TETRA Technologies, Inc. (NYSE:TTI) Shares Bought by Masters Capital Management LLC

Masters Capital Management LLC increased its position in TETRA Technologies, Inc. (NYSE:TTI) by 70.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,700,000 shares of the oil and gas company’s stock after buying an additional 700,000 shares during the quarter. Masters Capital Management LLC owned about 1.29% of TETRA Technologies worth $5,882,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Point72 DIFC Ltd lifted its holdings in TETRA Technologies by 82.0% in the 2nd quarter. Point72 DIFC Ltd now owns 13,241 shares of the oil and gas company’s stock valued at $46,000 after acquiring an additional 5,966 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of TETRA Technologies in the 2nd quarter worth approximately $53,000. Principal Financial Group Inc. lifted its stake 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. Norden Group LLC bought a new stake in TETRA Technologies during the first quarter worth approximately $83,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in TETRA Technologies in the 1st quarter worth about $84,000. Institutional investors own 70.19% of the company’s stock.

TETRA Technologies Stock Up 2.0 %

TTI opened at $3.09 on Tuesday. TETRA Technologies, Inc. has a fifty-two week low of $2.68 and a fifty-two week high of $6.77. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.41 and a quick ratio of 1.72. The company has a market capitalization of $405.22 million, a P/E ratio of 19.31 and a beta of 2.05. The firm’s fifty day moving average price is $3.22 and its two-hundred day moving average price is $3.70.

TETRA Technologies (NYSE:TTI) last posted its earnings results on Wednesday, July 31st. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). TETRA Technologies had a net margin of 1.61% and a return on equity of 18.84%. The firm had revenue of $171.94 million during the quarter, compared to the consensus estimate of $180.66 million. On average, analysts anticipate that TETRA Technologies, Inc. will post 0.19 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of TETRA Technologies from a “sell” rating to a “hold” rating in a research report on Friday, August 9th.

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.