Teachers Advisors LLC boosted its stake in shares of Tetra Technologies, Inc. (NYSE:TTI) by 19.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 309,023 shares of the oil and gas company’s stock after buying an additional 49,231 shares during the period. Teachers Advisors LLC owned about 0.27% of Tetra Technologies worth $862,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Arizona State Retirement System raised its holdings in Tetra Technologies by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 60,490 shares of the oil and gas company’s stock worth $169,000 after buying an additional 200 shares during the period. Texas Permanent School Fund grew its stake in Tetra Technologies by 1.1% during the 2nd quarter. Texas Permanent School Fund now owns 84,657 shares of the oil and gas company’s stock valued at $236,000 after acquiring an additional 938 shares in the last quarter. Principal Financial Group Inc. grew its stake in 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 valued at $2,517,000 after acquiring an additional 2,786 shares in the last quarter. Prudential Financial Inc. grew its stake in Tetra Technologies by 1.6% during the 1st quarter. Prudential Financial Inc. now owns 193,810 shares of the oil and gas company’s stock valued at $789,000 after acquiring an additional 3,080 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in Tetra Technologies by 1.9% during the 1st quarter. Legal & General Group Plc now owns 193,258 shares of the oil and gas company’s stock valued at $787,000 after acquiring an additional 3,513 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.
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Shares of Tetra Technologies, Inc. (NYSE:TTI) opened at $2.97 on Friday. Tetra Technologies, Inc. has a 12 month low of $1.85 and a 12 month high of $5.98. The company has a current ratio of 2.36, a quick ratio of 1.48 and a debt-to-equity ratio of 1.69.
Tetra Technologies (NYSE:TTI) last announced its quarterly earnings results on Wednesday, August 9th. The oil and gas company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.03). The firm had revenue of $208.37 million during the quarter, compared to the consensus estimate of $204.19 million. Tetra Technologies had a negative net margin of 8.27% and a negative return on equity of 9.56%. The company’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.15) EPS. equities research analysts anticipate that Tetra Technologies, Inc. will post -0.22 EPS for the current fiscal year.
Several equities analysts have weighed in on TTI shares. ValuEngine cut Tetra Technologies from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Zacks Investment Research raised Tetra Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. J P Morgan Chase & Co cut Tetra Technologies from an “overweight” rating to a “neutral” rating in a research note on Tuesday, September 12th. Piper Jaffray Companies set a $4.00 target price on Tetra Technologies and gave the company a “buy” rating in a research note on Wednesday, October 11th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $3.25 target price on shares of Tetra Technologies in a research note on Thursday, July 20th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $5.17.
About Tetra Technologies
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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