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Aug 19, 2023

TETRA Technologies (NYSE:TTI) Now Covered by StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of TETRA Technologies (NYSE:TTI - Get Free Report) in a research note issued on Friday. The brokerage set a "hold" rating on the

Equities research analysts at StockNews.com assumed coverage on shares of TETRA Technologies (NYSE:TTI - Get Free Report) in a research note issued on Friday. The brokerage set a "hold" rating on the oil and gas company's stock.

Several other analysts have also commented on the company. TheStreet raised TETRA Technologies from a "c" rating to a "b-" rating in a report on Tuesday, August 1st. Stifel Nicolaus raised their price objective on shares of TETRA Technologies from $6.00 to $7.00 and gave the stock a "buy" rating in a research note on Wednesday, August 2nd.

View Our Latest Stock Analysis on TTI

NYSE TTI opened at $5.19 on Friday. The firm has a market capitalization of $671.77 million, a P/E ratio of 28.81 and a beta of 2.63. The stock has a 50-day simple moving average of $3.93 and a two-hundred day simple moving average of $3.40. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.42 and a current ratio of 2.07. TETRA Technologies has a fifty-two week low of $2.43 and a fifty-two week high of $5.59.

Several institutional investors and hedge funds have recently modified their holdings of TTI. Covestor Ltd acquired a new stake in TETRA Technologies in the first quarter valued at approximately $31,000. Scissortail Wealth Management LLC purchased a new stake in TETRA Technologies in the 1st quarter worth $914,108,000. Tower Research Capital LLC TRC raised its position in TETRA Technologies by 214.7% during the first quarter. Tower Research Capital LLC TRC now owns 10,353 shares of the oil and gas company's stock worth $27,000 after acquiring an additional 7,063 shares during the period. Verition Fund Management LLC purchased a new position in TETRA Technologies during the second quarter valued at $43,000. Finally, Dfpg Investments LLC purchased a new position in TETRA Technologies during the fourth quarter valued at $43,000. Hedge funds and other institutional investors own 60.56% of the company's stock.

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.

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