Raymond James Financial Inc. Takes Position in TETRA Technologies, Inc. (NYSE:TTI)

Raymond James Financial Inc. purchased a new stake in TETRA Technologies, Inc. (NYSE:TTI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 145,618 shares of the oil and gas company's stock, valued at approximately $521,000. Raymond James Financial Inc. owned 0.11% of TETRA Technologies as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its stake in TETRA Technologies by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 994,177 shares of the oil and gas company's stock valued at $3,082,000 after buying an additional 26,322 shares during the period. FMR LLC boosted its holdings 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 acquiring an additional 8,084 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of TETRA Technologies by 68.8% during the third quarter. BNP Paribas Financial Markets now owns 261,217 shares of the oil and gas company's stock worth $810,000 after acquiring an additional 106,507 shares during the period. Townsquare Capital LLC purchased a new position in TETRA Technologies during the third quarter worth about $36,000. Finally, Walleye Capital LLC purchased a new position in TETRA Technologies during the third quarter worth about $418,000. 70.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Remove Ads

TETRA Technologies Price Performance

Shares of NYSE TTI traded up $0.03 during trading on Friday, hitting $2.31. 1,045,343 shares of the company were exchanged, compared to its average volume of 1,203,314. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.33 and a quick ratio of 1.51. TETRA Technologies, Inc. has a 1 year low of $2.03 and a 1 year high of $5.12. The company has a market cap of $306.36 million, a price-to-earnings ratio of 115.76 and a beta of 1.54. The firm's fifty day moving average price is $3.54 and its 200 day moving average price is $3.67.

TETRA Technologies (NYSE:TTI - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported $0.03 EPS for the quarter, hitting analysts' consensus estimates of $0.03. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. The firm had revenue of $134.50 million for the quarter, compared to the consensus estimate of $138.96 million. On average, sell-side analysts expect that TETRA Technologies, Inc. will post 0.15 earnings per share for the current fiscal 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.