TETRA Technologies, Inc. (NYSE:TTI) Shares Sold by Saxon Interests Inc.

Saxon Interests Inc. lessened its stake in TETRA Technologies, Inc. (NYSE:TTI) by 6.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 38,601 shares of the oil and gas company’s stock after selling 2,467 shares during the quarter. Saxon Interests Inc.’s holdings in TETRA Technologies were worth $138,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Balboa Wealth Partners bought a new position in shares of TETRA Technologies in the third quarter valued at approximately $33,000. Townsquare Capital LLC acquired a new position in shares of TETRA Technologies during the 3rd quarter valued at $36,000. Point72 DIFC Ltd raised its stake in shares of TETRA Technologies by 82.0% in the 2nd quarter. Point72 DIFC Ltd now owns 13,241 shares of the oil and gas company’s stock worth $46,000 after buying an additional 5,966 shares in the last quarter. 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 valued at $55,000 after buying an additional 16,875 shares in the last quarter. Finally, FMR LLC grew its holdings in TETRA Technologies by 75.0% during the third 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. StockNews.com raised shares of TETRA Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. D. Boral Capital reaffirmed a “buy” rating and issued a $5.50 price target on shares of TETRA Technologies in a report on Wednesday, January 8th. Finally, EF Hutton Acquisition Co. I raised TETRA Technologies to a “strong-buy” rating in a research note on Monday, October 21st. 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 stock. Based on data from MarketBeat, TETRA Technologies has a consensus rating of “Buy” and a consensus price target of $6.50.

TETRA Technologies Stock Performance

Shares of TETRA Technologies stock opened at $5.02 on Friday. TETRA Technologies, Inc. has a 12 month low of $2.68 and a 12 month high of $5.08. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 1.16. The stock has a market cap of $661.69 million, a PE ratio of 253.88 and a beta of 2.06. The business has a fifty day simple moving average of $3.79 and a 200-day simple moving average of $3.44.

TETRA Technologies (NYSE:TTI) last released its quarterly earnings results 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. The business had revenue of $141.70 million for the quarter, compared to the consensus estimate of $156.43 million. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. TETRA Technologies’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 EPS. On average, sell-side analysts anticipate that TETRA Technologies, Inc. will post 0.15 EPS for the current fiscal year.

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.