Pullen Investment Management LLC Buys New Shares in TETRA Technologies, Inc. (NYSE:TTI)

Pullen Investment Management LLC bought a new position in TETRA Technologies, Inc. (NYSE:TTI - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 247,039 shares of the oil and gas company's stock, valued at approximately $766,000. Pullen Investment Management LLC owned 0.19% of TETRA Technologies as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 DIFC Ltd raised its position in TETRA Technologies by 82.0% in the second 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 acquired a new position in shares of TETRA Technologies during the 2nd quarter worth $53,000. Principal Financial Group Inc. increased its holdings in shares of TETRA Technologies by 15.4% in the 1st quarter. Principal Financial Group Inc. now owns 16,854 shares of the oil and gas company's stock valued at $75,000 after purchasing an additional 2,251 shares in the last quarter. Norden Group LLC acquired a new stake in shares of TETRA Technologies in the first quarter valued at about $83,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in TETRA Technologies during the first quarter worth about $84,000. Hedge funds and other institutional investors own 70.19% of the company's stock.

TETRA Technologies Price Performance

Shares of TTI traded up $0.07 during mid-day trading on Friday, reaching $3.06. 974,680 shares of the company's stock were exchanged, compared to its average volume of 1,318,697. The company has a quick ratio of 1.72, a current ratio of 2.41 and a debt-to-equity ratio of 1.17. TETRA Technologies, Inc. has a 52-week low of $2.68 and a 52-week high of $5.80. The company has a market cap of $401.29 million, a price-to-earnings ratio of 19.13 and a beta of 2.04. The company has a 50-day simple moving average of $3.12 and a two-hundred day simple moving average of $3.50.

TETRA Technologies (NYSE:TTI - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The oil and gas company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.03). TETRA Technologies had a return on equity of 18.84% and a net margin of 1.61%. The company had revenue of $171.94 million for the quarter, compared to analysts' expectations of $180.66 million. On average, sell-side analysts predict that TETRA Technologies, Inc. will post 0.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TTI has been the subject of a number of research reports. EF Hutton Acquisition Co. I upgraded shares of TETRA Technologies to a "strong-buy" rating in a research report on Monday, October 21st. StockNews.com raised TETRA Technologies from a "sell" rating to a "hold" rating in a report on Wednesday, October 16th. One analyst has rated the stock with a hold rating, two have issued 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 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.