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

Foundry Partners LLC increased its position in TETRA Technologies, Inc. (NYSE:TTI) by 37.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 804,350 shares of the oil and gas company’s stock after buying an additional 221,005 shares during the quarter. Foundry Partners LLC owned about 0.61% of TETRA Technologies worth $3,563,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TTI. Fortitude Family Office LLC acquired a new stake in TETRA Technologies during the 4th quarter worth about $26,000. PFG Investments LLC acquired a new position in shares of TETRA Technologies in the first quarter worth $44,000. Byrne Asset Management LLC raised its holdings in shares of TETRA Technologies by 36.7% during the fourth quarter. Byrne Asset Management LLC now owns 13,400 shares of the oil and gas company’s stock worth $63,000 after acquiring an additional 3,600 shares in the last quarter. Principal Financial Group Inc. boosted its position in TETRA Technologies by 15.4% during the first quarter. Principal Financial Group Inc. now owns 16,854 shares of the oil and gas company’s stock valued at $75,000 after purchasing an additional 2,251 shares during the last quarter. Finally, Norden Group LLC purchased a new position in TETRA Technologies in the first quarter valued at about $83,000. Institutional investors own 70.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Benchmark reissued a “buy” rating and issued a $8.00 price target on shares of TETRA Technologies in a research note on Tuesday, May 7th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $7.00.

TETRA Technologies Stock Performance

Shares of TTI stock traded down $0.09 during trading on Thursday, reaching $3.69. The company had a trading volume of 464,126 shares, compared to its average volume of 1,370,569. TETRA Technologies, Inc. has a one year low of $3.11 and a one year high of $6.77. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.44 and a quick ratio of 1.64. The firm’s 50 day simple moving average is $3.58 and its two-hundred day simple moving average is $4.01. The company has a market capitalization of $483.91 million, a PE ratio of 23.63 and a beta of 2.05.

TETRA Technologies (NYSE:TTI) last issued its quarterly earnings results on Tuesday, April 30th. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. TETRA Technologies had a return on equity of 25.42% and a net margin of 3.27%. The company had revenue of $150.97 million for the quarter, compared to the consensus estimate of $151.87 million. Sell-side analysts forecast that TETRA Technologies, Inc. will post 0.27 earnings per share for the current year.

TETRA Technologies Company 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.