Royce & Associates LP Purchases 48,100 Shares of Tetra Technologies, Inc. $TTI

Royce & Associates LP lifted its stake in shares of Tetra Technologies, Inc. (NYSE:TTI) by 2.7% in the fourth quarter, HoldingsChannel reports. The fund owned 1,846,560 shares of the oil and gas company’s stock after acquiring an additional 48,100 shares during the period. Royce & Associates LP’s holdings in Tetra Technologies were worth $17,302,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Stone House Investment Management LLC bought a new position in shares of Tetra Technologies during the 4th quarter valued at approximately $39,000. Generali Investments Management Co LLC purchased a new position in Tetra Technologies in the 4th quarter worth approximately $54,000. Allworth Financial LP raised its holdings in shares of Tetra Technologies by 219.3% during the 4th quarter. Allworth Financial LP now owns 6,009 shares of the oil and gas company’s stock worth $56,000 after acquiring an additional 4,127 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Tetra Technologies by 31.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 6,204 shares of the oil and gas company’s stock worth $58,000 after acquiring an additional 1,473 shares in the last quarter. Finally, Sowell Financial Services LLC purchased a new stake in shares of Tetra Technologies during the 4th quarter worth approximately $94,000. 70.19% of the stock is currently owned by institutional investors.

Tetra Technologies Price Performance

TTI opened at $10.79 on Wednesday. Tetra Technologies, Inc. has a 12-month low of $2.65 and a 12-month high of $12.54. The company has a current ratio of 2.02, a quick ratio of 1.20 and a debt-to-equity ratio of 0.62. The business’s fifty day simple moving average is $9.19 and its 200-day simple moving average is $9.42. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 215.84 and a beta of 1.21.

Tetra Technologies (NYSE:TTI) last posted its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. Tetra Technologies had a return on equity of 10.50% and a net margin of 1.15%.The business had revenue of $156.25 million for the quarter, compared to the consensus estimate of $151.20 million. On average, equities research analysts anticipate that Tetra Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Tetra Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 19th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Tetra Technologies presently has an average rating of “Moderate Buy” and an average target price of $10.25.

About Tetra Technologies

Tetra Technologies, Inc (NYSE: TTI) is a provider of specialized products and services to the upstream oil and gas industry. The company operates through two primary segments: Oilfield Services, which offers hydraulic fracturing and wellsite fluid systems, and Chemical Solutions, which manufactures and delivers a broad range of drilling, completion and production chemicals. Tetra’s integrated service model spans the design, blending and on-site delivery of fluids, as well as pumping equipment and related wellsite operations.

Within the Oilfield Services segment, Tetra supplies pressure pumping fleets and associated equipment to support onshore hydraulic fracturing and well placement activities.