Huber Capital Management LLC Raises Stock Holdings in TETRA Technologies, Inc. (NYSE:TTI)

Huber Capital Management LLC boosted its position in TETRA Technologies, Inc. (NYSE:TTI) by 5.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,945,586 shares of the oil and gas company’s stock after purchasing an additional 95,096 shares during the quarter. TETRA Technologies comprises about 1.5% of Huber Capital Management LLC’s holdings, making the stock its 20th largest position. Huber Capital Management LLC owned 1.48% of TETRA Technologies worth $6,732,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in shares of TETRA Technologies by 15.4% during the 1st quarter. Principal Financial Group Inc. now owns 16,854 shares of the oil and gas company’s stock worth $75,000 after purchasing an additional 2,251 shares during the period. Spouting Rock Asset Management LLC raised its stake in TETRA Technologies by 10.3% during the fourth quarter. Spouting Rock Asset Management LLC now owns 30,943 shares of the oil and gas company’s stock worth $140,000 after purchasing an additional 2,897 shares during the period. Diversified Trust Co boosted its holdings in shares of TETRA Technologies by 12.0% in the 2nd quarter. Diversified Trust Co now owns 39,762 shares of the oil and gas company’s stock valued at $138,000 after purchasing an additional 4,247 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of TETRA Technologies by 5.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 102,722 shares of the oil and gas company’s stock valued at $456,000 after buying an additional 5,265 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of TETRA Technologies by 27.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,812 shares of the oil and gas company’s stock valued at $124,000 after buying an additional 7,784 shares during the period. 70.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded TETRA Technologies from a “sell” rating to a “hold” rating in a report on Friday, August 9th.

TETRA Technologies Price Performance

TTI opened at $3.03 on Friday. TETRA Technologies, Inc. has a 52-week low of $2.68 and a 52-week high of $6.77. The company has a 50 day moving average of $3.24 and a two-hundred day moving average of $3.71. The company has a market cap of $397.35 million, a P/E ratio of 18.94 and a beta of 2.05. The company has a quick ratio of 1.72, a current ratio of 2.41 and a debt-to-equity ratio of 1.17.

TETRA Technologies (NYSE:TTI) last announced its quarterly earnings results on Wednesday, July 31st. The oil and gas company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). TETRA Technologies had a return on equity of 18.84% and a net margin of 1.61%. The business had revenue of $171.94 million for the quarter, compared to analysts’ expectations of $180.66 million. On average, analysts expect that TETRA Technologies, Inc. will post 0.19 earnings per share for the current year.

About TETRA Technologies

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.