TETRA Technologies (NYSE:TTI) Shares Gap Up – Here’s What Happened

TETRA Technologies, Inc. (NYSE:TTI) shares gapped up before the market opened on Monday . The stock had previously closed at $4.20, but opened at $4.36. TETRA Technologies shares last traded at $4.25, with a volume of 176,315 shares traded.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. D. Boral Capital reiterated a “buy” rating and set a $5.50 price target on shares of TETRA Technologies in a research report on Wednesday, January 8th. StockNews.com upgraded TETRA Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th.

TETRA Technologies Price Performance

The company has a 50-day moving average of $4.13 and a 200 day moving average of $3.63. The stock has a market capitalization of $552.94 million, a PE ratio of 209.85 and a beta of 2.04. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 1.16.

Hedge Funds Weigh In On TETRA Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TTI. Pullen Investment Management LLC acquired a new position in TETRA Technologies during the third quarter worth $766,000. US Bancorp DE boosted its stake in 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 worth $55,000 after buying an additional 16,875 shares during the last quarter. Balboa Wealth Partners acquired a new position in TETRA Technologies during the third quarter worth $33,000. Intech Investment Management LLC acquired a new position in TETRA Technologies during the third quarter worth $118,000. Finally, Foundry Partners LLC lifted its stake in shares of TETRA Technologies by 1.0% in the 3rd quarter. Foundry Partners LLC now owns 989,665 shares of the oil and gas company’s stock valued at $3,068,000 after purchasing an additional 9,400 shares during the last quarter. Institutional investors and hedge funds own 70.19% of the company’s stock.

About TETRA Technologies

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.