Masters Capital Management LLC Acquires 700,000 Shares of TETRA Technologies, Inc. (NYSE:TTI)

Masters Capital Management LLC raised its stake in TETRA Technologies, Inc. (NYSE:TTI) by 70.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,700,000 shares of the oil and gas company’s stock after purchasing an additional 700,000 shares during the quarter. Masters Capital Management LLC’s holdings in TETRA Technologies were worth $5,882,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TTI. Principal Financial Group Inc. boosted its position in TETRA Technologies by 15.4% during the first 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 increased its stake in TETRA Technologies by 10.3% in the fourth quarter. Spouting Rock Asset Management LLC now owns 30,943 shares of the oil and gas company’s stock valued at $140,000 after acquiring an additional 2,897 shares during the last quarter. Diversified Trust Co grew its position in TETRA Technologies by 12.0% in the second quarter. Diversified Trust Co now owns 39,762 shares of the oil and gas company’s stock valued at $138,000 after acquiring an additional 4,247 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in 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 worth $456,000 after purchasing an additional 5,265 shares in the last quarter. Finally, Point72 DIFC Ltd boosted its holdings in shares of TETRA Technologies by 82.0% during the 2nd quarter. Point72 DIFC Ltd now owns 13,241 shares of the oil and gas company’s stock valued at $46,000 after acquiring an additional 5,966 shares in the last quarter. 70.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

TETRA Technologies Trading Up 2.0 %

NYSE TTI opened at $3.09 on Tuesday. TETRA Technologies, Inc. has a 12 month low of $2.68 and a 12 month high of $6.77. The company has a current ratio of 2.41, a quick ratio of 1.72 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $405.22 million, a P/E ratio of 19.31 and a beta of 2.05. The business has a fifty day simple moving average of $3.22 and a 200 day simple moving average of $3.70.

TETRA Technologies (NYSE:TTI) last released its 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). The company had revenue of $171.94 million during the quarter, compared to analysts’ expectations of $180.66 million. TETRA Technologies had a net margin of 1.61% and a return on equity of 18.84%. On average, analysts predict that TETRA Technologies, Inc. will post 0.19 EPS for the current fiscal year.

TETRA Technologies Company Profile

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.