Cibc World Markets Corp Takes Position in TETRA Technologies, Inc. (NYSE:TTI)

Cibc World Markets Corp purchased a new position in shares of TETRA Technologies, Inc. (NYSE:TTI) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 11,749 shares of the oil and gas company’s stock, valued at approximately $42,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. HITE Hedge Asset Management LLC raised its holdings in TETRA Technologies by 0.3% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 1,266,869 shares of the oil and gas company’s stock valued at $3,927,000 after acquiring an additional 4,393 shares during the period. Stoneridge Investment Partners LLC grew its position in shares of TETRA Technologies by 23.1% in the fourth quarter. Stoneridge Investment Partners LLC now owns 35,674 shares of the oil and gas company’s stock valued at $128,000 after purchasing an additional 6,684 shares during the last quarter. FMR LLC increased its stake in shares of TETRA Technologies by 75.0% during the third quarter. FMR LLC now owns 18,858 shares of the oil and gas company’s stock worth $58,000 after purchasing an additional 8,084 shares during the period. KLCM Advisors Inc. acquired a new stake in TETRA Technologies during the 4th quarter worth approximately $36,000. Finally, HighTower Advisors LLC bought a new stake in TETRA Technologies in the 4th quarter valued at $39,000. Institutional investors own 70.19% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, D. Boral Capital reiterated a “buy” rating and set a $5.50 price objective on shares of TETRA Technologies in a research report on Wednesday.

TETRA Technologies Stock Performance

Shares of NYSE:TTI opened at $3.61 on Friday. TETRA Technologies, Inc. has a 12-month low of $2.68 and a 12-month high of $5.12. The company’s 50 day moving average price is $3.98 and its two-hundred day moving average price is $3.69. The firm has a market cap of $477.28 million, a PE ratio of 180.34 and a beta of 2.04. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 1.16.

TETRA Technologies (NYSE:TTI) last issued its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. The business had revenue of $134.50 million for the quarter, compared to the consensus estimate of $138.96 million. Equities research analysts predict that TETRA Technologies, Inc. will post 0.15 earnings per share for the current year.

TETRA Technologies Profile

TETRA Technologies, Inc, together with its subsidiaries, operates as an energy services and solutions company. It operates through two segments, Completion Fluids & Products Division and Water & Flowback Services. The Completion Fluids & Products segment manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, as well as in Latin America, Europe, Asia, the Middle East, and Africa.