TETRA Technologies, Inc. (NYSE:TTI) Shares Sold by Diametric Capital LP

Diametric Capital LP lessened its position in TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 87.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,960 shares of the oil and gas company's stock after selling 275,657 shares during the quarter. Diametric Capital LP's holdings in TETRA Technologies were worth $139,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. purchased a new stake in TETRA Technologies in the third quarter worth about $2,546,000. American Century Companies Inc. lifted its holdings in TETRA Technologies by 36.3% during the fourth quarter. American Century Companies Inc. now owns 1,734,653 shares of the oil and gas company's stock worth $6,210,000 after buying an additional 462,213 shares during the period. JPMorgan Chase & Co. boosted its position 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 valued at $1,583,000 after acquiring an additional 357,455 shares in the last quarter. Norges Bank purchased a new position in shares of TETRA Technologies in the 4th quarter valued at $812,000. Finally, Stifel Financial Corp raised its position in shares of TETRA Technologies by 703.0% in the 3rd quarter. Stifel Financial Corp now owns 216,439 shares of the oil and gas company's stock worth $671,000 after acquiring an additional 189,484 shares in the last quarter. 70.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, D. Boral Capital reaffirmed a "buy" rating and set a $5.50 price objective on shares of TETRA Technologies in a research report on Wednesday, March 26th.

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TETRA Technologies Stock Down 5.8 %

NYSE:TTI traded down $0.15 during mid-day trading on Monday, hitting $2.35. 1,271,567 shares of the company's stock traded hands, compared to its average volume of 1,177,594. The company has a fifty day moving average of $3.82 and a 200 day moving average of $3.71. 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 twelve month low of $2.28 and a twelve month high of $5.12. The company has a market capitalization of $311.66 million, a P/E ratio of 116.31 and a beta of 1.54.

TETRA Technologies (NYSE:TTI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. The firm had revenue of $134.50 million for the quarter, compared to the consensus estimate of $138.96 million. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. On average, analysts forecast 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.