TETRA Technologies, Inc. (NYSE:TTI) Shares Acquired by Mariner LLC

Mariner LLC grew its position in shares of TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 160.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 163,470 shares of the oil and gas company's stock after acquiring an additional 100,596 shares during the quarter. Mariner LLC owned about 0.12% of TETRA Technologies worth $585,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of TTI. KLCM Advisors Inc. purchased a new stake in shares of TETRA Technologies during the 4th quarter valued at about $36,000. HighTower Advisors LLC purchased a new position in TETRA Technologies in the 4th quarter valued at about $39,000. Cibc World Markets Corp purchased a new position in TETRA Technologies in the 4th quarter valued at about $42,000. M&T Bank Corp acquired a new stake in shares of TETRA Technologies during the fourth quarter valued at about $53,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of TETRA Technologies during the fourth quarter worth about $63,000. 70.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TTI has been the topic of a number of recent analyst reports. StockNews.com raised TETRA Technologies from a "hold" rating to a "buy" rating in a research report on Thursday. Stifel Nicolaus reduced their price objective on shares of TETRA Technologies from $7.00 to $6.50 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Finally, D. Boral Capital decreased their price objective on shares of TETRA Technologies from $5.50 to $4.00 and set a "buy" rating for the company in a report on Thursday. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $6.17.

TETRA Technologies Stock Performance

Shares of TETRA Technologies stock traded up $0.11 during trading hours on Friday, reaching $2.76. The company's stock had a trading volume of 1,417,279 shares, compared to its average volume of 1,225,107. TETRA Technologies, Inc. has a one year low of $2.03 and a one year high of $5.12. The company's 50 day simple moving average is $3.00 and its 200 day simple moving average is $3.59. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.51 and a current ratio of 2.33. The stock has a market cap of $367.28 million, a P/E ratio of 138.07 and a beta of 1.54.

TETRA Technologies (NYSE:TTI - Get Free Report) last issued its earnings results 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. The company had revenue of $157.14 million during the quarter, compared to the consensus estimate of $160.52 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. As a group, analysts expect that TETRA Technologies, Inc. will post 0.15 EPS for the current fiscal year.

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.