Huber Capital Management LLC Decreases Stock Position in Tetra Technologies, Inc. $TTI

Huber Capital Management LLC lessened its stake in shares of Tetra Technologies, Inc. (NYSE:TTI) by 17.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,453,680 shares of the oil and gas company’s stock after selling 316,400 shares during the period. Tetra Technologies accounts for approximately 1.3% of Huber Capital Management LLC’s holdings, making the stock its 27th biggest position. Huber Capital Management LLC’s holdings in Tetra Technologies were worth $8,359,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Sei Investments Co. increased its holdings in shares of Tetra Technologies by 2.5% in the third quarter. Sei Investments Co. now owns 73,170 shares of the oil and gas company’s stock worth $421,000 after purchasing an additional 1,754 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Tetra Technologies by 0.9% during the second quarter. JPMorgan Chase & Co. now owns 389,606 shares of the oil and gas company’s stock valued at $1,309,000 after buying an additional 3,547 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Tetra Technologies by 7.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 48,840 shares of the oil and gas company’s stock valued at $164,000 after buying an additional 3,551 shares in the last quarter. Profund Advisors LLC increased its stake in Tetra Technologies by 29.4% in the 3rd quarter. Profund Advisors LLC now owns 18,593 shares of the oil and gas company’s stock worth $107,000 after acquiring an additional 4,223 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in Tetra Technologies in the 3rd quarter worth approximately $28,000. 70.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Northland Securities increased their target price on Tetra Technologies from $8.50 to $11.50 and gave the company an “outperform” rating in a research report on Wednesday, December 31st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Tetra Technologies in a research report on Friday, January 9th. CJS Securities assumed coverage on shares of Tetra Technologies in a report on Thursday, December 11th. They issued an “outperform” rating and a $11.50 target price on the stock. Clear Str cut shares of Tetra Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Finally, Stifel Nicolaus increased their price target on shares of Tetra Technologies from $9.00 to $13.00 and gave the company a “buy” rating in a report on Monday, January 12th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $10.25.

Tetra Technologies Trading Down 0.9%

Shares of NYSE:TTI traded down $0.07 during trading hours on Friday, hitting $8.22. 27,754 shares of the company’s stock traded hands, compared to its average volume of 1,937,062. The firm has a market capitalization of $1.10 billion, a P/E ratio of 416.75 and a beta of 1.20. The business has a fifty day moving average price of $10.54 and a 200-day moving average price of $8.22. Tetra Technologies, Inc. has a 1 year low of $2.03 and a 1 year high of $12.54. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.02 and a quick ratio of 1.28.

Tetra Technologies (NYSE:TTI) last issued its quarterly earnings results on Wednesday, February 25th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Tetra Technologies had a return on equity of 12.56% and a net margin of 0.48%.The business had revenue of $146.68 million for the quarter, compared to the consensus estimate of $140.98 million. Equities analysts expect that Tetra Technologies, Inc. will post 0.15 earnings per share for the current year.

Tetra Technologies Profile

Tetra Technologies, Inc (NYSE: TTI) is a provider of specialized products and services to the upstream oil and gas industry. The company operates through two primary segments: Oilfield Services, which offers hydraulic fracturing and wellsite fluid systems, and Chemical Solutions, which manufactures and delivers a broad range of drilling, completion and production chemicals. Tetra’s integrated service model spans the design, blending and on-site delivery of fluids, as well as pumping equipment and related wellsite operations.

Within the Oilfield Services segment, Tetra supplies pressure pumping fleets and associated equipment to support onshore hydraulic fracturing and well placement activities.