TETRA Technologies, Inc. (NYSE:TTI) Stock Holdings Lifted by Everett Harris & Co. CA

Everett Harris & Co. CA grew its position in TETRA Technologies, Inc. (NYSE:TTI) by 9.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 477,073 shares of the oil and gas company’s stock after purchasing an additional 40,723 shares during the period. Everett Harris & Co. CA owned about 0.36% of TETRA Technologies worth $1,708,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TTI. Balboa Wealth Partners bought a new position in TETRA Technologies during the third quarter valued at approximately $33,000. Townsquare Capital LLC acquired a new stake in shares of TETRA Technologies in the 3rd quarter valued at $36,000. US Bancorp DE increased its position in TETRA Technologies by 2,038.0% during the third quarter. US Bancorp DE now owns 17,703 shares of the oil and gas company’s stock worth $55,000 after buying an additional 16,875 shares during the last quarter. FMR LLC lifted its holdings in TETRA Technologies by 75.0% in the 3rd quarter. FMR LLC now owns 18,858 shares of the oil and gas company’s stock worth $58,000 after purchasing an additional 8,084 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new stake in shares of TETRA Technologies during the 2nd quarter worth $84,000. 70.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TTI. D. Boral Capital reiterated a “buy” rating and issued a $5.50 target price on shares of TETRA Technologies in a report on Wednesday, January 8th. StockNews.com upgraded TETRA Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, EF Hutton Acquisition Co. I upgraded TETRA Technologies to a “strong-buy” rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, TETRA Technologies has an average rating of “Buy” and an average target price of $6.50.

TETRA Technologies Stock Down 5.6 %

NYSE TTI opened at $4.16 on Friday. TETRA Technologies, Inc. has a twelve month low of $2.68 and a twelve month high of $5.12. The stock has a market cap of $547.67 million, a PE ratio of 207.85 and a beta of 2.06. The firm has a 50-day simple moving average of $3.96 and a 200 day simple moving average of $3.54. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.51 and a current ratio of 2.33.

TETRA Technologies (NYSE:TTI) last issued its earnings results on Tuesday, October 29th. The oil and gas company reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03. The business had revenue of $141.70 million during the quarter, compared to analyst estimates of $156.43 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. TETRA Technologies’s revenue was down 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.07 earnings per share. On average, research analysts forecast that TETRA Technologies, Inc. will post 0.15 EPS for the current year.

TETRA Technologies Company Profile

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.