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 grew its position in shares of Tetra Technologies, Inc. (NYSE:TTI - Free Report) by 37.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 657,385 shares of the oil and gas company's stock after buying an additional 180,312 shares during the period. Everett Harris & Co. CA owned 0.49% of Tetra Technologies worth $2,209,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Tetra Technologies by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,839 shares of the oil and gas company's stock worth $257,000 after purchasing an additional 3,124 shares in the last quarter. Diversified Trust Co lifted its holdings in Tetra Technologies by 10.3% during the 1st quarter. Diversified Trust Co now owns 43,565 shares of the oil and gas company's stock worth $146,000 after purchasing an additional 4,058 shares in the last quarter. Byrne Asset Management LLC lifted its holdings in 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 worth $51,000 after purchasing an additional 6,177 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in 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 worth $510,000 after purchasing an additional 8,323 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in Tetra Technologies by 4.3% during the 1st quarter. Rhumbline Advisers now owns 216,479 shares of the oil and gas company's stock worth $727,000 after purchasing an additional 8,857 shares in the last quarter. Hedge funds and other institutional investors own 70.19% of the company's stock.

Tetra Technologies Price Performance

NYSE TTI traded down $0.01 during trading on Monday, reaching $3.92. The company's stock had a trading volume of 1,380,214 shares, compared to its average volume of 1,477,951. The stock has a market capitalization of $521.79 million, a PE ratio of 4.55 and a beta of 1.33. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.47 and a quick ratio of 1.61. The firm has a fifty day moving average of $3.51 and a 200 day moving average of $3.37. Tetra Technologies, Inc. has a one year low of $2.03 and a one year high of $5.12.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wall Street Zen raised Tetra Technologies from a "hold" rating to a "buy" rating in a report on Saturday. Stifel Nicolaus upped their target price on Tetra Technologies from $6.00 to $6.50 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, D. Boral Capital upped their target price on Tetra Technologies from $4.00 to $5.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st.

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.