BNP Paribas Financial Markets Has $810,000 Stock Position in TETRA Technologies, Inc. (NYSE:TTI)

BNP Paribas Financial Markets raised its holdings in shares of TETRA Technologies, Inc. (NYSE:TTI) by 68.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 261,217 shares of the oil and gas company’s stock after acquiring an additional 106,507 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.20% of TETRA Technologies worth $810,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its stake in shares of TETRA Technologies by 3.2% during 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 purchasing an additional 96,898 shares in the last quarter. Huber Capital Management LLC increased its holdings in TETRA Technologies by 5.1% in 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 buying an additional 95,096 shares during the last quarter. Masters Capital Management LLC raised its position in 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 valued at $5,882,000 after acquiring an additional 700,000 shares in the last quarter. Stanley Laman Group Ltd. lifted its stake in TETRA Technologies by 57.9% in the third 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 acquiring an additional 514,054 shares during the last quarter. Finally, HITE Hedge Asset Management LLC bought a new stake in TETRA Technologies in the second quarter worth approximately $4,368,000. Institutional investors and hedge funds own 70.19% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on TTI. StockNews.com raised shares of TETRA Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. EF Hutton Acquisition Co. I raised TETRA Technologies to a “strong-buy” rating in a research report on Monday, October 21st.

TETRA Technologies Price Performance

NYSE TTI opened at $3.88 on Thursday. The company has a market cap of $511.42 million, a P/E ratio of 194.00 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 company has a current ratio of 2.33, a quick ratio of 1.51 and a debt-to-equity ratio of 1.16. The company has a fifty day simple moving average of $3.58 and a 200 day simple moving average of $3.39.

TETRA Technologies (NYSE:TTI) last posted its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. The business had revenue of $141.70 million for the quarter, compared to analyst estimates of $156.43 million. During the same period in the previous year, the company posted $0.07 earnings per share. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. On average, sell-side analysts predict that TETRA Technologies, Inc. will post 0.15 EPS 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.