Stanley Laman Group Ltd. Sells 258,684 Shares of Tetra Technologies, Inc. $TTI

Stanley Laman Group Ltd. reduced its position in shares of Tetra Technologies, Inc. (NYSE:TTI) by 20.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,027,294 shares of the oil and gas company’s stock after selling 258,684 shares during the period. Tetra Technologies accounts for about 1.2% of Stanley Laman Group Ltd.’s holdings, making the stock its 11th biggest position. Stanley Laman Group Ltd.’s holdings in Tetra Technologies were worth $9,626,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in TTI. Rubric Capital Management LP bought a new position in shares of Tetra Technologies during the third quarter valued at about $26,046,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of Tetra Technologies during the fourth quarter valued at about $25,359,000. CenterBook Partners LP bought a new position in shares of Tetra Technologies during the third quarter valued at about $8,197,000. Acuitas Investments LLC bought a new position in shares of Tetra Technologies during the third quarter valued at about $6,787,000. Finally, Marshall Wace LLP bought a new position in shares of Tetra Technologies during the second quarter valued at about $3,613,000. 70.19% of the stock is owned by institutional investors.

Tetra Technologies Stock Performance

NYSE TTI opened at $8.46 on Monday. Tetra Technologies, Inc. has a 52-week low of $2.16 and a 52-week high of $12.54. The company has a 50-day simple moving average of $9.44 and a 200 day simple moving average of $8.77. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 2.02. The company has a market capitalization of $1.14 billion, a PE ratio of 423.10 and a beta of 1.22.

Tetra Technologies (NYSE:TTI) last posted its quarterly earnings data on Wednesday, February 25th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Tetra Technologies had a return on equity of 12.56% and a net margin of 0.48%.The company had revenue of $146.68 million for the quarter, compared to analysts’ expectations of $140.98 million. On average, research analysts predict that Tetra Technologies, Inc. will post 0.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TTI. Stifel Nicolaus raised their price target on shares of Tetra Technologies from $9.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Northland Securities raised their price target on shares of Tetra Technologies from $8.50 to $11.50 and gave the company an “outperform” rating in a research report on Wednesday, December 31st. Weiss Ratings restated a “hold (c+)” rating on shares of Tetra Technologies in a report on Friday, January 9th. Finally, Clear Str downgraded shares of Tetra Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Tetra Technologies currently has an average rating of “Moderate Buy” and an average price target of $10.25.

Tetra Technologies Profile

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.