Skylands Capital LLC Takes Position in Tetra Technologies, Inc. (NYSE:TTI)

Skylands Capital LLC acquired a new stake in Tetra Technologies, Inc. (NYSE:TTI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 95,600 shares of the oil and gas company's stock, valued at approximately $321,000. Skylands Capital LLC owned 0.07% of Tetra Technologies as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TTI. HighTower Advisors LLC bought a new position in shares of Tetra Technologies in the fourth quarter worth $39,000. Aquatic Capital Management LLC acquired a new stake in Tetra Technologies during the fourth quarter worth about $40,000. Cibc World Markets Corp bought a new position in Tetra Technologies in the 4th quarter valued at about $42,000. Byrne Asset Management LLC increased its holdings in Tetra Technologies by 67.9% in 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 buying an additional 6,177 shares during the period. Finally, M&T Bank Corp acquired a new position in shares of Tetra Technologies in the 4th quarter valued at approximately $53,000. Institutional investors and hedge funds own 70.19% of the company's stock.

Tetra Technologies Stock Performance

Shares of TTI remained flat at $3.40 during mid-day trading on Thursday. 1,062,360 shares of the stock were exchanged, compared to its average volume of 1,432,935. The business's fifty day moving average price is $3.06 and its 200 day moving average price is $3.44. Tetra Technologies, Inc. has a one year low of $2.03 and a one year high of $5.12. The company has a quick ratio of 1.61, a current ratio of 2.54 and a debt-to-equity ratio of 0.66. The company has a market cap of $452.44 million, a P/E ratio of 4.05 and a beta of 1.37.

Tetra Technologies (NYSE:TTI - Get Free Report) last issued its quarterly earnings data 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. Tetra Technologies had a net margin of 18.41% and a return on equity of 14.49%. The business had revenue of $157.14 million during the quarter, compared to the consensus estimate of $160.52 million. As a group, equities analysts forecast that Tetra Technologies, Inc. will post 0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TTI shares. Wall Street Zen cut shares of Tetra Technologies from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. D. Boral Capital reduced their target price on Tetra Technologies from $5.50 to $4.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Stifel Nicolaus decreased 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.

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.