TETRA Technologies, Inc. (NYSE:TTI) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. raised its holdings in TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 32.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,559,054 shares of the oil and gas company's stock after buying an additional 378,488 shares during the quarter. Ameriprise Financial Inc. owned about 1.18% of TETRA Technologies worth $5,581,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stoneridge Investment Partners LLC lifted its position in TETRA Technologies by 23.1% in the 4th quarter. Stoneridge Investment Partners LLC now owns 35,674 shares of the oil and gas company's stock valued at $128,000 after acquiring an additional 6,684 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of TETRA Technologies by 6.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 142,394 shares of the oil and gas company's stock valued at $510,000 after acquiring an additional 8,323 shares during the period. Boston Partners raised its holdings in TETRA Technologies by 2.6% during the fourth quarter. Boston Partners now owns 352,384 shares of the oil and gas company's stock valued at $1,262,000 after acquiring an additional 8,873 shares during the period. KLCM Advisors Inc. bought a new position in shares of TETRA Technologies during the 4th quarter valued at about $36,000. Finally, HighTower Advisors LLC purchased a new stake in shares of TETRA Technologies in the fourth quarter worth about $39,000. 70.19% of the stock is owned by hedge funds and other institutional investors.

TETRA Technologies Price Performance

Shares of TETRA Technologies stock traded up $0.04 during mid-day trading on Thursday, reaching $2.74. 145,900 shares of the stock traded hands, compared to its average volume of 1,196,712. TETRA Technologies, Inc. has a fifty-two week low of $2.03 and a fifty-two week high of $5.12. The stock has a market capitalization of $363.95 million, a PE ratio of 135.82 and a beta of 1.31. The business has a 50-day moving average of $2.79 and a 200 day moving average of $3.53. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 1.16.

TETRA Technologies (NYSE:TTI - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The oil and gas company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03. The firm had revenue of $157.14 million for the quarter, compared to analyst estimates of $160.52 million. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. On average, analysts predict that TETRA Technologies, Inc. will post 0.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. D. Boral Capital reduced their target price on shares of TETRA Technologies from $5.50 to $4.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Stifel Nicolaus lowered their target price on shares of TETRA Technologies from $7.00 to $6.50 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Finally, Wall Street Zen lowered shares of TETRA Technologies from a "buy" rating to a "hold" rating in a report on Friday, May 9th.

TETRA Technologies Profile

TETRA Technologies, Inc, together with its subsidiaries, operates as an energy services and solutions company. It operates through two segments, Completion Fluids & Products Division and Water & Flowback Services. The Completion Fluids & Products segment manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, as well as in Latin America, Europe, Asia, the Middle East, and Africa.