Alliancebernstein L.P. Sells 8,610 Shares of TETRA Technologies, Inc. (NYSE:TTI)

Alliancebernstein L.P. trimmed its position in shares of TETRA Technologies, Inc. (NYSE:TTI) by 6.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 135,240 shares of the oil and gas company’s stock after selling 8,610 shares during the quarter. Alliancebernstein L.P. owned 0.10% of TETRA Technologies worth $484,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. FMR LLC boosted its stake in shares of TETRA Technologies by 75.0% during the 3rd quarter. FMR LLC now owns 18,858 shares of the oil and gas company’s stock worth $58,000 after purchasing an additional 8,084 shares during the period. Stifel Financial Corp boosted its position in shares of TETRA Technologies by 703.0% during the third quarter. Stifel Financial Corp now owns 216,439 shares of the oil and gas company’s stock valued at $671,000 after buying an additional 189,484 shares during the period. Barclays PLC grew its stake in shares of TETRA Technologies by 369.6% during the third quarter. Barclays PLC now owns 209,873 shares of the oil and gas company’s stock valued at $650,000 after buying an additional 165,184 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of TETRA Technologies by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,728,035 shares of the oil and gas company’s stock worth $8,458,000 after buying an additional 17,802 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of TETRA Technologies by 233.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 510,705 shares of the oil and gas company’s stock worth $1,583,000 after acquiring an additional 357,455 shares during the last quarter. Institutional investors own 70.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TTI. D. Boral Capital reaffirmed a “buy” rating and issued a $5.50 price objective on shares of TETRA Technologies in a research report on Wednesday, March 26th. Stifel Nicolaus reduced their price target on shares of TETRA Technologies from $7.00 to $6.50 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $6.67.

TETRA Technologies Trading Up 3.5 %

TTI opened at $2.49 on Monday. TETRA Technologies, Inc. has a 52 week low of $2.03 and a 52 week high of $5.12. The company has a market capitalization of $329.00 million, a P/E ratio of 124.31 and a beta of 1.54. The stock’s fifty day moving average is $3.34 and its two-hundred day moving average is $3.65. 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) last announced its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. The firm had revenue of $134.50 million for the quarter, compared to analyst estimates of $138.96 million. Analysts forecast that TETRA Technologies, Inc. will post 0.15 earnings per share 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.