Arizona State Retirement System raised its stake in shares of Tetra Technologies, Inc. (NYSE:TTI) by 79.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 60,290 shares of the oil and gas company’s stock after buying an additional 26,700 shares during the period. Arizona State Retirement System owned about 0.05% of Tetra Technologies worth $245,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in TTI. Comerica Bank boosted its position in Tetra Technologies by 30.0% in the fourth quarter. Comerica Bank now owns 121,676 shares of the oil and gas company’s stock valued at $574,000 after buying an additional 28,058 shares in the last quarter. State Street Corp raised its position in shares of Tetra Technologies by 19.5% in the fourth quarter. State Street Corp now owns 3,045,253 shares of the oil and gas company’s stock worth $15,294,000 after buying an additional 496,384 shares during the period. FMR LLC raised its position in shares of Tetra Technologies by 111.3% in the fourth quarter. FMR LLC now owns 5,793,798 shares of the oil and gas company’s stock worth $29,085,000 after buying an additional 3,051,513 shares during the period. A.R.T. Advisors LLC raised its position in Tetra Technologies by 200.0% in the fourth quarter. A.R.T. Advisors LLC now owns 83,100 shares of the oil and gas company’s stock valued at $417,000 after buying an additional 55,400 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in Tetra Technologies by 19.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 701,740 shares of the oil and gas company’s stock valued at $3,523,000 after buying an additional 115,740 shares during the last quarter. Institutional investors and hedge funds own 93.61% of the company’s stock.
Tetra Technologies, Inc. (NYSE:TTI) opened at 2.88 on Tuesday. The stock has a 50 day moving average price of $3.11 and a 200-day moving average price of $4.01. The firm’s market cap is $333.94 million. Tetra Technologies, Inc. has a 12-month low of $2.49 and a 12-month high of $6.77.
Tetra Technologies (NYSE:TTI) last announced its earnings results on Wednesday, May 10th. The oil and gas company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.02. The firm had revenue of $168 million for the quarter, compared to the consensus estimate of $168.64 million. Tetra Technologies had a negative return on equity of 11.46% and a negative net margin of 10.90%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.16) EPS. Equities analysts forecast that Tetra Technologies, Inc. will post ($0.17) earnings per share for the current year.
Several research analysts recently weighed in on the stock. Royal Bank Of Canada set a $5.00 target price on shares of Tetra Technologies and gave the company a “hold” rating in a research note on Friday, June 16th. Zacks Investment Research cut shares of Tetra Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Johnson Rice upgraded shares of Tetra Technologies from an “accumulate” rating to a “buy” rating and set a $6.00 price target for the company in a research note on Thursday, April 13th. Credit Suisse Group raised shares of Tetra Technologies from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $5.00 to $5.50 in a report on Tuesday, April 11th. Finally, Morgan Stanley reduced their price target on shares of Tetra Technologies from $5.50 to $4.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $6.08.
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.
Receive News & Ratings for Tetra Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tetra Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.