TETRA Technologies, Inc. is a geographically diversified oil and gas services company that specializes in the completion of fluids and associated products and services. StockNews.com and EF Hutton Acquisition Co. have both issued ratings on TETRA Technologies, with the former recommending a “hold” rating and the latter reiterating its “buy” rating and setting a price objective of $8.50. Insider trading activity has seen Director Thomas R. Bates Jr. and Executive Vice President Matthew Sanderson acquire 15,000 shares and 7,500 shares of TETRA Technologies, respectively. Institutional investors own 59.55% of the company’s stock, with Raymond James & Associates, American Century Companies Inc., Rhumbline Advisers, Covestor Ltd, and Fuller & Thaler Asset Management Inc. among those modifying their holdings in the first quarter of 2021. The company’s Completion Fluids and Products division manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry.
StockNews.com, a leading financial news and analysis website, has initiated coverage of TETRA Technologies (NYSE: TTI) with a “hold” rating, according to a research note released on Thursday. The brokerage’s report on the oil and gas company came on the same day that TETRA Technologies shares opened at $2.52, and it recommended that investors hold off on buying or selling shares for the time being.
Meanwhile, EF Hutton Acquisition Co. reiterated its “buy” rating on TETRA Technologies shares on March 1st and set a price objective of $8.50. This reiteration follows the company’s $51,300 purchase of 15,000 TETRA Technologies shares by Director Thomas R. Bates Jr. on March 8th, at an average price of $3.42 per share.
According to a legal filing with the SEC, Bates now directly owns 454,260 shares of TETRA Technologies, with a total value of $1,553,569.20. Executive Vice President Matthew Sanderson also purchased 7,500 shares of the stock on the same day at an average cost of $3.40 per share, bringing his total direct ownership to 484,755 shares in the company, valued at $1,648,167. Insiders have acquired 59,750 shares of company stock valued at $204,040 in the last 90 days, with insiders owning 4.43% of the stock.
TETRA Technologies has a market cap of $324.22 million, a price-to-earnings ratio of 42.01, and a beta of 2.58. The company has a 52-week low of $2.49 and a 52-week high of $5.82. Its current ratio is 1.92, and its quick ratio is 1.34, while the debt-to-equity ratio is 1.47. The business’s 50-day simple moving average is $3.69, and its 200-day simple moving average is $3.80.
The above information provides investors with an overview of TETRA Technologies’ stock performance and recent insider trading activity. It is important to consider all relevant information, including market trends and industry news, before making any investment decisions.
TETRA Technologies, Inc. is a geographically diversified oil and gas services company that specializes in the completion of fluids and associated products and services. Its business is segmented into two divisions, Completion Fluids and Products, and Water and Flowback Services. Institutional investors hold a total of 59.55% of the company’s stock, with several hedge funds modifying their holdings of TETRA Technologies in the first quarter of 2021.
Raymond James & Associates increased its position in TETRA Technologies shares by 4.6%, owning 66,683 shares of the company’s stock worth $274,000 after acquiring an additional 2,946 shares during the period. American Century Companies Inc. lifted its position in shares of TETRA Technologies by 13.1% and now owns 521,195 shares of the company’s stock, worth $2,142,000 after acquiring an additional 60,320 shares during the period. Rhumbline Advisers increased its position in shares of TETRA Technologies by 23.0%, owning 119,355 shares worth $491,000 after acquiring an additional 22,327 shares during the period.
Furthermore, Covestor Ltd purchased a new stake in TETRA Technologies in the first quarter worth about $31,000. Fuller & Thaler Asset Management Inc. also increased its position in the company by 1.1% and now owns 7,646,844 shares worth $31,429,000, after acquiring an additional 79,627 shares during the period.
The company’s Completion Fluids and Products division manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry. TETRA Technologies has received coverage from financial news and analysis website StockNews.com, which has issued a “hold” rating on the stock, and EF Hutton Acquisition Co., which reissued its “buy” rating and set a price objective of $8.50.
Investors should remain updated on the latest news and analyst ratings on TETRA Technologies by signing up for MarketBeat.com’s free daily email newsletter.
Don’t miss interesting posts on Famousbio
