Schwab Charles Investment Management Inc. raised its stake in shares of TETRA Technologies, Inc. (NYSE:TTI) by 10.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,013,636 shares of the oil and gas company’s stock after buying an additional 96,023 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in TETRA Technologies were worth $2,899,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in TTI. Principal Financial Group Inc. lifted its stake in shares of TETRA Technologies by 0.3% during the 2nd quarter. Principal Financial Group Inc. now owns 901,989 shares of the oil and gas company’s stock worth $2,517,000 after purchasing an additional 2,786 shares during the period. Ramsey Quantitative Systems purchased a new position in shares of TETRA Technologies during the 2nd quarter worth $666,000. UBS Asset Management Americas Inc. lifted its stake in shares of TETRA Technologies by 26.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 74,549 shares of the oil and gas company’s stock worth $208,000 after purchasing an additional 15,700 shares during the period. Aperio Group LLC raised its position in shares of TETRA Technologies by 16.4% in the 3rd quarter. Aperio Group LLC now owns 136,036 shares of the oil and gas company’s stock worth $389,000 after buying an additional 19,203 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of TETRA Technologies by 16.1% in the 2nd quarter. Alliancebernstein L.P. now owns 144,573 shares of the oil and gas company’s stock worth $403,000 after buying an additional 20,000 shares during the period. Hedge funds and other institutional investors own 90.55% of the company’s stock.
TETRA Technologies, Inc. (NYSE TTI) opened at $4.39 on Tuesday. The company has a quick ratio of 1.38, a current ratio of 2.24 and a debt-to-equity ratio of 1.63. TETRA Technologies, Inc. has a twelve month low of $1.85 and a twelve month high of $5.09. The stock has a market cap of $508.75, a PE ratio of -10.21 and a beta of 0.99.
TETRA Technologies (NYSE:TTI) last issued its earnings results on Thursday, November 9th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.06. TETRA Technologies had a negative net margin of 5.47% and a negative return on equity of 6.89%. The firm had revenue of $216.36 million for the quarter, compared to analysts’ expectations of $218.65 million. During the same quarter last year, the company posted ($0.05) earnings per share. TETRA Technologies’s revenue was up 22.5% on a year-over-year basis. equities analysts expect that TETRA Technologies, Inc. will post -0.14 EPS for the current fiscal year.
TTI has been the topic of several research reports. Scotia Howard Weill reissued a “sector perform” rating on shares of TETRA Technologies in a research report on Friday. Howard Weil downgraded TETRA Technologies from a “sector outperform” rating to a “sector perform” rating in a research note on Friday. Scotiabank downgraded TETRA Technologies to a “hold” rating in a research note on Thursday, January 11th. Zacks Investment Research downgraded TETRA Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Finally, Piper Jaffray Companies set a $5.00 price target on TETRA Technologies and gave the stock a “buy” rating in a research note on Friday, December 29th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. TETRA Technologies presently has a consensus rating of “Hold” and a consensus target price of $5.00.
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TETRA Technologies Company Profile
TETRA Technologies, Inc is an oil and gas services company. The Company focuses on completion fluids and associated products and services, water management, production well testing, offshore rig cooling, compression services and equipment, and offshore services, such as decommissioning and diving. It is composed of five segments organized into four divisions: Fluids, Production Testing, Compression and Offshore.
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