GeoSphere Capital Management LLC Invests $1.64 Million in Tetra Technologies, Inc. $TTI

GeoSphere Capital Management LLC acquired a new stake in Tetra Technologies, Inc. (NYSE:TTIFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 175,000 shares of the oil and gas company’s stock, valued at approximately $1,640,000. Tetra Technologies makes up about 0.5% of GeoSphere Capital Management LLC’s investment portfolio, making the stock its 29th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TTI. State of Alaska Department of Revenue purchased a new position in Tetra Technologies in the 3rd quarter valued at $28,000. Stone House Investment Management LLC purchased a new position in Tetra Technologies in the 4th quarter valued at $39,000. Osaic Holdings Inc. lifted its holdings in Tetra Technologies by 647.1% in the 2nd quarter. Osaic Holdings Inc. now owns 12,700 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 11,000 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Tetra Technologies by 235.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 14,536 shares of the oil and gas company’s stock valued at $49,000 after purchasing an additional 10,204 shares in the last quarter. Finally, Brevan Howard Capital Management LP purchased a new position in Tetra Technologies in the 2nd quarter valued at $51,000. Hedge funds and other institutional investors own 70.19% of the company’s stock.

Tetra Technologies Trading Down 0.3%

Shares of TTI stock opened at $10.38 on Monday. The company’s 50-day moving average price is $9.09 and its 200-day moving average price is $9.38. The company has a current ratio of 2.02, a quick ratio of 1.20 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 207.56 and a beta of 1.21. Tetra Technologies, Inc. has a twelve month low of $2.63 and a twelve month high of $12.54.

Tetra Technologies (NYSE:TTIGet Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.03. The firm had revenue of $156.25 million for the quarter, compared to analysts’ expectations of $151.20 million. Tetra Technologies had a net margin of 1.15% and a return on equity of 10.50%. As a group, equities analysts predict that Tetra Technologies, Inc. will post 0.26 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Tetra Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 19th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Tetra Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $10.25.

Get Our Latest Report on TTI

Tetra Technologies Company Profile

(Free Report)

Tetra Technologies, Inc (NYSE: TTI) is a provider of specialized products and services to the upstream oil and gas industry. The company operates through two primary segments: Oilfield Services, which offers hydraulic fracturing and wellsite fluid systems, and Chemical Solutions, which manufactures and delivers a broad range of drilling, completion and production chemicals. Tetra’s integrated service model spans the design, blending and on-site delivery of fluids, as well as pumping equipment and related wellsite operations.

Within the Oilfield Services segment, Tetra supplies pressure pumping fleets and associated equipment to support onshore hydraulic fracturing and well placement activities.

See Also

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Institutional Ownership by Quarter for Tetra Technologies (NYSE:TTI)

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