Sequoia Financial Advisors LLC Purchases New Shares in TETRA Technologies, Inc. (NYSE:TTI)

Sequoia Financial Advisors LLC acquired a new position in shares of TETRA Technologies, Inc. (NYSE:TTI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,835 shares of the oil and gas company’s stock, valued at approximately $90,000.

Several other hedge funds have also modified their holdings of the stock. BlackRock Inc. boosted its holdings in TETRA Technologies by 13.9% in the second quarter. BlackRock Inc. now owns 10,143,273 shares of the oil and gas company’s stock valued at $34,284,000 after acquiring an additional 1,235,791 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in shares of TETRA Technologies by 1.1% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 7,646,844 shares of the oil and gas company’s stock worth $31,429,000 after buying an additional 79,627 shares during the last quarter. Vanguard Group Inc. lifted its holdings in TETRA Technologies by 1.0% in the third quarter. Vanguard Group Inc. now owns 6,539,199 shares of the oil and gas company’s stock valued at $41,720,000 after buying an additional 67,038 shares during the period. Gendell Jeffrey L boosted its stake in TETRA Technologies by 1.9% in the third quarter. Gendell Jeffrey L now owns 5,000,000 shares of the oil and gas company’s stock valued at $31,900,000 after acquiring an additional 93,334 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its holdings in TETRA Technologies by 94.9% during the 3rd quarter. Neuberger Berman Group LLC now owns 3,868,877 shares of the oil and gas company’s stock worth $13,889,000 after acquiring an additional 1,883,751 shares during the period. 70.19% of the stock is owned by institutional investors.

TETRA Technologies Stock Up 1.8 %

Shares of NYSE TTI opened at $4.42 on Monday. TETRA Technologies, Inc. has a 52-week low of $2.56 and a 52-week high of $6.77. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.47 and a current ratio of 2.24. The stock has a market cap of $579.64 million, a P/E ratio of 22.10 and a beta of 2.20. The firm has a 50 day moving average price of $4.26 and a 200 day moving average price of $4.58.

TETRA Technologies (NYSE:TTI) last announced its quarterly earnings results on Tuesday, February 27th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. The company had revenue of $153.13 million during the quarter, compared to analyst estimates of $144.76 million. TETRA Technologies had a net margin of 4.12% and a return on equity of 25.28%. Analysts expect that TETRA Technologies, Inc. will post 0.23 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Northland Securities assumed coverage on TETRA Technologies in a research report on Tuesday, February 20th. They issued an “outperform” rating and a $6.00 price target on the stock. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $7.00.

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.