Zurcher Kantonalbank Zurich Cantonalbank Increases Position in TETRA Technologies, Inc. (NYSE:TTI)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of TETRA Technologies, Inc. (NYSE:TTI) by 26.5% during the fourth quarter, HoldingsChannel reports. The firm owned 28,028 shares of the oil and gas company’s stock after purchasing an additional 5,872 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in TETRA Technologies were worth $127,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC purchased a new position in shares of TETRA Technologies during the 4th quarter valued at about $26,000. Quantbot Technologies LP purchased a new position in shares of TETRA Technologies during the third quarter worth approximately $33,000. Byrne Asset Management LLC lifted its holdings in shares of TETRA Technologies by 63.3% in the 3rd quarter. Byrne Asset Management LLC now owns 9,800 shares of the oil and gas company’s stock worth $63,000 after acquiring an additional 3,800 shares during the last quarter. AXQ Capital LP purchased a new stake in shares of TETRA Technologies in the 3rd quarter valued at $90,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of TETRA Technologies during the 4th quarter valued at $90,000. Institutional investors own 70.19% of the company’s stock.

Wall Street Analysts Forecast Growth

TTI has been the subject of several recent research reports. Northland Securities initiated coverage on shares of TETRA Technologies in a research note on Tuesday, February 20th. They issued an “outperform” rating and a $6.00 price target for the company. Benchmark restated a “buy” rating and set a $8.00 target price on shares of TETRA Technologies in a report on Tuesday. One research 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.com, TETRA Technologies has an average rating of “Moderate Buy” and an average target price of $7.00.

TETRA Technologies Trading Up 3.5 %

Shares of TTI opened at $4.11 on Friday. The firm has a fifty day simple moving average of $4.34 and a two-hundred day simple moving average of $4.41. TETRA Technologies, Inc. has a twelve month low of $2.56 and a twelve month high of $6.77. The stock has a market capitalization of $538.98 million, a P/E ratio of 25.69 and a beta of 2.21. The company has a quick ratio of 1.64, a current ratio of 2.44 and a debt-to-equity ratio of 1.23.

TETRA Technologies (NYSE:TTI) last posted its earnings results on Tuesday, February 27th. The oil and gas company reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03. TETRA Technologies had a net margin of 3.27% and a return on equity of 25.42%. The company had revenue of $153.13 million during the quarter, compared to analyst estimates of $144.76 million. On average, research analysts anticipate that TETRA Technologies, Inc. will post 0.27 EPS for the current year.

About TETRA Technologies

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.