HITE Hedge Asset Management LLC Has $6.02 Million Stake in TETRA Technologies, Inc. (NYSE:TTI)

HITE Hedge Asset Management LLC raised its holdings in TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 32.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,681,509 shares of the oil and gas company's stock after purchasing an additional 414,640 shares during the period. HITE Hedge Asset Management LLC owned approximately 1.28% of TETRA Technologies worth $6,020,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Icon Advisers Inc. Co. bought a new stake in shares of TETRA Technologies in the fourth quarter valued at approximately $2,377,000. Mariner LLC grew its holdings in shares of TETRA Technologies by 160.0% during the 4th quarter. Mariner LLC now owns 163,470 shares of the oil and gas company's stock worth $585,000 after purchasing an additional 100,596 shares in the last quarter. Barclays PLC increased its position in shares of TETRA Technologies by 8.4% in the fourth quarter. Barclays PLC now owns 227,562 shares of the oil and gas company's stock worth $814,000 after purchasing an additional 17,689 shares during the period. WealthTrust Axiom LLC raised its stake in TETRA Technologies by 4.0% in the fourth quarter. WealthTrust Axiom LLC now owns 1,697,050 shares of the oil and gas company's stock valued at $6,075,000 after purchasing an additional 64,824 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of TETRA Technologies in the 4th quarter valued at approximately $521,000. Institutional investors and hedge funds own 70.19% of the company's stock.

TETRA Technologies Trading Up 1.6 %

NYSE:TTI traded up $0.04 on Wednesday, reaching $2.47. 886,497 shares of the stock traded hands, compared to its average volume of 1,210,580. The firm has a market capitalization of $327.01 million, a price-to-earnings ratio of 123.56 and a beta of 1.54. TETRA Technologies, Inc. has a 1-year low of $2.03 and a 1-year high of $5.12. 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's 50 day moving average is $3.26 and its 200-day moving average is $3.63.

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 for the quarter, hitting the consensus estimate of $0.03. The firm had revenue of $134.50 million during the quarter, compared to analyst estimates of $138.96 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. Equities research analysts anticipate that TETRA Technologies, Inc. will post 0.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TTI has been the subject of several research analyst reports. Stifel Nicolaus lowered their target price on TETRA Technologies from $7.00 to $6.50 and set a "buy" rating for the company in a research note on Tuesday, April 15th. D. Boral Capital reissued a "buy" rating and issued a $5.50 price objective on shares of TETRA Technologies in a research note on Wednesday, March 26th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $6.67.

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.