PFG Investments LLC Acquires Shares of 10,000 TETRA Technologies, Inc. (NYSE:TTI)

PFG Investments LLC bought a new position in shares of TETRA Technologies, Inc. (NYSE:TTI) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,000 shares of the oil and gas company’s stock, valued at approximately $44,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP acquired a new stake in TETRA Technologies during the third quarter worth approximately $33,000. Fortitude Family Office LLC bought a new position in shares of TETRA Technologies in the fourth quarter worth $26,000. Byrne Asset Management LLC raised its stake in TETRA Technologies by 63.3% in the third quarter. Byrne Asset Management LLC now owns 9,800 shares of the oil and gas company’s stock valued at $63,000 after purchasing an additional 3,800 shares in the last quarter. AXQ Capital LP acquired a new position in TETRA Technologies during the 3rd quarter worth about $90,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of TETRA Technologies in the 3rd quarter valued at about $96,000. Institutional investors and hedge funds own 70.19% of the company’s stock.

Analysts Set New Price Targets

TTI has been the topic of a number of recent analyst reports. Northland Securities assumed coverage on TETRA Technologies in a research note on Tuesday, February 20th. They issued an “outperform” rating and a $6.00 price objective on the stock. Benchmark restated a “buy” rating and issued a $8.00 price target on shares of TETRA Technologies in a research report on Wednesday. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $7.00.

TETRA Technologies Trading Up 4.2 %

Shares of TETRA Technologies stock traded up $0.16 on Friday, hitting $3.95. 1,972,341 shares of the company’s stock traded hands, compared to its average volume of 1,449,289. The company has a fifty day moving average of $4.33 and a two-hundred day moving average of $4.46. TETRA Technologies, Inc. has a one year low of $2.56 and a one year high of $6.77. The company has a market capitalization of $518.00 million, a price-to-earnings ratio of 24.69 and a beta of 2.21. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.44 and a quick ratio of 1.47.

TETRA Technologies (NYSE:TTI) last posted its quarterly earnings results on Tuesday, February 27th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. The firm had revenue of $153.13 million for the quarter, compared to analysts’ expectations of $144.76 million. TETRA Technologies had a return on equity of 25.42% and a net margin of 3.27%. As a group, sell-side analysts expect that TETRA Technologies, Inc. will post 0.23 earnings per share for the current year.

About TETRA Technologies

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.