TETRA Technologies, Inc. (NYSE:TTI) Shares Sold by Emerald Advisers LLC

Emerald Advisers LLC reduced its holdings in TETRA Technologies, Inc. (NYSE:TTI) by 3.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,420,302 shares of the oil and gas company’s stock after selling 90,596 shares during the quarter. Emerald Advisers LLC owned 1.85% of TETRA Technologies worth $8,374,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TTI. BNP Paribas Financial Markets increased its holdings in shares of TETRA Technologies by 168.1% during the first quarter. BNP Paribas Financial Markets now owns 250,888 shares of the oil and gas company’s stock valued at $1,111,000 after purchasing an additional 157,295 shares during the period. Panagora Asset Management Inc. raised its position in shares of TETRA Technologies by 20.0% during the 4th quarter. Panagora Asset Management Inc. now owns 762,963 shares of the oil and gas company’s stock worth $3,449,000 after buying an additional 127,378 shares in the last quarter. Norden Group LLC acquired a new stake in shares of TETRA Technologies in the 1st quarter worth approximately $83,000. Russell Investments Group Ltd. boosted its holdings in shares of TETRA Technologies by 6.3% in the fourth quarter. Russell Investments Group Ltd. now owns 350,797 shares of the oil and gas company’s stock valued at $1,586,000 after acquiring an additional 20,675 shares in the last quarter. Finally, Foundry Partners LLC increased its stake in shares of TETRA Technologies by 37.9% during the first quarter. Foundry Partners LLC now owns 804,350 shares of the oil and gas company’s stock valued at $3,563,000 after acquiring an additional 221,005 shares during the period. Institutional investors own 70.19% of the company’s stock.

TETRA Technologies Stock Performance

Shares of TTI opened at $2.83 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.41 and a quick ratio of 1.72. The firm’s 50 day moving average is $3.32 and its 200-day moving average is $3.78. TETRA Technologies, Inc. has a 12-month low of $2.80 and a 12-month high of $6.77. The stock has a market capitalization of $371.12 million, a P/E ratio of 17.69 and a beta of 2.05.

TETRA Technologies (NYSE:TTI) last issued 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 business had revenue of $171.94 million for the quarter, compared to the consensus estimate of $180.66 million. TETRA Technologies had a return on equity of 18.84% and a net margin of 1.61%. Equities research analysts anticipate that TETRA Technologies, Inc. will post 0.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.