Tetra Technologies, Inc. (NYSE:TTI) reached a new 52-week high and low during mid-day trading on Friday . The company traded as low as $4.75 and last traded at $4.65, with a volume of 28935 shares trading hands. The stock had previously closed at $4.69.
Several equities research analysts recently weighed in on the stock. TheStreet upgraded shares of Tetra Technologies from a “d” rating to a “c-” rating in a research note on Tuesday, May 8th. ValuEngine upgraded shares of Tetra Technologies from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 2nd. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $4.20 target price (up previously from $4.00) on shares of Tetra Technologies in a research note on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. Tetra Technologies has an average rating of “Hold” and an average target price of $4.65.
The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.26 and a current ratio of 2.83. The company has a market cap of $527.29 million, a price-to-earnings ratio of -22.00, a PEG ratio of 6.72 and a beta of 0.70.
In other Tetra Technologies news, VP Elisabeth K. Evans purchased 7,600 shares of the company’s stock in a transaction that occurred on Wednesday, March 21st. The stock was purchased at an average price of $3.90 per share, with a total value of $29,640.00. Following the completion of the transaction, the vice president now directly owns 63,342 shares of the company’s stock, valued at approximately $247,033.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.60% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of TTI. JPMorgan Chase & Co. raised its position in Tetra Technologies by 346.2% in the third quarter. JPMorgan Chase & Co. now owns 206,100 shares of the oil and gas company’s stock worth $602,000 after purchasing an additional 159,913 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Tetra Technologies by 10.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,013,636 shares of the oil and gas company’s stock worth $2,899,000 after purchasing an additional 96,023 shares in the last quarter. California Public Employees Retirement System raised its position in Tetra Technologies by 77.2% in the third quarter. California Public Employees Retirement System now owns 319,526 shares of the oil and gas company’s stock worth $914,000 after purchasing an additional 139,226 shares in the last quarter. Algert Global LLC raised its position in Tetra Technologies by 75.6% in the fourth quarter. Algert Global LLC now owns 360,221 shares of the oil and gas company’s stock worth $1,538,000 after purchasing an additional 155,140 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new position in Tetra Technologies in the fourth quarter worth about $545,000. 90.24% of the stock is owned by hedge funds and other institutional investors.
About Tetra Technologies
TETRA Technologies, Inc, together with its subsidiaries, operates as a diversified oil and gas services company. The company's Fluids division 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.
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