2,891,590 Shares in Tetra Technologies, Inc. $TTI Acquired by Encompass Capital Advisors LLC

Encompass Capital Advisors LLC acquired a new position in Tetra Technologies, Inc. (NYSE:TTI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,891,590 shares of the oil and gas company’s stock, valued at approximately $27,094,000. Encompass Capital Advisors LLC owned about 2.16% of Tetra Technologies at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of TTI. AQR Capital Management LLC raised its position in Tetra Technologies by 87.3% in the 1st quarter. AQR Capital Management LLC now owns 120,585 shares of the oil and gas company’s stock worth $405,000 after purchasing an additional 56,203 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Tetra Technologies by 125.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 161,840 shares of the oil and gas company’s stock worth $544,000 after purchasing an additional 90,001 shares during the last quarter. Jane Street Group LLC raised its position in Tetra Technologies by 389.7% in the 1st quarter. Jane Street Group LLC now owns 225,101 shares of the oil and gas company’s stock worth $756,000 after purchasing an additional 302,793 shares during the last quarter. JPMorgan Chase & Co. raised its position in Tetra Technologies by 0.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 389,606 shares of the oil and gas company’s stock worth $1,309,000 after purchasing an additional 3,547 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in Tetra Technologies by 74.4% in the 2nd quarter. Prudential Financial Inc. now owns 17,790 shares of the oil and gas company’s stock worth $60,000 after purchasing an additional 7,590 shares during the last quarter. Institutional investors own 70.19% of the company’s stock.

Insider Transactions at Tetra Technologies

In other Tetra Technologies news, VP Kurt Hallead acquired 22,000 shares of Tetra Technologies stock in a transaction on Tuesday, June 9th. The shares were purchased at an average cost of $9.86 per share, with a total value of $216,920.00. Following the completion of the purchase, the vice president owned 170,764 shares in the company, valued at $1,683,733.04. The trade was a 14.79% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 6.27% of the company’s stock.

Analysts Set New Price Targets

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

Tetra Technologies Price Performance

Shares of TTI stock opened at $10.18 on Thursday. Tetra Technologies, Inc. has a 52-week low of $3.17 and a 52-week high of $12.54. The stock has a market cap of $1.35 billion, a PE ratio of 203.68 and a beta of 1.22. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.20 and a current ratio of 2.02. The firm’s 50 day moving average price is $9.78 and its two-hundred day moving average price is $9.71.

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

Tetra Technologies Profile

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.