StockNews.com Begins Coverage on TETRA Technologies (NYSE:TTI)

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

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

TETRA Technologies Stock Performance

Shares of NYSE TTI opened at $2.52 on Thursday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.34 and a current ratio of 1.92. The firm has a market cap of $324.22 million, a price-to-earnings ratio of 42.01 and a beta of 2.58. The business’s 50-day simple moving average is $3.69 and its 200-day simple moving average is $3.80. TETRA Technologies has a 52 week low of $2.49 and a 52 week high of $5.82.

Insider Buying and Selling at TETRA Technologies

In other TETRA Technologies news, Director Thomas R. Bates, Jr. bought 15,000 shares of the stock in a transaction on Wednesday, March 8th. The shares were purchased at an average price of $3.42 per share, with a total value of $51,300.00. Following the acquisition, the director now directly owns 454,260 shares of the company’s stock, valued at approximately $1,553,569.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other TETRA Technologies news, Director Thomas R. Bates, Jr. bought 15,000 shares of the stock in a transaction on Wednesday, March 8th. The shares were purchased at an average price of $3.42 per share, with a total value of $51,300.00. Following the acquisition, the director now directly owns 454,260 shares of the company’s stock, valued at approximately $1,553,569.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Matthew Sanderson bought 7,500 shares of the stock in a transaction on Wednesday, March 8th. The stock was acquired at an average cost of $3.40 per share, for a total transaction of $25,500.00. Following the acquisition, the executive vice president now directly owns 484,755 shares in the company, valued at $1,648,167. The disclosure for this purchase can be found here. Insiders have acquired 59,750 shares of company stock valued at $204,040 in the last 90 days. 4.43% of the stock is currently owned by insiders.

Institutional Trading of TETRA Technologies

A number of hedge funds have recently modified their holdings of TTI. Raymond James & Associates lifted its position in shares of TETRA Technologies by 4.6% in the 1st quarter. Raymond James & Associates now owns 66,683 shares of the oil and gas company’s stock worth $274,000 after acquiring an additional 2,946 shares during the period. American Century Companies Inc. lifted its position in shares of TETRA Technologies by 13.1% in the 1st quarter. American Century Companies Inc. now owns 521,195 shares of the oil and gas company’s stock worth $2,142,000 after acquiring an additional 60,320 shares during the period. Rhumbline Advisers lifted its position in shares of TETRA Technologies by 23.0% in the 1st quarter. Rhumbline Advisers now owns 119,355 shares of the oil and gas company’s stock worth $491,000 after acquiring an additional 22,327 shares during the period. Covestor Ltd bought a new stake in shares of TETRA Technologies in the 1st quarter worth approximately $31,000. Finally, Fuller & Thaler Asset Management Inc. lifted its position in shares of TETRA Technologies by 1.1% in the 1st 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 acquiring an additional 79,627 shares during the period. Institutional investors own 59.55% of the company’s stock.

TETRA Technologies Company Profile

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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.