 shares of the oil and gas company’s stock worth $2,142,000 after buying an additional 60,320 shares during the period. Rhumbline Advisers boosted its holdings in shares of TETRA Technologies by 23.0% in the first quarter. Rhumbline Advisers now owns 119,355 shares of the oil and gas company’s stock worth $491,000 after buying an additional 22,327 shares during the period. Covestor Ltd acquired a new position in shares of TETRA Technologies in the first quarter worth about $31,000. Finally, Fuller & Thaler Asset Management Inc. boosted its holdings in shares of TETRA Technologies by 1.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 7,646,844 shares of the oil and gas company’s stock worth $31,429,000 after buying an additional 79,627 shares during the period. 59.55% of the stock is currently owned by institutional investors and hedge funds.
TETRA Technologies Company Profile
TETRA Technologies, Inc, together with its subsidiaries, operates as a diversified oil and gas services company. It operates through Completion Fluids & Products Division and Water & Flowback Services segments. 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.
- Get a free copy of the StockNews.com research report on TETRA Technologies (TTI)
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