Simplicity Solutions LLC Buys 7,095 Shares of TETRA Technologies, Inc. (NYSE:TTI)

Simplicity Solutions LLC boosted its stake in shares of TETRA Technologies, Inc. (NYSE:TTI) by 38.4% in the fourth quarter, Holdings Channel reports. The firm owned 25,559 shares of the oil and gas company’s stock after acquiring an additional 7,095 shares during the period. Simplicity Solutions LLC’s holdings in TETRA Technologies were worth $116,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in TTI. Raymond James & Associates boosted its position in TETRA Technologies by 4.6% during the first quarter. Raymond James & Associates now owns 66,683 shares of the oil and gas company’s stock worth $274,000 after purchasing an additional 2,946 shares during the period. American Century Companies Inc. boosted its position in TETRA Technologies by 13.1% during the first quarter. American Century Companies Inc. now owns 521,195 shares of the oil and gas company’s stock worth $2,142,000 after purchasing an additional 60,320 shares during the period. Rhumbline Advisers boosted its position in TETRA Technologies by 23.0% during the first quarter. Rhumbline Advisers now owns 119,355 shares of the oil and gas company’s stock worth $491,000 after purchasing an additional 22,327 shares during the period. Covestor Ltd bought a new stake in TETRA Technologies during the first quarter worth approximately $31,000. Finally, Fuller & Thaler Asset Management Inc. boosted its position in 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 purchasing an additional 79,627 shares during the period. Institutional investors own 70.19% of the company’s stock.

Analysts Set New Price Targets

Separately, Northland Securities initiated coverage on TETRA Technologies in a research report on Tuesday, February 20th. They set an “outperform” rating and a $6.00 target price for the company. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $7.00.

TETRA Technologies Stock Up 1.8 %

Shares of TTI stock opened at $4.42 on Monday. TETRA Technologies, Inc. has a 12 month low of $2.56 and a 12 month high of $6.77. The firm has a market cap of $579.64 million, a PE ratio of 22.10 and a beta of 2.20. The stock has a 50 day moving average of $4.26 and a 200-day moving average of $4.58. The company has a quick ratio of 1.47, a current ratio of 2.24 and a debt-to-equity ratio of 1.07.

TETRA Technologies (NYSE:TTI) last issued its quarterly earnings results on Tuesday, February 27th. The oil and gas company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. TETRA Technologies had a return on equity of 25.28% and a net margin of 4.12%. The company had revenue of $153.13 million during the quarter, compared to analyst estimates of $144.76 million. On average, equities analysts predict that TETRA Technologies, Inc. will post 0.23 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.