Northern Trust Corp Purchases 99,588 Shares of TETRA Technologies, Inc. (NYSE:TTI)

Northern Trust Corp boosted its stake in TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,189,713 shares of the oil and gas company's stock after buying an additional 99,588 shares during the quarter. Northern Trust Corp owned approximately 0.90% of TETRA Technologies worth $4,259,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TTI. Icon Advisers Inc. Co. acquired a new position in TETRA Technologies in the fourth quarter worth $2,377,000. Stifel Financial Corp boosted its stake in TETRA Technologies by 224.8% in the fourth quarter. Stifel Financial Corp now owns 702,895 shares of the oil and gas company's stock worth $2,516,000 after purchasing an additional 486,456 shares in the last quarter. American Century Companies Inc. boosted its stake in TETRA Technologies by 36.3% in the fourth quarter. American Century Companies Inc. now owns 1,734,653 shares of the oil and gas company's stock worth $6,210,000 after purchasing an additional 462,213 shares in the last quarter. HITE Hedge Asset Management LLC boosted its stake in TETRA Technologies by 32.7% in the fourth quarter. HITE Hedge Asset Management LLC now owns 1,681,509 shares of the oil and gas company's stock worth $6,020,000 after purchasing an additional 414,640 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in TETRA Technologies by 233.2% in the third quarter. JPMorgan Chase & Co. now owns 510,705 shares of the oil and gas company's stock worth $1,583,000 after purchasing an additional 357,455 shares in the last quarter. Institutional investors and hedge funds own 70.19% of the company's stock.

TETRA Technologies Trading Up 1.1%

Shares of TTI traded up $0.03 during trading hours on Tuesday, hitting $2.77. 1,261,262 shares of the stock traded hands, compared to its average volume of 1,204,834. The company has a current ratio of 2.33, a quick ratio of 1.51 and a debt-to-equity ratio of 1.16. TETRA Technologies, Inc. has a 1-year low of $2.03 and a 1-year high of $5.12. The firm has a market capitalization of $368.61 million, a PE ratio of 138.57 and a beta of 1.31. The business has a fifty day moving average of $2.80 and a 200-day moving average of $3.54.

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

Wall Street Analysts Forecast Growth

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

TETRA Technologies Company 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.