TETRA Technologies (NYSE:TTI) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of TETRA Technologies (NYSE:TTI – Get Rating) in a report released on Thursday morning. The firm issued a hold rating on the oil and gas company’s stock.

Separately, EF Hutton Acquisition Co. I reiterated a buy rating and issued a $8.50 price objective on shares of TETRA Technologies in a research report on Wednesday, March 1st.

TETRA Technologies Trading Down 5.6 %

Shares of TTI opened at $2.52 on Thursday. The stock has a fifty day moving average price of $3.69 and a two-hundred day moving average price of $3.80. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.34 and a current ratio of 1.92. TETRA Technologies has a 52-week low of $2.49 and a 52-week high of $5.82. The company has a market cap of $324.22 million, a price-to-earnings ratio of 42.01 and a beta of 2.58.

Insider Activity

In other news, Director Thomas R. Bates, Jr. bought 15,000 shares of the stock in a transaction dated Wednesday, March 8th. The stock was bought at an average cost of $3.42 per share, with a total value of $51,300.00. Following the purchase, the director now owns 454,260 shares of the company’s stock, valued at $1,553,569.20. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Thomas R. Bates, Jr. acquired 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 8th. The stock was acquired at an average cost of $3.42 per share, with a total value of $51,300.00. Following the completion of the purchase, the director now directly owns 454,260 shares in the company, valued at $1,553,569.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brady M. Murphy acquired 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 8th. The shares were bought at an average cost of $3.41 per share, with a total value of $102,300.00. Following the completion of the purchase, the chief executive officer now owns 1,722,450 shares of the company’s stock, valued at $5,873,554.50. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 59,750 shares of company stock valued at $204,040. Company insiders own 4.43% of the company’s stock.

Institutional Investors Weigh In On TETRA Technologies

A number of institutional investors have recently made changes to their positions in TTI. Covestor Ltd acquired a new stake in shares of TETRA Technologies during the first quarter worth $31,000. Dfpg Investments LLC acquired a new position in TETRA Technologies in the fourth quarter valued at about $43,000. Verition Fund Management LLC acquired a new position in TETRA Technologies in the second quarter valued at about $43,000. Teacher Retirement System of Texas acquired a new position in TETRA Technologies in the fourth quarter valued at about $44,000. Finally, Royal Bank of Canada grew its stake in TETRA Technologies by 578.1% in the third quarter. Royal Bank of Canada now owns 13,921 shares of the oil and gas company’s stock valued at $50,000 after acquiring an additional 11,868 shares during the period. 59.55% of the stock is owned by institutional investors and hedge funds.

About TETRA Technologies

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TETRA Technologies, Inc is a geographically diversified oil and gas services company, which engages in the completion of fluids and associated products and services. It operates through the following segments: Completion Fluids and Products, and Water and Flowback Services. The Completion Fluids and Products division manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry.