Rhumbline Advisers lifted its stake in shares of Tetra Technologies, Inc. (NYSE:TTI) by 9.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 227,971 shares of the oil and gas company’s stock after purchasing an additional 20,066 shares during the quarter. Rhumbline Advisers owned 0.20% of Tetra Technologies worth $636,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Prudential Financial Inc. grew its holdings in shares of Tetra Technologies by 1.6% during the 1st quarter. Prudential Financial Inc. now owns 193,810 shares of the oil and gas company’s stock worth $789,000 after purchasing an additional 3,080 shares in the last quarter. Viking Fund Management LLC grew its holdings in shares of Tetra Technologies by 13.2% during the 2nd quarter. Viking Fund Management LLC now owns 600,000 shares of the oil and gas company’s stock worth $1,674,000 after purchasing an additional 70,000 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Tetra Technologies by 3.9% during the 1st quarter. Neuberger Berman Group LLC now owns 3,109,849 shares of the oil and gas company’s stock worth $12,657,000 after purchasing an additional 116,893 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Tetra Technologies by 12.1% during the 1st quarter. Ameriprise Financial Inc. now owns 2,968,831 shares of the oil and gas company’s stock worth $12,083,000 after purchasing an additional 320,943 shares in the last quarter. Finally, Comerica Bank grew its holdings in shares of Tetra Technologies by 35.1% during the 1st quarter. Comerica Bank now owns 164,397 shares of the oil and gas company’s stock worth $559,000 after purchasing an additional 42,721 shares in the last quarter. 91.01% of the stock is currently owned by institutional investors.

Several analysts have recently issued reports on the company. J P Morgan Chase & Co lowered Tetra Technologies from an “overweight” rating to a “neutral” rating in a report on Tuesday, September 12th. Zacks Investment Research raised Tetra Technologies from a “sell” rating to a “hold” rating in a report on Thursday, September 7th. ValuEngine lowered Tetra Technologies from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Scotiabank set a $4.00 target price on Tetra Technologies and gave the stock a “buy” rating in a report on Tuesday, August 22nd. Finally, BidaskClub lowered Tetra Technologies from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $5.33.

Shares of Tetra Technologies, Inc. (TTI) opened at 2.86 on Friday. The firm’s market capitalization is $331.47 million. The company has a 50-day moving average price of $2.18 and a 200 day moving average price of $3.04. Tetra Technologies, Inc. has a 1-year low of $1.85 and a 1-year high of $6.34.

Tetra Technologies (NYSE:TTI) last posted its earnings results on Wednesday, August 9th. The oil and gas company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.03). Tetra Technologies had a negative return on equity of 9.56% and a negative net margin of 8.27%. The business had revenue of $208.37 million for the quarter, compared to analysts’ expectations of $204.19 million. During the same quarter in the previous year, the firm earned ($0.15) earnings per share. Tetra Technologies’s quarterly revenue was up 18.6% compared to the same quarter last year. On average, equities research analysts predict that Tetra Technologies, Inc. will post ($0.18) EPS for the current year.

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Tetra Technologies Company Profile

TETRA Technologies, Inc is an oil and gas services company. The Company focuses on completion fluids and associated products and services, water management, production well testing, offshore rig cooling, compression services and equipment, and offshore services, such as decommissioning and diving. It is composed of five segments organized into four divisions: Fluids, Production Testing, Compression and Offshore.

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Institutional Ownership by Quarter for Tetra Technologies (NYSE:TTI)

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