State of Tennessee Treasury Department Has $302,000 Position in Tetra Technologies, Inc. (TTI)
State of Tennessee Treasury Department maintained its position in Tetra Technologies, Inc. (NYSE:TTI) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 108,068 shares of the oil and gas company’s stock at the end of the 2nd quarter. State of Tennessee Treasury Department owned approximately 0.09% of Tetra Technologies worth $302,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the business. Municipal Employees Retirement System of Michigan boosted its position in Tetra Technologies by 23.7% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 26,270 shares of the oil and gas company’s stock valued at $107,000 after acquiring an additional 5,030 shares in the last quarter. Mason Street Advisors LLC increased its holdings in shares of Tetra Technologies by 7.8% in the 1st quarter. Mason Street Advisors LLC now owns 27,039 shares of the oil and gas company’s stock valued at $110,000 after acquiring an additional 1,961 shares during the period. Karp Capital Management Corp purchased a new position in shares of Tetra Technologies in the 1st quarter valued at $121,000. Gotham Asset Management LLC purchased a new position in shares of Tetra Technologies in the 1st quarter valued at $128,000. Finally, Hartford Investment Management Co. purchased a new position in shares of Tetra Technologies in the 2nd quarter valued at $118,000. Institutional investors own 91.01% of the company’s stock.
A number of equities research analysts recently weighed in on TTI shares. Royal Bank Of Canada set a $5.00 price objective on Tetra Technologies and gave the stock a “hold” rating in a research note on Friday, June 16th. Morgan Stanley dropped their price objective on Tetra Technologies from $5.50 to $4.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 21st. BidaskClub lowered Tetra Technologies from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Zacks Investment Research lowered Tetra Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Finally, ValuEngine downgraded shares of Tetra Technologies from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $5.33.
Tetra Technologies, Inc. (NYSE TTI) opened at 2.83 on Wednesday. The firm’s market capitalization is $327.99 million. Tetra Technologies, Inc. has a 12 month low of $1.85 and a 12 month high of $6.34. The company’s 50-day moving average price is $2.29 and its 200 day moving average price is $2.96.
Tetra Technologies (NYSE:TTI) last released its earnings results on Wednesday, August 9th. The oil and gas company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.03). The firm had revenue of $208.37 million for the quarter, compared to analysts’ expectations of $204.19 million. Tetra Technologies had a negative return on equity of 9.56% and a negative net margin of 8.27%. The firm’s quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.15) earnings per share. Analysts predict that Tetra Technologies, Inc. will post ($0.18) EPS for the current year.
Tetra Technologies 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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