F m Investments LLC Buys New Holdings in Tetra Technologies, Inc. $TTI

F m Investments LLC bought a new stake in shares of Tetra Technologies, Inc. (NYSE:TTI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 102,220 shares of the oil and gas company’s stock, valued at approximately $958,000.

Other institutional investors also recently bought and sold shares of the company. Stone House Investment Management LLC purchased a new stake in Tetra Technologies during the 4th quarter valued at about $39,000. State of Alaska Department of Revenue purchased a new stake in Tetra Technologies during the 3rd quarter valued at about $28,000. Generali Investments Management Co LLC purchased a new stake in Tetra Technologies during the 4th quarter valued at about $54,000. Sowell Financial Services LLC purchased a new stake in Tetra Technologies during the 4th quarter valued at about $94,000. Finally, Vestmark Advisory Solutions Inc. purchased a new stake in Tetra Technologies during the 3rd quarter valued at about $58,000. 70.19% of the stock is currently owned by hedge funds and other institutional investors.

Tetra Technologies Price Performance

Shares of Tetra Technologies stock opened at $9.79 on Monday. The company has a quick ratio of 1.20, a current ratio of 2.02 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.32 billion, a PE ratio of 195.76 and a beta of 1.21. The business has a 50 day moving average of $8.75 and a 200 day moving average of $9.15. Tetra Technologies, Inc. has a 52 week low of $2.63 and a 52 week high of $12.54.

Tetra Technologies (NYSE:TTI) last announced its earnings results on Wednesday, April 29th. The oil and gas company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. The company had revenue of $156.25 million during the quarter, compared to the consensus estimate of $151.20 million. Tetra Technologies had a return on equity of 10.50% and a net margin of 1.15%. As a group, equities research analysts forecast that Tetra Technologies, Inc. will post 0.26 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TTI shares. Weiss Ratings upgraded Tetra Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. Clear Str lowered Tetra Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Finally, Stifel Nicolaus boosted their target price on Tetra Technologies from $9.00 to $13.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $10.25.

Tetra Technologies Company Profile

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.