Simcoe Capital LLC Takes Position in Tetra Technologies, Inc. $TTI

Simcoe Capital LLC bought a new stake in shares of Tetra Technologies, Inc. (NYSE:TTI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 310,250 shares of the oil and gas company’s stock, valued at approximately $2,907,000. Tetra Technologies comprises about 2.7% of Simcoe Capital LLC’s investment portfolio, making the stock its 23rd biggest holding. Simcoe Capital LLC owned approximately 0.23% of Tetra Technologies at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Tetra Technologies by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 8,456,975 shares of the oil and gas company’s stock worth $48,628,000 after acquiring an additional 174,028 shares during the last quarter. Rubric Capital Management LP purchased a new stake in Tetra Technologies in the 3rd quarter worth about $26,046,000. Dimensional Fund Advisors LP increased its holdings in Tetra Technologies by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,419,796 shares of the oil and gas company’s stock worth $25,414,000 after acquiring an additional 72,338 shares during the last quarter. American Century Companies Inc. increased its holdings in Tetra Technologies by 13.8% in the 3rd quarter. American Century Companies Inc. now owns 3,416,017 shares of the oil and gas company’s stock worth $19,642,000 after acquiring an additional 414,076 shares during the last quarter. Finally, Frontier Capital Management Co. LLC increased its holdings in Tetra Technologies by 26.1% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,837,749 shares of the oil and gas company’s stock worth $9,535,000 after acquiring an additional 586,493 shares during the last quarter. Hedge funds and other institutional investors own 70.19% of the company’s stock.

Wall Street Analysts Forecast Growth

TTI has been the subject of a number of recent analyst reports. Clear Str lowered Tetra Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Weiss Ratings raised Tetra Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $10.25.

Tetra Technologies Stock Up 0.9%

TTI stock opened at $10.27 on Wednesday. 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 firm has a market capitalization of $1.39 billion, a PE ratio of 205.50 and a beta of 1.21. Tetra Technologies, Inc. has a twelve month low of $2.63 and a twelve month high of $12.54. The stock has a 50-day simple moving average of $8.78 and a two-hundred day simple moving average of $9.21.

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

Tetra Technologies 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.