Everett Harris & Co. CA Has $2.32 Million Holdings in TETRA Technologies, Inc. (NYSE:TTI)

Everett Harris & Co. CA increased its position in shares of TETRA Technologies, Inc. (NYSE:TTI) by 3.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 522,973 shares of the oil and gas company’s stock after acquiring an additional 19,414 shares during the quarter. Everett Harris & Co. CA owned 0.40% of TETRA Technologies worth $2,317,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of TETRA Technologies by 1.0% during the third quarter. Vanguard Group Inc. now owns 6,539,199 shares of the oil and gas company’s stock valued at $41,720,000 after acquiring an additional 67,038 shares during the period. Invesco Ltd. increased its stake in TETRA Technologies by 14.1% in the 3rd quarter. Invesco Ltd. now owns 1,123,496 shares of the oil and gas company’s stock valued at $7,168,000 after buying an additional 138,594 shares during the period. Charles Schwab Investment Management Inc. increased its stake in TETRA Technologies by 174.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 919,128 shares of the oil and gas company’s stock valued at $5,864,000 after buying an additional 583,854 shares during the period. Panagora Asset Management Inc. increased its stake in TETRA Technologies by 20.0% in the 4th quarter. Panagora Asset Management Inc. now owns 762,963 shares of the oil and gas company’s stock valued at $3,449,000 after buying an additional 127,378 shares during the period. Finally, Foundry Partners LLC increased its stake in TETRA Technologies by 33.5% in the 4th quarter. Foundry Partners LLC now owns 583,345 shares of the oil and gas company’s stock valued at $2,637,000 after buying an additional 146,449 shares during the period. Institutional investors and hedge funds own 70.19% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Benchmark reiterated a “buy” rating and issued a $8.00 price objective on shares of TETRA Technologies in a research note on Tuesday, May 7th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.00.

TETRA Technologies Stock Up 1.5 %

TTI stock traded up $0.05 during trading hours on Thursday, hitting $3.38. The company’s stock had a trading volume of 829,954 shares, compared to its average volume of 1,156,244. The company has a quick ratio of 1.64, a current ratio of 2.44 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $443.25 million, a PE ratio of 21.13 and a beta of 2.05. TETRA Technologies, Inc. has a 12 month low of $3.12 and a 12 month high of $6.77. The stock has a 50 day moving average price of $3.71 and a two-hundred day moving average price of $4.09.

TETRA Technologies (NYSE:TTI) last posted its earnings results on Tuesday, April 30th. The oil and gas company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. The company had revenue of $150.97 million during the quarter, compared to the consensus estimate of $151.87 million. TETRA Technologies had a net margin of 3.27% and a return on equity of 25.42%. On average, equities research analysts expect that TETRA Technologies, Inc. will post 0.27 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.