Russell Investments Group Ltd. Acquires 145,625 Shares of TETRA Technologies, Inc. (NYSE:TTI)

Russell Investments Group Ltd. increased its position in shares of TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 20.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 861,028 shares of the oil and gas company's stock after acquiring an additional 145,625 shares during the period. Russell Investments Group Ltd. owned about 0.65% of TETRA Technologies worth $3,082,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

TTI has been the topic of several recent research reports. Stifel Nicolaus cut their price objective on TETRA Technologies from $7.00 to $6.50 and set a "buy" rating on the stock in a report on Tuesday, April 15th. D. Boral Capital reissued a "buy" rating and set a $5.50 price target on shares of TETRA Technologies in a research note on Wednesday, March 26th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $6.67.

TETRA Technologies Trading Up 4.1 %

TTI traded up $0.10 during midday trading on Tuesday, hitting $2.44. 1,940,993 shares of the company were exchanged, compared to its average volume of 1,211,692. The firm has a market capitalization of $322.38 million, a P/E ratio of 121.81 and a beta of 1.54. The firm's 50 day moving average price is $3.26 and its 200-day moving average price is $3.63. The company has a quick ratio of 1.51, a current ratio of 2.33 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.

TETRA Technologies (NYSE:TTI - Get Free Report) last released its earnings results on Tuesday, February 25th. The oil and gas company reported $0.03 earnings per share for the quarter, meeting analysts' consensus estimates of $0.03. The business had revenue of $134.50 million during the quarter, compared to the consensus estimate of $138.96 million. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. As a group, equities analysts forecast that TETRA Technologies, Inc. will post 0.15 EPS for the current fiscal year.

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.