TETRA Technologies, Inc. (NYSE:TTI) Shares Sold by CenterBook Partners LP

CenterBook Partners LP lessened its stake in shares of TETRA Technologies, Inc. (NYSE:TTIFree Report) by 41.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 334,994 shares of the oil and gas company’s stock after selling 236,690 shares during the quarter. CenterBook Partners LP owned about 0.26% of TETRA Technologies worth $1,514,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Fortitude Family Office LLC acquired a new stake in TETRA Technologies during the 4th quarter valued at $26,000. Quantbot Technologies LP purchased a new position in shares of TETRA Technologies during the 3rd quarter worth $33,000. Byrne Asset Management LLC lifted its stake in shares of TETRA Technologies by 36.7% during the 4th quarter. Byrne Asset Management LLC now owns 13,400 shares of the oil and gas company’s stock worth $63,000 after purchasing an additional 3,600 shares during the period. AXQ Capital LP purchased a new position in shares of TETRA Technologies during the 3rd quarter worth $90,000. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of TETRA Technologies during the 4th quarter worth $90,000. Institutional investors and hedge funds own 70.19% of the company’s stock.

TETRA Technologies Trading Down 1.7 %

Shares of TTI traded down $0.06 during trading hours on Friday, hitting $3.45. The stock had a trading volume of 930,647 shares, compared to its average volume of 1,455,872. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.64 and a current ratio of 2.44. The firm has a market cap of $452.43 million, a P/E ratio of 21.56 and a beta of 2.04. The company’s fifty day simple moving average is $4.16 and its 200 day simple moving average is $4.25. TETRA Technologies, Inc. has a 12-month low of $2.67 and a 12-month high of $6.77.

TETRA Technologies (NYSE:TTIGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The oil and gas company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. TETRA Technologies had a return on equity of 25.42% and a net margin of 3.27%. The company had revenue of $150.97 million for the quarter, compared to analyst estimates of $151.87 million. Equities research analysts forecast that TETRA Technologies, Inc. will post 0.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TTI has been the topic of a number of recent analyst reports. Northland Securities initiated coverage on TETRA Technologies in a research note on Tuesday, February 20th. They set an “outperform” rating and a $6.00 price target on the stock. Benchmark reissued a “buy” rating and set a $8.00 price target on shares of TETRA Technologies in a research note on Tuesday, May 7th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.00.

Get Our Latest Analysis on TTI

About TETRA Technologies

(Free Report)

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.

See Also

Institutional Ownership by Quarter for TETRA Technologies (NYSE:TTI)

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