Vaughan Nelson Investment Management L.P. Makes New $25.36 Million Investment in Tetra Technologies, Inc. $TTI

Vaughan Nelson Investment Management L.P. bought a new stake in Tetra Technologies, Inc. (NYSE:TTI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,706,375 shares of the oil and gas company’s stock, valued at approximately $25,359,000. Vaughan Nelson Investment Management L.P. owned approximately 2.02% of Tetra Technologies as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. State of Alaska Department of Revenue bought a new stake in shares of Tetra Technologies during the 3rd quarter worth $28,000. Osaic Holdings Inc. boosted its stake in Tetra Technologies by 647.1% in the second quarter. Osaic Holdings Inc. now owns 12,700 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 11,000 shares during the last quarter. American Trust bought a new position in shares of Tetra Technologies during the 2nd quarter valued at approximately $49,000. Tower Research Capital LLC TRC grew its position in shares of Tetra Technologies by 235.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 14,536 shares of the oil and gas company’s stock valued at $49,000 after acquiring an additional 10,204 shares during the period. Finally, Brevan Howard Capital Management LP purchased a new stake in shares of Tetra Technologies during the 2nd quarter worth approximately $51,000. 70.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TTI shares. Clear Str lowered Tetra Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. 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 research note on Thursday, December 11th. They set an “outperform” rating and a $11.50 price objective for 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 note on Wednesday, December 31st. Finally, Stifel Nicolaus lifted their price target on shares of Tetra Technologies from $9.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $10.25.

Tetra Technologies Trading Up 1.6%

NYSE:TTI opened at $8.53 on Wednesday. The firm has a market capitalization of $1.14 billion, a P/E ratio of 426.25 and a beta of 1.20. 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, Inc. has a one year low of $2.03 and a one year high of $12.54. The company’s 50-day simple moving average is $9.94 and its 200 day simple moving average is $8.59.

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

About Tetra Technologies

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.