TETRA Technologies, Inc. (NYSE:TTI) Position Boosted by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. lifted its stake in shares of TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 57.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,401,932 shares of the oil and gas company's stock after acquiring an additional 514,054 shares during the quarter. Stanley Laman Group Ltd. owned 1.07% of TETRA Technologies worth $4,346,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of TTI. Point72 DIFC Ltd raised its position in shares of TETRA Technologies by 82.0% during the 2nd quarter. Point72 DIFC Ltd now owns 13,241 shares of the oil and gas company's stock worth $46,000 after acquiring an additional 5,966 shares in the last quarter. nVerses Capital LLC purchased a new stake in TETRA Technologies in the 2nd quarter valued at approximately $53,000. Principal Financial Group Inc. grew its holdings in TETRA Technologies by 15.4% during the first quarter. Principal Financial Group Inc. now owns 16,854 shares of the oil and gas company's stock worth $75,000 after acquiring an additional 2,251 shares during the period. Norden Group LLC purchased a new position in shares of TETRA Technologies in the 1st quarter valued at about $83,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in TETRA Technologies in the first quarter valued at about $84,000. Hedge funds and other institutional investors own 70.19% of the company's stock.

TETRA Technologies Trading Down 1.8 %

Shares of TETRA Technologies stock traded down $0.06 during trading hours on Wednesday, hitting $2.97. The company's stock had a trading volume of 985,646 shares, compared to its average volume of 1,322,167. TETRA Technologies, Inc. has a 1-year low of $2.68 and a 1-year high of $6.12. The company has a market capitalization of $388.83 million, a PE ratio of 18.53 and a beta of 2.04. The company has a quick ratio of 1.72, a current ratio of 2.41 and a debt-to-equity ratio of 1.17. The business has a fifty day moving average of $3.12 and a 200 day moving average of $3.52.

TETRA Technologies (NYSE:TTI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The oil and gas company reported $0.07 earnings per share (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 firm had revenue of $171.94 million during the quarter, compared to analyst estimates of $180.66 million. As a group, equities analysts forecast that TETRA Technologies, Inc. will post 0.18 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TTI shares. StockNews.com raised TETRA Technologies from a "sell" rating to a "hold" rating in a research note on Wednesday, October 16th. EF Hutton Acquisition Co. I upgraded TETRA Technologies to a "strong-buy" rating in a research note on Monday. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, TETRA Technologies currently has an average rating of "Buy" and an average target price of $7.00.

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.