TETRA Technologies, Inc. (NYSE:TTI) Shares Purchased by Point72 DIFC Ltd

Point72 DIFC Ltd increased its position in shares of TETRA Technologies, Inc. (NYSE:TTI) by 82.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,241 shares of the oil and gas company’s stock after acquiring an additional 5,966 shares during the quarter. Point72 DIFC Ltd’s holdings in TETRA Technologies were worth $46,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its position in TETRA Technologies by 168.1% during the first quarter. BNP Paribas Financial Markets now owns 250,888 shares of the oil and gas company’s stock worth $1,111,000 after acquiring an additional 157,295 shares during the last quarter. American Century Companies Inc. boosted its position in TETRA Technologies by 153.8% during the second quarter. American Century Companies Inc. now owns 883,431 shares of the oil and gas company’s stock worth $3,057,000 after acquiring an additional 535,413 shares during the last quarter. Norden Group LLC acquired a new position in shares of TETRA Technologies in the 1st quarter valued at $83,000. Foundry Partners LLC boosted its holdings in shares of TETRA Technologies by 37.9% in the 1st quarter. Foundry Partners LLC now owns 804,350 shares of the oil and gas company’s stock valued at $3,563,000 after purchasing an additional 221,005 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in shares of TETRA Technologies by 143.3% in the 1st quarter. GSA Capital Partners LLP now owns 152,147 shares of the oil and gas company’s stock valued at $674,000 after purchasing an additional 89,623 shares during the last quarter. Institutional investors and hedge funds own 70.19% of the company’s stock.

TETRA Technologies Stock Performance

Shares of TTI stock opened at $2.90 on Monday. The company has a current ratio of 2.41, a quick ratio of 1.72 and a debt-to-equity ratio of 1.17. The company has a market cap of $381.21 million, a PE ratio of 18.13 and a beta of 2.05. The company’s fifty day simple moving average is $3.16 and its 200-day simple moving average is $3.67. TETRA Technologies, Inc. has a 52 week low of $2.68 and a 52 week high of $6.77.

TETRA Technologies (NYSE:TTI) last released its quarterly earnings data on Wednesday, July 31st. The oil and gas company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.03). TETRA Technologies had a net margin of 1.61% and a return on equity of 18.84%. The company had revenue of $171.94 million during the quarter, compared to analysts’ expectations of $180.66 million. As a group, equities research analysts anticipate that TETRA Technologies, Inc. will post 0.19 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of TETRA Technologies from a “sell” rating to a “hold” rating in a report on Friday, August 9th.

TETRA Technologies Company 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.