2,706,375 Shares in Tetra Technologies, Inc. $TTI Acquired by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. bought a new stake in shares of Tetra Technologies, Inc. (NYSE:TTI) during the 4th quarter, HoldingsChannel reports. The firm bought 2,706,375 shares of the oil and gas company’s stock, valued at approximately $25,359,000.

A number of other institutional investors and hedge funds have also modified their holdings of TTI. State of Alaska Department of Revenue bought a new position in shares of Tetra Technologies during the third quarter valued at $28,000. Osaic Holdings Inc. lifted its stake in Tetra Technologies by 647.1% during the 2nd 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 period. American Trust bought a new position in Tetra Technologies during the 2nd quarter valued at about $49,000. Tower Research Capital LLC TRC boosted its holdings 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 last quarter. Finally, Brevan Howard Capital Management LP bought a new stake in shares of Tetra Technologies in the second quarter worth approximately $51,000. Institutional investors own 70.19% of the company’s stock.

Analyst Upgrades and Downgrades

TTI has been the topic of a number of research analyst reports. Northland Securities increased their price objective on shares of Tetra Technologies from $8.50 to $11.50 and gave the company an “outperform” rating in a research report on Wednesday, December 31st. CJS Securities began coverage on shares of Tetra Technologies in a research note on Thursday, December 11th. They set an “outperform” rating and a $11.50 target price for the company. Stifel Nicolaus increased their price target on Tetra Technologies from $9.00 to $13.00 and gave the company a “buy” rating in a report on Monday, January 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Tetra Technologies in a research note on Friday, January 9th. Finally, Clear Str lowered Tetra Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Tetra Technologies presently has an average rating of “Moderate Buy” and an average price target of $10.25.

Tetra Technologies Trading Up 1.6%

Shares of TTI stock opened at $8.53 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.02 and a quick ratio of 1.28. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 426.25 and a beta of 1.20. Tetra Technologies, Inc. has a 1 year low of $2.03 and a 1 year high of $12.54. The firm has a fifty day moving average price of $9.94 and a 200-day moving average price of $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 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 company had revenue of $146.68 million for the quarter, compared to analysts’ expectations of $140.98 million. As a group, equities analysts predict that Tetra Technologies, Inc. will post 0.15 earnings per share for the current year.

Tetra Technologies Company 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.