M&T Bank Corp Invests $53,000 in TETRA Technologies, Inc. (NYSE:TTI)

M&T Bank Corp purchased a new position in TETRA Technologies, Inc. (NYSE:TTI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 14,858 shares of the oil and gas company’s stock, valued at approximately $53,000.

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in TETRA Technologies by 233.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 510,705 shares of the oil and gas company’s stock valued at $1,583,000 after buying an additional 357,455 shares in the last quarter. Walleye Capital LLC acquired a new position in TETRA Technologies during the 3rd quarter valued at about $418,000. Barclays PLC increased its position in TETRA Technologies by 369.6% during the 3rd quarter. Barclays PLC now owns 209,873 shares of the oil and gas company’s stock valued at $650,000 after buying an additional 165,184 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in TETRA Technologies during the 3rd quarter valued at about $2,546,000. Finally, Stifel Financial Corp increased its position in TETRA Technologies by 703.0% during the 3rd quarter. Stifel Financial Corp now owns 216,439 shares of the oil and gas company’s stock valued at $671,000 after buying an additional 189,484 shares in the last quarter. 70.19% of the stock is owned by institutional investors and hedge funds.

TETRA Technologies Stock Up 2.9 %

Shares of TTI stock opened at $3.35 on Friday. The stock’s 50-day simple moving average is $4.13 and its 200-day simple moving average is $3.66. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.51 and a current ratio of 2.33. The firm has a market capitalization of $442.86 million, a PE ratio of 167.33 and a beta of 2.04. TETRA Technologies, Inc. has a fifty-two week low of $2.68 and a fifty-two week high of $5.12.

TETRA Technologies (NYSE:TTI) last announced its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. The business had revenue of $134.50 million for the quarter, compared to analyst estimates of $138.96 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. Equities analysts expect that TETRA Technologies, Inc. will post 0.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, D. Boral Capital reaffirmed a “buy” rating and set a $5.50 target price on shares of TETRA Technologies in a research report on Thursday, February 27th.

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.