Shares of TETRA Technologies, Inc. (NYSE:TTI) were down 7.3% during mid-day trading on Monday . The stock traded as low as $1.90 and last traded at $1.91. Approximately 522,100 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 697,499 shares. The stock had previously closed at $2.06.

Several analysts have issued reports on TTI shares. ValuEngine lowered shares of TETRA Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Zacks Investment Research upgraded shares of TETRA Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, March 14th. Johnson Rice lowered shares of TETRA Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 19th. Finally, Stifel Nicolaus set a $4.00 price target on shares of TETRA Technologies and gave the stock a “buy” rating in a research report on Friday, May 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $5.60.

The company has a current ratio of 1.87, a quick ratio of 1.16 and a debt-to-equity ratio of 2.98. The stock has a market capitalization of $258.13 million, a PE ratio of -42.40, a price-to-earnings-growth ratio of 17.56 and a beta of 1.58.

TETRA Technologies (NYSE:TTI) last posted its quarterly earnings results on Thursday, May 9th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The company had revenue of $243.73 million during the quarter, compared to analyst estimates of $252.83 million. TETRA Technologies had a negative return on equity of 1.68% and a negative net margin of 1.88%. The business’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.06) earnings per share.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC lifted its holdings in shares of TETRA Technologies by 13.4% during the 1st quarter. SG Americas Securities LLC now owns 38,794 shares of the oil and gas company’s stock worth $91,000 after acquiring an additional 4,572 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of TETRA Technologies by 7.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 85,638 shares of the oil and gas company’s stock worth $200,000 after acquiring an additional 5,729 shares during the period. Magnus Financial Group LLC lifted its holdings in shares of TETRA Technologies by 17.9% during the 1st quarter. Magnus Financial Group LLC now owns 41,275 shares of the oil and gas company’s stock worth $97,000 after acquiring an additional 6,277 shares during the period. Teachers Advisors LLC lifted its holdings in shares of TETRA Technologies by 1.7% during the 3rd quarter. Teachers Advisors LLC now owns 412,453 shares of the oil and gas company’s stock worth $1,860,000 after acquiring an additional 7,061 shares during the period. Finally, WealthTrust Axiom LLC lifted its holdings in shares of TETRA Technologies by 0.9% during the 1st quarter. WealthTrust Axiom LLC now owns 860,370 shares of the oil and gas company’s stock worth $2,013,000 after acquiring an additional 7,700 shares during the period. Institutional investors own 83.46% of the company’s stock.

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TETRA Technologies Company Profile (NYSE:TTI)

TETRA Technologies, Inc, together with its subsidiaries, operates as a diversified oil and gas services company. The company's Completion Fluids 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.

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