LPL Financial LLC Sells 596,175 Shares of TETRA Technologies, Inc. (NYSE:TTI)

LPL Financial LLC lowered its holdings in shares of TETRA Technologies, Inc. (NYSE:TTI) by 96.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,807 shares of the oil and gas company’s stock after selling 596,175 shares during the quarter. LPL Financial LLC’s holdings in TETRA Technologies were worth $85,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. KLCM Advisors Inc. purchased a new position in shares of TETRA Technologies during the 4th quarter worth $36,000. HighTower Advisors LLC purchased a new position in shares of TETRA Technologies in the fourth quarter worth $39,000. Cibc World Markets Corp bought a new stake in shares of TETRA Technologies in the fourth quarter worth about $42,000. M&T Bank Corp bought a new position in shares of TETRA Technologies during the 4th quarter valued at approximately $53,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of TETRA Technologies in the 4th quarter valued at about $98,000. Hedge funds and other institutional investors own 70.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TTI shares. StockNews.com raised shares of TETRA Technologies from a “hold” rating to a “buy” rating in a research note on Thursday. D. Boral Capital lowered their price target on shares of TETRA Technologies from $5.50 to $4.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Stifel Nicolaus lowered their target price on shares of TETRA Technologies from $7.00 to $6.50 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $6.17.

TETRA Technologies Stock Down 6.7 %

TTI stock opened at $2.66 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.51 and a current ratio of 2.33. The firm has a market cap of $353.97 million, a PE ratio of 133.07 and a beta of 1.54. The firm’s fifty day moving average is $3.03 and its 200 day moving average is $3.59. TETRA Technologies, Inc. has a one year low of $2.03 and a one year high of $5.12.

TETRA Technologies (NYSE:TTI) last issued its quarterly earnings results on Tuesday, April 29th. The oil and gas company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $157.14 million for the quarter, compared to analyst estimates of $160.52 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. On average, research analysts forecast that TETRA Technologies, Inc. will post 0.15 EPS for the current year.

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.