Everett Harris & Co. CA Has $7.17 Million Holdings in Tetra Technologies, Inc. $TTI

Everett Harris & Co. CA lessened its position in Tetra Technologies, Inc. (NYSE:TTI) by 17.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 765,042 shares of the oil and gas company’s stock after selling 156,223 shares during the period. Everett Harris & Co. CA owned approximately 0.57% of Tetra Technologies worth $7,168,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in TTI. Stone House Investment Management LLC purchased a new position in shares of Tetra Technologies during the fourth quarter valued at approximately $39,000. Osaic Holdings Inc. boosted its position in shares of Tetra Technologies by 647.1% during the second quarter. Osaic Holdings Inc. now owns 12,700 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 11,000 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Tetra Technologies by 235.5% during the second quarter. Tower Research Capital LLC TRC now owns 14,536 shares of the oil and gas company’s stock valued at $49,000 after buying an additional 10,204 shares during the last quarter. Brevan Howard Capital Management LP purchased a new position in shares of Tetra Technologies during the second quarter valued at approximately $51,000. Finally, Generali Investments Management Co LLC purchased a new position in shares of Tetra Technologies during the fourth quarter valued at approximately $54,000. Institutional investors and hedge funds own 70.19% of the company’s stock.

Tetra Technologies Stock Up 7.2%

Shares of NYSE:TTI opened at $9.96 on Tuesday. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 199.14 and a beta of 1.22. The company has a quick ratio of 1.20, a current ratio of 2.02 and a debt-to-equity ratio of 0.62. Tetra Technologies, Inc. has a 12-month low of $2.99 and a 12-month high of $12.54. The business’s 50 day moving average is $9.55 and its 200 day moving average is $9.58.

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

Analysts Set New Price Targets

Separately, Weiss Ratings cut Tetra Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 19th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Tetra Technologies currently has an average rating of “Moderate Buy” and an average target price of $10.25.

About Tetra Technologies

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.