TETRA Technologies, Inc. (NYSE:TTI) Stock Position Lifted by Geode Capital Management LLC

Geode Capital Management LLC grew its position in TETRA Technologies, Inc. (NYSE:TTI) by 0.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,728,035 shares of the oil and gas company’s stock after acquiring an additional 17,802 shares during the quarter. Geode Capital Management LLC’s holdings in TETRA Technologies were worth $8,458,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its holdings in TETRA Technologies by 8.4% in the second quarter. The Manufacturers Life Insurance Company now owns 49,085 shares of the oil and gas company’s stock worth $170,000 after acquiring an additional 3,792 shares during the last quarter. HITE Hedge Asset Management LLC raised its position in shares of TETRA Technologies by 0.3% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 1,266,869 shares of the oil and gas company’s stock worth $3,927,000 after purchasing an additional 4,393 shares during the period. Point72 DIFC Ltd lifted its holdings in shares of TETRA Technologies by 82.0% in the 2nd quarter. Point72 DIFC Ltd now owns 13,241 shares of the oil and gas company’s stock worth $46,000 after purchasing an additional 5,966 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in TETRA Technologies by 27.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,812 shares of the oil and gas company’s stock valued at $124,000 after purchasing an additional 7,784 shares during the period. Finally, FMR LLC grew its stake in TETRA Technologies by 75.0% during the 3rd quarter. FMR LLC now owns 18,858 shares of the oil and gas company’s stock worth $58,000 after buying an additional 8,084 shares during the last quarter. 70.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TTI. D. Boral Capital reiterated a “buy” rating and issued a $5.50 target price on shares of TETRA Technologies in a research note on Tuesday, December 17th. EF Hutton Acquisition Co. I upgraded shares of TETRA Technologies to a “strong-buy” rating in a research report on Monday, October 21st. Finally, StockNews.com upgraded shares of TETRA Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $6.50.

TETRA Technologies Trading Up 3.9 %

NYSE:TTI opened at $3.72 on Friday. The stock has a market cap of $490.33 million, a price-to-earnings ratio of 186.09 and a beta of 2.10. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.51 and a current ratio of 2.33. TETRA Technologies, Inc. has a 1 year low of $2.68 and a 1 year high of $5.08. The business has a fifty day moving average of $3.66 and a 200-day moving average of $3.39.

TETRA Technologies (NYSE:TTI) last announced its earnings results on Tuesday, October 29th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. The firm had revenue of $141.70 million during the quarter, compared to analyst estimates of $156.43 million. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. TETRA Technologies’s revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.07 EPS. Equities 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.