TETRA Technologies, Inc. (NYSE:TTI) Shares Sold by Marshall Wace LLP

Marshall Wace LLP trimmed its position in shares of TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 76.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,321 shares of the oil and gas company's stock after selling 169,598 shares during the period. Marshall Wace LLP's holdings in TETRA Technologies were worth $191,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TTI. KLCM Advisors Inc. bought a new stake in shares of TETRA Technologies during the fourth quarter valued at approximately $36,000. HighTower Advisors LLC acquired a new position in TETRA Technologies during the 4th quarter worth $39,000. Cibc World Markets Corp acquired a new position in TETRA Technologies during the 4th quarter worth $42,000. M&T Bank Corp bought a new position in shares of TETRA Technologies in 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 valued at $63,000. Institutional investors own 70.19% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TTI. StockNews.com raised shares of TETRA Technologies from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. D. Boral Capital reduced their price target 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. Finally, Stifel Nicolaus decreased their price objective on shares of TETRA Technologies from $7.00 to $6.50 and set a "buy" rating for the company in a report on Tuesday, April 15th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $6.17.

TETRA Technologies Trading Down 1.3 %

Shares of TTI stock opened at $2.73 on Tuesday. The stock has a 50-day simple moving average of $2.97 and a 200 day simple moving average of $3.59. The stock has a market capitalization of $362.62 million, a P/E ratio of 136.32 and a beta of 1.54. TETRA Technologies, Inc. has a fifty-two week low of $2.03 and a fifty-two week high of $5.12. 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 (NYSE:TTI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The oil and gas company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. The company had revenue of $157.14 million for the quarter, compared to analysts' expectations of $160.52 million. On average, sell-side analysts expect that TETRA Technologies, Inc. will post 0.15 earnings per share 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.

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