Energy Opportunities Capital Management LLC cut its position in shares of Tetra Technologies, Inc. (NYSE:TTI) by 8.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 149,235 shares of the oil and gas company’s stock after selling 13,950 shares during the period. Energy Opportunities Capital Management LLC owned 0.13% of Tetra Technologies worth $416,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System increased its stake in shares of Tetra Technologies by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 60,490 shares of the oil and gas company’s stock worth $169,000 after purchasing an additional 200 shares during the last quarter. Texas Permanent School Fund increased its stake in shares of Tetra Technologies by 1.1% during the 2nd quarter. Texas Permanent School Fund now owns 84,657 shares of the oil and gas company’s stock worth $236,000 after purchasing an additional 938 shares during the last quarter. Mason Street Advisors LLC increased its stake in shares of Tetra Technologies by 7.8% during the 1st quarter. Mason Street Advisors LLC now owns 27,039 shares of the oil and gas company’s stock worth $110,000 after purchasing an additional 1,961 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Tetra Technologies by 0.3% during the 2nd quarter. Principal Financial Group Inc. now owns 901,989 shares of the oil and gas company’s stock worth $2,517,000 after purchasing an additional 2,786 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake 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 during the last quarter. Institutional investors own 91.01% of the company’s stock.

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Tetra Technologies, Inc. (NYSE:TTI) traded down 1.83% during mid-day trading on Friday, reaching $2.68. 620,977 shares of the company’s stock were exchanged. The stock’s market cap is $310.60 million. Tetra Technologies, Inc. has a 52-week low of $1.85 and a 52-week high of $6.34. The company has a 50-day moving average of $2.47 and a 200-day moving average of $2.91.

Tetra Technologies (NYSE:TTI) last posted its earnings results on Wednesday, August 9th. The oil and gas company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.03). The business had revenue of $208.37 million during 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%. Tetra Technologies’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.15) EPS. Equities research analysts anticipate that Tetra Technologies, Inc. will post ($0.18) earnings per share for the current year.

TTI has been the topic of a number of research reports. Scotiabank set a $4.00 price target on shares of Tetra Technologies and gave the company a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research upgraded shares of Tetra Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. ValuEngine lowered shares of Tetra Technologies from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. BidaskClub lowered shares of Tetra Technologies from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Finally, Piper Jaffray Companies set a $4.00 price target on shares of Tetra Technologies and gave the company a “buy” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $5.17.

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

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