Stifel Financial Corp Purchases 189,484 Shares of TETRA Technologies, Inc. (NYSE:TTI)

Stifel Financial Corp increased its position in shares of TETRA Technologies, Inc. (NYSE:TTI) by 703.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 216,439 shares of the oil and gas company’s stock after purchasing an additional 189,484 shares during the period. Stifel Financial Corp owned 0.16% of TETRA Technologies worth $671,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TTI. Dimensional Fund Advisors LP increased its stake in TETRA Technologies by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,129,181 shares of the oil and gas company’s stock worth $10,827,000 after buying an additional 96,898 shares in the last quarter. Huber Capital Management LLC grew its position in shares of TETRA Technologies by 5.1% during the second quarter. Huber Capital Management LLC now owns 1,945,586 shares of the oil and gas company’s stock worth $6,732,000 after purchasing an additional 95,096 shares in the last quarter. Masters Capital Management LLC grew its position in shares of TETRA Technologies by 70.0% during the second quarter. Masters Capital Management LLC now owns 1,700,000 shares of the oil and gas company’s stock worth $5,882,000 after purchasing an additional 700,000 shares in the last quarter. Stanley Laman Group Ltd. raised its stake in TETRA Technologies by 57.9% during the 3rd quarter. Stanley Laman Group Ltd. now owns 1,401,932 shares of the oil and gas company’s stock valued at $4,346,000 after purchasing an additional 514,054 shares during the period. Finally, HITE Hedge Asset Management LLC lifted its holdings in TETRA Technologies by 0.3% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 1,266,869 shares of the oil and gas company’s stock worth $3,927,000 after purchasing an additional 4,393 shares in the last quarter. Hedge funds and other institutional investors own 70.19% of the company’s stock.

TETRA Technologies Stock Performance

NYSE:TTI opened at $3.48 on Thursday. The company has a market cap of $458.70 million, a price-to-earnings ratio of 174.09 and a beta of 2.10. TETRA Technologies, Inc. has a 1 year low of $2.68 and a 1 year high of $5.08. The stock’s 50 day simple moving average is $3.61 and its two-hundred day simple moving average is $3.38. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.33 and a quick ratio of 1.51.

TETRA Technologies (NYSE:TTI) last announced its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. The company had revenue of $141.70 million for the quarter, compared to analysts’ expectations of $156.43 million. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. TETRA Technologies’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.07 earnings per share. As a group, equities analysts anticipate that TETRA Technologies, Inc. will post 0.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TTI has been the subject of a number of research analyst reports. StockNews.com raised shares of TETRA Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. EF Hutton Acquisition Co. I raised shares of TETRA Technologies to a “strong-buy” rating in a research note on Monday, October 21st. Finally, D. Boral Capital reiterated a “buy” rating and issued a $5.50 price target on shares of TETRA Technologies in a report on Tuesday, December 17th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $6.50.

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.