TETRA Technologies, Inc. (NYSE:TTI) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 58.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 810,581 shares of the oil and gas company's stock after purchasing an additional 299,876 shares during the quarter. JPMorgan Chase & Co. owned about 0.61% of TETRA Technologies worth $2,902,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in TETRA Technologies by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,728,035 shares of the oil and gas company's stock valued at $8,458,000 after buying an additional 17,802 shares during the period. American Century Companies Inc. increased its stake in shares of TETRA Technologies by 36.3% during the fourth quarter. American Century Companies Inc. now owns 1,734,653 shares of the oil and gas company's stock valued at $6,210,000 after acquiring an additional 462,213 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of TETRA Technologies by 9.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,086,670 shares of the oil and gas company's stock valued at $3,890,000 after acquiring an additional 92,493 shares during the period. Everett Harris & Co. CA raised its holdings in TETRA Technologies by 9.3% during the fourth quarter. Everett Harris & Co. CA now owns 477,073 shares of the oil and gas company's stock worth $1,708,000 after purchasing an additional 40,723 shares in the last quarter. Finally, Boston Partners lifted its position in TETRA Technologies by 2.6% in the fourth quarter. Boston Partners now owns 352,384 shares of the oil and gas company's stock worth $1,262,000 after purchasing an additional 8,873 shares during the period. Institutional investors own 70.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. 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. Stifel Nicolaus dropped 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, April 15th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, TETRA Technologies has a consensus rating of "Buy" and a consensus price target of $6.67.

TETRA Technologies Price Performance

Shares of NYSE:TTI opened at $2.44 on Wednesday. The company has a market capitalization of $322.38 million, a PE ratio of 121.81 and a beta of 1.54. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.51 and a current ratio of 2.33. The stock has a fifty day moving average of $3.26 and a 200-day moving average of $3.63. TETRA Technologies, Inc. has a one year low of $2.03 and a one year high of $5.12.

TETRA Technologies (NYSE:TTI - Get Free Report) last announced its earnings results on Tuesday, February 25th. The oil and gas company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. The business had revenue of $134.50 million during the quarter, compared to the consensus estimate of $138.96 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. As a group, equities analysts anticipate that TETRA Technologies, Inc. will post 0.15 EPS for the current fiscal year.

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.

Want to see what other hedge funds are holding TTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TETRA Technologies, Inc. (NYSE:TTI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.