Norges Bank Makes New $812,000 Investment in TETRA Technologies, Inc. (NYSE:TTI)

Norges Bank acquired a new position in shares of TETRA Technologies, Inc. (NYSE:TTI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 226,900 shares of the oil and gas company's stock, valued at approximately $812,000. Norges Bank owned 0.17% of TETRA Technologies as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in shares of TETRA Technologies by 2.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 994,177 shares of the oil and gas company's stock worth $3,082,000 after buying an additional 26,322 shares in the last quarter. FMR LLC grew its position in shares of TETRA Technologies by 75.0% in the third quarter. FMR LLC now owns 18,858 shares of the oil and gas company's stock valued at $58,000 after purchasing an additional 8,084 shares in the last quarter. Stifel Financial Corp lifted its position in TETRA Technologies by 703.0% during the third quarter. Stifel Financial Corp now owns 216,439 shares of the oil and gas company's stock worth $671,000 after buying an additional 189,484 shares in the last quarter. XTX Topco Ltd acquired a new position in TETRA Technologies during the third quarter worth $405,000. Finally, Barclays PLC boosted its stake 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. 70.19% of the stock is owned by hedge funds and other institutional investors.

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TETRA Technologies Trading Up 1.1 %

TTI traded up $0.03 on Tuesday, hitting $2.32. The company had a trading volume of 1,225,724 shares, compared to its average volume of 1,204,067. The company's fifty day moving average price is $3.50 and its 200 day moving average price is $3.67. 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 firm has a market cap of $306.49 million, a P/E ratio of 115.81 and a beta of 1.54.

TETRA Technologies (NYSE:TTI - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.03. The business 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%. As a group, equities analysts expect that TETRA Technologies, Inc. will post 0.15 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Stifel Nicolaus lowered their price target on shares of TETRA Technologies from $7.00 to $6.50 and set a "buy" rating on the stock in a research report on Tuesday. D. Boral Capital reissued a "buy" rating and issued a $5.50 price target on shares of TETRA Technologies in a research note on Wednesday, March 26th. One 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 stock. According to data from MarketBeat, TETRA Technologies presently has an average rating of "Buy" and a consensus target price of $6.67.

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.