Royce & Associates LP purchased a new stake in shares of Tetra Technologies, Inc. (NYSE:TTI - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 803,910 shares of the oil and gas company's stock, valued at approximately $2,701,000. Royce & Associates LP owned approximately 0.60% of Tetra Technologies at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the stock. Teacher Retirement System of Texas purchased a new position in Tetra Technologies during the first quarter valued at approximately $61,000. Skylands Capital LLC purchased a new position in Tetra Technologies during the first quarter valued at approximately $321,000. Diversified Trust Co raised its position in Tetra Technologies by 10.3% during the first quarter. Diversified Trust Co now owns 43,565 shares of the oil and gas company's stock valued at $146,000 after acquiring an additional 4,058 shares in the last quarter. Byrne Asset Management LLC raised its position in Tetra Technologies by 67.9% during the first quarter. Byrne Asset Management LLC now owns 15,277 shares of the oil and gas company's stock valued at $51,000 after acquiring an additional 6,177 shares in the last quarter. Finally, Pullen Investment Management LLC raised its position in Tetra Technologies by 2.1% during the first quarter. Pullen Investment Management LLC now owns 518,371 shares of the oil and gas company's stock valued at $1,742,000 after acquiring an additional 10,721 shares in the last quarter. 70.19% of the stock is currently owned by hedge funds and other institutional investors.
Tetra Technologies Stock Down 1.2%
Tetra Technologies stock opened at $3.72 on Monday. The stock has a market capitalization of $494.36 million, a PE ratio of 4.42 and a beta of 1.37. Tetra Technologies, Inc. has a 12 month low of $2.03 and a 12 month high of $5.12. The business has a 50 day simple moving average of $3.28 and a 200-day simple moving average of $3.42. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.54 and a quick ratio of 1.61.
Tetra Technologies (NYSE:TTI - Get Free Report) last posted 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 14.49% and a net margin of 18.41%. The business had revenue of $157.14 million during the quarter, compared to analysts' expectations of $160.52 million. On average, analysts anticipate that Tetra Technologies, Inc. will post 0.15 EPS for the current fiscal year.
Analysts Set New Price Targets
TTI has been the subject of several recent research reports. Wall Street Zen cut Tetra Technologies from a "buy" rating to a "hold" rating in a research report on Saturday. Stifel Nicolaus cut their price objective on Tetra Technologies from $6.50 to $6.00 and set a "buy" rating for the company in a research report on Wednesday, July 16th. Finally, D. Boral Capital cut their price objective on Tetra Technologies from $5.50 to $4.00 and set a "buy" rating for the company in a research report on Thursday, May 1st.
Read Our Latest Report on TTI
Tetra Technologies Company Profile
(
Free Report)
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.
Further Reading

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