PFG Investments LLC Acquires Shares of 10,000 TETRA Technologies, Inc. (NYSE:TTI)

PFG Investments LLC bought a new position in TETRA Technologies, Inc. (NYSE:TTI) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 10,000 shares of the oil and gas company’s stock, valued at approximately $44,000.

Several other institutional investors have also recently made changes to their positions in TTI. D.A. Davidson & CO. bought a new stake in TETRA Technologies during the third quarter worth about $4,416,000. Charles Schwab Investment Management Inc. increased its position in TETRA Technologies by 174.1% during 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 in the last quarter. EAM Investors LLC purchased a new position in TETRA Technologies during the third quarter valued at $3,471,000. Algert Global LLC bought a new stake in TETRA Technologies in the third quarter worth $2,860,000. Finally, ClariVest Asset Management LLC purchased a new stake in shares of TETRA Technologies in the third quarter worth $2,217,000. Institutional investors own 70.19% of the company’s stock.

TETRA Technologies Stock Up 4.2 %

Shares of TETRA Technologies stock traded up $0.16 on Friday, reaching $3.95. The company’s stock had a trading volume of 1,972,341 shares, compared to its average volume of 1,449,289. TETRA Technologies, Inc. has a 52 week low of $2.56 and a 52 week high of $6.77. The firm’s fifty day simple moving average is $4.33 and its two-hundred day simple moving average is $4.46. The company has a quick ratio of 1.47, a current ratio of 2.44 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $518.00 million, a price-to-earnings ratio of 24.69 and a beta of 2.21.

TETRA Technologies (NYSE:TTI) last released its quarterly earnings data on Tuesday, February 27th. The oil and gas company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. TETRA Technologies had a return on equity of 25.42% and a net margin of 3.27%. The company had revenue of $153.13 million for the quarter, compared to analysts’ expectations of $144.76 million. Equities analysts anticipate that TETRA Technologies, Inc. will post 0.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TTI. Northland Securities assumed coverage on TETRA Technologies in a research report on Tuesday, February 20th. They issued an “outperform” rating and a $6.00 price target for the company. Benchmark restated a “buy” rating and set a $8.00 price objective on shares of TETRA Technologies in a research note on Wednesday. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average 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.