MetLife Investment Management LLC Buys 16,067 Shares of TETRA Technologies, Inc. (NYSE:TTI)

MetLife Investment Management LLC raised its stake in TETRA Technologies, Inc. (NYSE:TTI) by 27.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,607 shares of the oil and gas company’s stock after buying an additional 16,067 shares during the period. MetLife Investment Management LLC’s holdings in TETRA Technologies were worth $264,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in TTI. JPMorgan Chase & Co. grew its position in TETRA Technologies by 233.2% during the third quarter. JPMorgan Chase & Co. now owns 510,705 shares of the oil and gas company’s stock valued at $1,583,000 after acquiring an additional 357,455 shares during the last quarter. Barclays PLC grew its holdings in shares of TETRA Technologies by 369.6% during the 3rd quarter. Barclays PLC now owns 209,873 shares of the oil and gas company’s stock valued at $650,000 after purchasing an additional 165,184 shares during the last quarter. Norges Bank purchased a new position in TETRA Technologies in the 4th quarter worth $812,000. Charles Schwab Investment Management Inc. raised its position in TETRA Technologies by 9.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,086,670 shares of the oil and gas company’s stock worth $3,890,000 after purchasing an additional 92,493 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in TETRA Technologies by 17.1% in the fourth quarter. Wells Fargo & Company MN now owns 133,664 shares of the oil and gas company’s stock worth $479,000 after purchasing an additional 19,528 shares during the last quarter. Hedge funds and other institutional investors own 70.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TTI. Stifel Nicolaus decreased their price objective on TETRA Technologies from $7.00 to $6.50 and set a “buy” rating on the stock in a report on Tuesday, April 15th. D. Boral Capital lowered their price objective on TETRA Technologies from $5.50 to $4.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Finally, StockNews.com upgraded shares of TETRA Technologies from a “hold” rating to a “buy” rating in a report on Thursday, May 1st.

TETRA Technologies Stock Performance

Shares of NYSE:TTI opened at $2.83 on Thursday. The company has a current ratio of 2.33, a quick ratio of 1.51 and a debt-to-equity ratio of 1.16. The company has a market cap of $376.60 million, a price-to-earnings ratio of 141.57 and a beta of 1.31. TETRA Technologies, Inc. has a 12 month low of $2.03 and a 12 month high of $5.12. The company has a 50-day moving average price of $2.93 and a 200-day moving average price of $3.58.

TETRA Technologies (NYSE:TTI) last released its quarterly earnings results on Tuesday, April 29th. The oil and gas company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $157.14 million during the quarter, compared to analyst estimates of $160.52 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. As a group, equities analysts anticipate that TETRA Technologies, Inc. will post 0.15 EPS for the current year.

About TETRA Technologies

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.