Stanley Laman Group Ltd. Cuts Stake in TETRA Technologies, Inc. (NYSE:TTI)

Stanley Laman Group Ltd. lowered its position in shares of TETRA Technologies, Inc. (NYSE:TTI) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 705,080 shares of the oil and gas company’s stock after selling 21,700 shares during the quarter. Stanley Laman Group Ltd.’s holdings in TETRA Technologies were worth $3,187,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. National Bank of Canada FI acquired a new stake in TETRA Technologies in the 3rd quarter valued at about $74,000. AE Wealth Management LLC acquired a new stake in TETRA Technologies in the 3rd quarter valued at about $191,000. SG Americas Securities LLC acquired a new stake in TETRA Technologies in the 3rd quarter valued at about $113,000. Raymond James & Associates grew its stake in TETRA Technologies by 16.0% in the 3rd quarter. Raymond James & Associates now owns 117,954 shares of the oil and gas company’s stock valued at $753,000 after acquiring an additional 16,233 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in TETRA Technologies in the 3rd quarter valued at about $294,000. Hedge funds and other institutional investors own 70.19% of the company’s stock.

TETRA Technologies Stock Performance

TETRA Technologies stock traded up $0.02 during mid-day trading on Thursday, reaching $4.48. The company’s stock had a trading volume of 1,040,593 shares, compared to its average volume of 1,373,449. The firm has a market cap of $586.85 million, a price-to-earnings ratio of 22.38 and a beta of 2.20. The business has a 50 day moving average price of $4.30 and a 200-day moving average price of $4.56. The company has a current ratio of 2.24, a quick ratio of 1.47 and a debt-to-equity ratio of 1.07. TETRA Technologies, Inc. has a twelve month low of $2.56 and a twelve month high of $6.77.

TETRA Technologies (NYSE:TTI) last issued its quarterly earnings results on Tuesday, February 27th. The oil and gas company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. TETRA Technologies had a net margin of 4.12% and a return on equity of 25.28%. The firm had revenue of $153.13 million for the quarter, compared to analysts’ expectations of $144.76 million. Sell-side analysts predict that TETRA Technologies, Inc. will post 0.23 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Northland Securities began coverage on shares of TETRA Technologies in a research note on Tuesday, February 20th. They set an “outperform” rating and a $6.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TETRA Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $7.00.

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.