Raymond James Financial Inc. acquired a new stake in TETRA Technologies, Inc. (NYSE:TTI - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 145,618 shares of the oil and gas company's stock, valued at approximately $521,000. Raymond James Financial Inc. owned about 0.11% of TETRA Technologies as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in TETRA Technologies by 233.2% during the third quarter. JPMorgan Chase & Co. now owns 510,705 shares of the oil and gas company's stock valued at $1,583,000 after acquiring an additional 357,455 shares during the last quarter. Barclays PLC boosted its position in shares of TETRA Technologies by 369.6% during the 3rd quarter. Barclays PLC now owns 209,873 shares of the oil and gas company's stock valued at $650,000 after purchasing an additional 165,184 shares in the last quarter. Norges Bank acquired a new stake in TETRA Technologies during the fourth quarter worth approximately $812,000. Charles Schwab Investment Management Inc. increased its holdings in TETRA Technologies by 9.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,086,670 shares of the oil and gas company's stock worth $3,890,000 after purchasing an additional 92,493 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in TETRA Technologies by 17.1% in the fourth quarter. Wells Fargo & Company MN now owns 133,664 shares of the oil and gas company's stock valued at $479,000 after buying an additional 19,528 shares during the period. 70.19% of the stock is currently owned by institutional investors and hedge funds.
TETRA Technologies Stock Up 1.7 %
Shares of TTI traded up $0.05 during trading hours on Friday, reaching $2.97. The stock had a trading volume of 942,939 shares, compared to its average volume of 1,221,695. The company has a market capitalization of $395.23 million, a price-to-earnings ratio of 148.57 and a beta of 1.31. The firm has a 50-day simple moving average of $2.91 and a 200 day simple moving average of $3.58. 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 12 month low of $2.03 and a 12 month high of $5.12.
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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.03. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. The firm had revenue of $157.14 million during the quarter, compared to analysts' expectations of $160.52 million. Equities research analysts predict that TETRA Technologies, Inc. will post 0.15 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on TTI. D. Boral Capital lowered their price objective on shares of TETRA Technologies from $5.50 to $4.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. StockNews.com downgraded shares of TETRA Technologies from a "buy" rating to a "hold" rating in a research note on Friday. Finally, Stifel Nicolaus cut 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 report on Tuesday, April 15th.
Check Out Our Latest Analysis on TTI
About TETRA Technologies
(
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.
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