SIR Capital Management L.P. Decreases Stock Holdings in TETRA Technologies, Inc. (NYSE:TTI)

SIR Capital Management L.P. lessened its position in shares of TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 62.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 247,746 shares of the oil and gas company's stock after selling 406,600 shares during the quarter. SIR Capital Management L.P. owned about 0.19% of TETRA Technologies worth $887,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TTI. KLCM Advisors Inc. purchased a new stake in shares of TETRA Technologies during the 4th quarter valued at $36,000. HighTower Advisors LLC acquired a new stake in TETRA Technologies in the fourth quarter worth about $39,000. Aquatic Capital Management LLC purchased a new stake in shares of TETRA Technologies during the fourth quarter worth about $40,000. Cibc World Markets Corp purchased a new stake in shares of TETRA Technologies during the fourth quarter worth about $42,000. Finally, M&T Bank Corp acquired a new position in shares of TETRA Technologies during the fourth quarter valued at about $53,000. Hedge funds and other institutional investors own 70.19% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TTI. Stifel Nicolaus dropped their target price 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. D. Boral Capital reduced their target price on TETRA Technologies from $5.50 to $4.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, StockNews.com lowered TETRA Technologies from a "buy" rating to a "hold" rating in a research report on Friday, May 9th.

TETRA Technologies Price Performance

Shares of TTI stock traded down $0.10 during trading hours on Wednesday, hitting $2.77. 373,381 shares of the company's stock were exchanged, compared to its average volume of 1,214,387. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 1.16. The firm has a market cap of $367.95 million, a P/E ratio of 139.32 and a beta of 1.31. TETRA Technologies, Inc. has a fifty-two week low of $2.03 and a fifty-two week high of $5.12. The firm has a 50 day moving average of $2.86 and a two-hundred day moving average of $3.57.

TETRA Technologies (NYSE:TTI - Get Free Report) last announced 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 business had revenue of $157.14 million during the quarter, compared to analysts' expectations of $160.52 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. Sell-side analysts forecast that TETRA Technologies, Inc. will post 0.15 EPS for the current 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.