Alps Advisors Inc. Buys New Stake in Tetra Technologies, Inc. $TTI

Alps Advisors Inc. purchased a new stake in Tetra Technologies, Inc. (NYSE:TTI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 96,400 shares of the oil and gas company’s stock, valued at approximately $554,000. Alps Advisors Inc. owned approximately 0.07% of Tetra Technologies at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TTI. JPMorgan Chase & Co. increased its holdings in shares of Tetra Technologies by 0.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 389,606 shares of the oil and gas company’s stock valued at $1,309,000 after acquiring an additional 3,547 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Tetra Technologies by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 48,840 shares of the oil and gas company’s stock valued at $164,000 after purchasing an additional 3,551 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in Tetra Technologies in the third quarter valued at approximately $28,000. Van Hulzen Asset Management LLC raised its holdings in Tetra Technologies by 11.1% during the second quarter. Van Hulzen Asset Management LLC now owns 70,000 shares of the oil and gas company’s stock worth $235,000 after purchasing an additional 7,000 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Tetra Technologies by 37.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 26,569 shares of the oil and gas company’s stock worth $153,000 after buying an additional 7,289 shares during the last quarter. 70.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TTI has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their target price on shares of Tetra Technologies from $9.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Clear Str downgraded shares of Tetra Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. CJS Securities assumed coverage on Tetra Technologies in a report on Thursday, December 11th. They set an “outperform” rating and a $11.50 price objective on the stock. Northland Securities lifted their target price on Tetra Technologies from $8.50 to $11.50 and gave the stock an “outperform” rating in a research report on Wednesday, December 31st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Tetra Technologies in a research report on Friday, January 9th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $10.25.

Tetra Technologies Stock Performance

NYSE:TTI opened at $10.57 on Friday. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 11.62 and a beta of 1.24. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.35 and a quick ratio of 1.56. Tetra Technologies, Inc. has a 1-year low of $2.03 and a 1-year high of $12.54. The firm’s fifty day moving average price is $10.28 and its 200 day moving average price is $7.43.

About Tetra Technologies

Tetra Technologies, Inc (NYSE: TTI) is a provider of specialized products and services to the upstream oil and gas industry. The company operates through two primary segments: Oilfield Services, which offers hydraulic fracturing and wellsite fluid systems, and Chemical Solutions, which manufactures and delivers a broad range of drilling, completion and production chemicals. Tetra’s integrated service model spans the design, blending and on-site delivery of fluids, as well as pumping equipment and related wellsite operations.

Within the Oilfield Services segment, Tetra supplies pressure pumping fleets and associated equipment to support onshore hydraulic fracturing and well placement activities.