Stanley Laman Group Ltd. Raises Stock Position in TETRA Technologies, Inc. (NYSE:TTI)

Stanley Laman Group Ltd. boosted its stake in shares of TETRA Technologies, Inc. (NYSE:TTI) by 2.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,415,907 shares of the oil and gas company’s stock after acquiring an additional 31,396 shares during the period. Stanley Laman Group Ltd. owned about 1.07% of TETRA Technologies worth $4,757,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wedge Capital Management L L P NC boosted its stake in shares of TETRA Technologies by 6.2% in the first quarter. Wedge Capital Management L L P NC now owns 254,498 shares of the oil and gas company’s stock worth $855,000 after acquiring an additional 14,908 shares during the last quarter. Rhumbline Advisers lifted its holdings in TETRA Technologies by 4.3% in the 1st quarter. Rhumbline Advisers now owns 216,479 shares of the oil and gas company’s stock valued at $727,000 after purchasing an additional 8,857 shares in the last quarter. Pullen Investment Management LLC lifted its holdings in TETRA Technologies by 105.5% in the 4th quarter. Pullen Investment Management LLC now owns 507,650 shares of the oil and gas company’s stock valued at $1,817,000 after purchasing an additional 260,611 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in TETRA Technologies by 18.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 291,515 shares of the oil and gas company’s stock worth $1,044,000 after purchasing an additional 45,535 shares during the last quarter. Finally, Two Sigma Investments LP grew its holdings in shares of TETRA Technologies by 51.2% during the fourth quarter. Two Sigma Investments LP now owns 187,072 shares of the oil and gas company’s stock worth $670,000 after buying an additional 63,370 shares in the last quarter. 70.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TTI. Wall Street Zen cut shares of TETRA Technologies from a “buy” rating to a “hold” rating in a research report on Friday, May 9th. Stifel Nicolaus cut their price objective on shares of TETRA Technologies from $7.00 to $6.50 and set a “buy” rating for the company in a report on Tuesday, April 15th. Finally, D. Boral Capital lowered their target price on TETRA Technologies from $5.50 to $4.00 and set a “buy” rating on the stock in a report on Thursday, May 1st.

TETRA Technologies Stock Down 4.8%

Shares of TTI opened at $3.59 on Friday. TETRA Technologies, Inc. has a 52-week low of $2.03 and a 52-week high of $5.12. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 1.16. The stock has a fifty day simple moving average of $2.74 and a two-hundred day simple moving average of $3.47. The company has a market capitalization of $477.73 million, a PE ratio of 179.59 and a beta of 1.36.

TETRA Technologies (NYSE:TTI) last announced its earnings results on Tuesday, April 29th. The oil and gas company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.03. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. The firm had revenue of $157.14 million for the quarter, compared to the consensus estimate of $160.52 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.