5 Best Oil and Gas Penny Stocks to Buy

2. TETRA Technologies, Inc. (NYSE:TTI)

Number of Hedge Fund Holders: 19

Energy services and solutions company TETRA Technologies, Inc. (NYSE:TTI)  ranks 2nd in our list of the best oil and gas penny stocks to buy according to hedge funds.

A total of 19 hedge funds in Insider Monkey’s database held stakes in TETRA Technologies, Inc. (NYSE:TTI) as of the end of the first quarter of 2023. The total worth of these hedge fund stakes is about $30 million.

TETRA Technologies, Inc. (NYSE:TTI) recently jumped after the company said its second quarter net and adjusted EBITDA will surpass its previous guidance, thanks to industrial calcium chloride business, strong offshore completion fluids activity and improved margins in its Water and Flowback Services segment.