TETRA Technologies, Inc. (NYSE:TTI) Stock Holdings Increased by Foundry Partners LLC

Foundry Partners LLC raised its holdings in shares of TETRA Technologies, Inc. (NYSE:TTI) by 33.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 583,345 shares of the oil and gas company’s stock after acquiring an additional 146,449 shares during the period. Foundry Partners LLC’s holdings in TETRA Technologies were worth $2,637,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TTI. National Bank of Canada FI bought a new stake in TETRA Technologies during the 3rd quarter valued at $74,000. AE Wealth Management LLC bought a new stake in shares of TETRA Technologies in the 3rd quarter worth $191,000. SG Americas Securities LLC bought a new stake in shares of TETRA Technologies in the 3rd quarter worth $113,000. Counterpoint Mutual Funds LLC bought a new stake in shares of TETRA Technologies in the 3rd quarter worth $262,000. Finally, Raymond James & Associates raised its stake in shares of TETRA Technologies by 16.0% in the 3rd quarter. Raymond James & Associates now owns 117,954 shares of the oil and gas company’s stock worth $753,000 after buying an additional 16,233 shares in the last quarter. Institutional investors own 70.19% of the company’s stock.

TETRA Technologies Stock Performance

Shares of NYSE TTI opened at $4.42 on Tuesday. The company has a quick ratio of 1.47, a current ratio of 2.24 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $579.64 million, a price-to-earnings ratio of 22.10 and a beta of 2.20. The stock’s fifty day simple moving average is $4.27 and its 200 day simple moving average is $4.57. TETRA Technologies, Inc. has a 52-week low of $2.56 and a 52-week high of $6.77.

TETRA Technologies (NYSE:TTI) last issued its quarterly earnings results on Tuesday, February 27th. The oil and gas company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. TETRA Technologies had a return on equity of 25.28% and a net margin of 4.12%. The business had revenue of $153.13 million for the quarter, compared to the consensus estimate of $144.76 million. As a group, sell-side analysts forecast that TETRA Technologies, Inc. will post 0.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Northland Securities assumed coverage on TETRA Technologies in a report on Tuesday, February 20th. They issued an “outperform” rating and a $6.00 target price on the stock. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $7.00.

TETRA Technologies Profile

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.