Tetra Technologies, Inc. $TTI Shares Acquired by UBS Group AG

UBS Group AG increased its position in Tetra Technologies, Inc. (NYSE:TTI) by 217.6% in the fourth quarter, Holdings Channel reports. The firm owned 668,783 shares of the oil and gas company’s stock after purchasing an additional 458,230 shares during the quarter. UBS Group AG’s holdings in Tetra Technologies were worth $6,266,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Stone House Investment Management LLC acquired a new position in Tetra Technologies in the fourth quarter worth about $39,000. State of Alaska Department of Revenue acquired a new position in Tetra Technologies in the third quarter valued at approximately $28,000. Generali Investments Management Co LLC acquired a new position in Tetra Technologies in the fourth quarter valued at approximately $54,000. Sowell Financial Services LLC acquired a new position in Tetra Technologies in the fourth quarter valued at approximately $94,000. Finally, Vestmark Advisory Solutions Inc. acquired a new position in Tetra Technologies in the third quarter valued at approximately $58,000. 70.19% of the stock is currently owned by institutional investors and hedge funds.

Tetra Technologies Stock Performance

Shares of NYSE TTI opened at $10.31 on Wednesday. The company has a current ratio of 2.02, a quick ratio of 1.20 and a debt-to-equity ratio of 0.62. The stock has a 50 day simple moving average of $8.98 and a 200-day simple moving average of $9.31. The company has a market cap of $1.40 billion, a PE ratio of 206.14 and a beta of 1.21. Tetra Technologies, Inc. has a 12-month low of $2.63 and a 12-month high of $12.54.

Tetra Technologies (NYSE:TTI) last issued its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.03. The business had revenue of $156.25 million during the quarter, compared to the consensus estimate of $151.20 million. Tetra Technologies had a return on equity of 10.50% and a net margin of 1.15%. On average, equities research analysts forecast that Tetra Technologies, Inc. will post 0.26 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Clear Str downgraded Tetra Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Weiss Ratings upgraded Tetra Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $10.25.

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.