Price T Rowe Associates Inc. MD Acquires 8,323 Shares of TETRA Technologies, Inc. (NYSE:TTI)

Price T Rowe Associates Inc. MD boosted its holdings in shares of TETRA Technologies, Inc. (NYSE:TTI) by 6.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 142,394 shares of the oil and gas company’s stock after purchasing an additional 8,323 shares during the period. Price T Rowe Associates Inc. MD’s holdings in TETRA Technologies were worth $510,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Barclays PLC increased its position in TETRA Technologies by 369.6% during the third quarter. Barclays PLC now owns 209,873 shares of the oil and gas company’s stock worth $650,000 after buying an additional 165,184 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in TETRA Technologies by 233.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 510,705 shares of the oil and gas company’s stock worth $1,583,000 after acquiring an additional 357,455 shares during the period. Everett Harris & Co. CA grew its holdings in TETRA Technologies by 9.3% during the 4th quarter. Everett Harris & Co. CA now owns 477,073 shares of the oil and gas company’s stock worth $1,708,000 after acquiring an additional 40,723 shares during the period. Stoneridge Investment Partners LLC grew its stake in shares of TETRA Technologies by 23.1% in the 4th quarter. Stoneridge Investment Partners LLC now owns 35,674 shares of the oil and gas company’s stock valued at $128,000 after buying an additional 6,684 shares during the period. Finally, KLCM Advisors Inc. acquired a new stake in shares of TETRA Technologies in the 4th quarter valued at about $36,000. 70.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus cut their target price on TETRA Technologies from $7.00 to $6.50 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. StockNews.com cut shares of TETRA Technologies from a “buy” rating to a “hold” rating in a report on Friday, May 9th. Finally, D. Boral Capital reduced their target price on TETRA Technologies from $5.50 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st.

TETRA Technologies Price Performance

Shares of TTI opened at $3.01 on Wednesday. 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, Inc. has a twelve month low of $2.03 and a twelve month high of $5.12. The company has a market capitalization of $400.55 million, a P/E ratio of 150.58 and a beta of 1.31. The firm has a 50 day moving average of $2.90 and a 200 day moving average of $3.58.

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