Natixis Advisors LLC purchased a new stake in Tetra Technologies, Inc. (NYSE:TTI – Free Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 500,948 shares of the oil and gas company’s stock, valued at approximately $4,694,000.
A number of other hedge funds and other institutional investors have also modified their holdings of TTI. Stone House Investment Management LLC acquired a new position in shares of Tetra Technologies in the 4th quarter valued at $39,000. Osaic Holdings Inc. boosted its position in shares of 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 during the period. Tower Research Capital LLC TRC boosted its position in shares of 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 during the period. Brevan Howard Capital Management LP acquired a new position in shares of Tetra Technologies in the 2nd quarter valued at $51,000. Finally, Generali Investments Management Co LLC acquired a new position in shares of Tetra Technologies in the 4th quarter valued at $54,000. Institutional investors and hedge funds own 70.19% of the company’s stock.
Analyst Ratings Changes
Separately, Weiss Ratings lowered Tetra Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $10.25.
Tetra Technologies Trading Up 7.2%
Shares of NYSE TTI opened at $9.96 on Tuesday. Tetra Technologies, Inc. has a one year low of $2.99 and a one year high of $12.54. The firm has a market capitalization of $1.32 billion, a PE ratio of 199.14 and a beta of 1.22. 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 business has a 50-day moving average price of $9.55 and a two-hundred day moving average price of $9.58.
Tetra Technologies (NYSE:TTI – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. Tetra Technologies had a return on equity of 10.50% and a net margin of 1.15%.The firm had revenue of $156.25 million during the quarter, compared to analyst estimates of $151.20 million. As a group, analysts predict that Tetra Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.
Tetra Technologies Company 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.
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