CSM Advisors LLC Sells 117,440 Shares of Tetra Technologies, Inc. $TTI

CSM Advisors LLC lowered its stake in Tetra Technologies, Inc. (NYSE:TTI) by 12.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 842,865 shares of the oil and gas company’s stock after selling 117,440 shares during the period. CSM Advisors LLC owned approximately 0.63% of Tetra Technologies worth $4,845,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. State of Alaska Department of Revenue bought a new position in shares of Tetra Technologies in the 3rd quarter valued at approximately $28,000. Vestmark Advisory Solutions Inc. bought a new stake in Tetra Technologies during the third quarter worth approximately $58,000. Osaic Holdings Inc. boosted its position in Tetra Technologies by 647.1% during the second quarter. Osaic Holdings Inc. now owns 12,700 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 11,000 shares during the period. Catalyst Funds Management Pty Ltd acquired a new position in Tetra Technologies during the second quarter valued at approximately $44,000. Finally, American Trust acquired a new position in Tetra Technologies during the second quarter valued at approximately $49,000. Institutional investors own 70.19% of the company’s stock.

Tetra Technologies Stock Down 0.8%

TTI opened at $8.22 on Monday. The business has a 50 day moving average of $10.51 and a 200-day moving average of $8.29. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 411.00 and a beta of 1.20. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. Tetra Technologies, Inc. has a 1-year low of $2.03 and a 1-year high of $12.54.

Tetra Technologies (NYSE:TTI) last announced its earnings results on Wednesday, February 25th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Tetra Technologies had a return on equity of 12.56% and a net margin of 0.48%.The company had revenue of $146.68 million for the quarter, compared to the consensus estimate of $140.98 million. As a group, sell-side analysts anticipate that Tetra Technologies, Inc. will post 0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TTI shares. Northland Securities boosted their price objective on shares of Tetra Technologies from $8.50 to $11.50 and gave the stock an “outperform” rating in a research note on Wednesday, December 31st. CJS Securities began coverage on shares of Tetra Technologies in a research note on Thursday, December 11th. They issued an “outperform” rating and a $11.50 target price on the stock. Stifel Nicolaus lifted their target price on shares of Tetra Technologies from $9.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Clear Str lowered shares of Tetra Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Tetra Technologies in a report on Friday, January 9th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $10.25.

Tetra Technologies Company Profile

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.