Royce & Associates LP Increases Stock Position in Tetra Technologies, Inc. $TTI

Royce & Associates LP raised its position in shares of Tetra Technologies, Inc. (NYSE:TTI) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,846,560 shares of the oil and gas company’s stock after buying an additional 48,100 shares during the quarter. Royce & Associates LP owned about 1.38% of Tetra Technologies worth $17,302,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TTI. Rubric Capital Management LP purchased a new position in Tetra Technologies during the third quarter valued at $26,046,000. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Tetra Technologies in the 4th quarter worth about $25,359,000. CenterBook Partners LP purchased a new position in shares of Tetra Technologies in the 3rd quarter worth about $8,197,000. Acuitas Investments LLC purchased a new position in shares of Tetra Technologies in the 3rd quarter worth about $6,787,000. Finally, Marshall Wace LLP purchased a new position in shares of Tetra Technologies in the 2nd quarter worth about $3,613,000. Hedge funds and other institutional investors own 70.19% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Tetra Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 19th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Tetra Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.25.

Tetra Technologies Price Performance

NYSE TTI opened at $10.79 on Wednesday. Tetra Technologies, Inc. has a one year low of $2.65 and a one year high of $12.54. The stock has a 50-day moving average of $9.19 and a 200 day moving average of $9.42. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 215.84 and a beta of 1.21. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.20 and a current ratio of 2.02.

Tetra Technologies (NYSE:TTI) last released its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.06 EPS for the quarter, topping the consensus estimate 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%. On average, sell-side analysts forecast that Tetra Technologies, Inc. will post 0.26 EPS for the current year.

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.