Everett Harris & Co. CA Purchases 180,312 Shares of Tetra Technologies, Inc. (NYSE:TTI)

Key Points

• Everett Harris & Co. CA increased its investment in Tetra Technologies by 37.8%, acquiring 180,312 additional shares and boosting its total ownership to 657,385 shares valued at approximately $2.2 million.
• Tetra Technologies reported earnings of $0.09 per share, which met analysts' expectations, and had revenue of $173.87 million for the quarter.
• Wall Street analysts have differing views on the stock, with price targets ranging from $4.00 to $6.50, reflecting varied ratings from "buy" to "hold."

Everett Harris & Co. CA increased its stake in shares of Tetra Technologies, Inc. (NYSE:TTI - Free Report) by 37.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 657,385 shares of the oil and gas company's stock after buying an additional 180,312 shares during the quarter. Everett Harris & Co. CA owned 0.49% of Tetra Technologies worth $2,209,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TTI. Aquatic Capital Management LLC bought a new stake in Tetra Technologies during the fourth quarter worth $40,000. Byrne Asset Management LLC increased its position in shares of Tetra Technologies by 67.9% during the 1st quarter. Byrne Asset Management LLC now owns 15,277 shares of the oil and gas company's stock valued at $51,000 after purchasing an additional 6,177 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Tetra Technologies during the 1st quarter valued at $61,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Tetra Technologies during the 4th quarter valued at $63,000. Finally, Caption Management LLC purchased a new stake in shares of Tetra Technologies during the 4th quarter valued at $92,000. Institutional investors own 70.19% of the company's stock.

Tetra Technologies Price Performance

Shares of TTI traded up $0.03 during trading hours on Tuesday, reaching $3.95. 1,112,003 shares of the company's stock traded hands, compared to its average volume of 1,475,099. The stock has a market cap of $525.79 million, a PE ratio of 4.59 and a beta of 1.33. The company has a current ratio of 2.47, a quick ratio of 1.61 and a debt-to-equity ratio of 0.62. The firm's 50 day simple moving average is $3.53 and its 200-day simple moving average is $3.37. Tetra Technologies, Inc. has a 12 month low of $2.03 and a 12 month high of $5.12.

Tetra Technologies (NYSE:TTI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The oil and gas company reported $0.09 earnings per share for the quarter, meeting analysts' consensus estimates of $0.09. The company had revenue of $173.87 million for the quarter, compared to analysts' expectations of $172.46 million. Tetra Technologies had a return on equity of 14.10% and a net margin of 18.95%. Equities analysts expect that Tetra Technologies, Inc. will post 0.15 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Stifel Nicolaus increased their price target on Tetra Technologies from $6.00 to $6.50 and gave the stock a "buy" rating in a research note on Thursday, July 31st. D. Boral Capital lifted their price objective on Tetra Technologies from $4.00 to $5.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Wall Street Zen raised Tetra Technologies from a "hold" rating to a "buy" rating in a report on Saturday.

About Tetra Technologies

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.