Raymond James Financial Inc. Acquires Shares of 145,618 TETRA Technologies, Inc. (NYSE:TTI)

Raymond James Financial Inc. bought a new stake in TETRA Technologies, Inc. (NYSE:TTI) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 145,618 shares of the oil and gas company’s stock, valued at approximately $521,000.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of TETRA Technologies by 233.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 510,705 shares of the oil and gas company’s stock worth $1,583,000 after acquiring an additional 357,455 shares during the period. Stifel Financial Corp boosted its holdings in TETRA Technologies by 703.0% in the 3rd quarter. Stifel Financial Corp now owns 216,439 shares of the oil and gas company’s stock valued at $671,000 after purchasing an additional 189,484 shares in the last quarter. Barclays PLC increased its position in TETRA Technologies by 369.6% during the 3rd quarter. Barclays PLC now owns 209,873 shares of the oil and gas company’s stock worth $650,000 after purchasing an additional 165,184 shares during the period. Walleye Capital LLC purchased a new position in shares of TETRA Technologies during the 3rd quarter worth approximately $418,000. Finally, XTX Topco Ltd acquired a new stake in shares of TETRA Technologies in the 3rd quarter valued at approximately $405,000. Institutional investors and hedge funds own 70.19% of the company’s stock.

Analyst Ratings Changes

Separately, D. Boral Capital reiterated a “buy” rating and issued a $5.50 price objective on shares of TETRA Technologies in a research report on Wednesday, March 26th.

TETRA Technologies Trading Down 5.8 %

Shares of TTI stock opened at $2.36 on Tuesday. TETRA Technologies, Inc. has a 1-year low of $2.27 and a 1-year high of $5.12. The firm’s 50-day simple moving average is $3.78 and its 200-day simple moving average is $3.71. The firm has a market cap of $311.92 million, a P/E ratio of 117.86 and a beta of 1.54. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.33 and a quick ratio of 1.51.

TETRA Technologies (NYSE:TTI) last issued its earnings results on Tuesday, February 25th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. The business had revenue of $134.50 million during the quarter, compared to analysts’ expectations of $138.96 million. As a group, equities analysts forecast that TETRA Technologies, Inc. will post 0.15 EPS for the current 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.