178,309 Shares in Tetra Technologies, Inc. $TTI Bought by Teachers Retirement System of The State of Kentucky

Key Points

• Teachers Retirement System of the State of Kentucky purchased a new position of 178,309 shares in Tetra Technologies in Q4, valued at about $1.67 million and representing roughly 0.13% of the company.
• Tetra's most recent quarter reported EPS of $0.02 (missing the $0.03 estimate) while revenue of $146.68M beat expectations; the stock trades near $9.74 with a market cap of $1.32B and a one‑year range of $2.60–$12.54.
• Analysts hold a consensus "Moderate Buy" with a $10.25 target (four Buy, two Hold), and firms like Stifel and Northland recently raised their price targets.

Teachers Retirement System of The State of Kentucky purchased a new position in shares of Tetra Technologies, Inc. (NYSE:TTI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 178,309 shares of the oil and gas company's stock, valued at approximately $1,671,000. Teachers Retirement System of The State of Kentucky owned 0.13% of Tetra Technologies at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new stake in Tetra Technologies during the 3rd quarter worth $28,000. Stone House Investment Management LLC purchased a new stake in Tetra Technologies during the 4th quarter worth $39,000. Osaic Holdings Inc. boosted its position in Tetra Technologies by 647.1% during the 2nd quarter. Osaic Holdings Inc. now owns 12,700 shares of the oil and gas company's stock worth $43,000 after purchasing an additional 11,000 shares during the period. Tower Research Capital LLC TRC boosted its position in Tetra Technologies by 235.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 14,536 shares of the oil and gas company's stock worth $49,000 after purchasing an additional 10,204 shares during the period. Finally, Brevan Howard Capital Management LP purchased a new position in Tetra Technologies in the 2nd quarter valued at about $51,000. 70.19% of the stock is owned by hedge funds and other institutional investors.

Tetra Technologies Stock Performance

Shares of TTI stock opened at $9.74 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 2.02. Tetra Technologies, Inc. has a one year low of $2.60 and a one year high of $12.54. The company's 50-day simple moving average is $8.89 and its 200-day simple moving average is $9.05. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 486.75 and a beta of 1.22.

Tetra Technologies (NYSE:TTI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The oil and gas company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The company had revenue of $146.68 million for the quarter, compared to the consensus estimate of $140.98 million. Tetra Technologies had a return on equity of 12.56% and a net margin of 0.48%. Equities analysts anticipate that Tetra Technologies, Inc. will post 0.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TTI shares. Weiss Ratings reissued a "hold (c+)" rating on shares of Tetra Technologies in a research report on Friday, January 9th. Stifel Nicolaus upped their price objective 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 upped their price objective 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. Finally, Clear Str cut shares of Tetra Technologies from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 20th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Tetra Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $10.25.

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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