Nationwide Fund Advisors Has $628,000 Position in Tetra Technologies, Inc. (TTI)
Nationwide Fund Advisors decreased its position in Tetra Technologies, Inc. (NYSE:TTI) by 44.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,131 shares of the oil and gas company’s stock after selling 179,776 shares during the period. Nationwide Fund Advisors owned approximately 0.19% of Tetra Technologies worth $628,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in TTI. Bank of New York Mellon Corp boosted its stake in Tetra Technologies by 9.6% in the 1st quarter. Bank of New York Mellon Corp now owns 1,650,044 shares of the oil and gas company’s stock worth $6,717,000 after purchasing an additional 144,630 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in Tetra Technologies by 96.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 58,849 shares of the oil and gas company’s stock worth $240,000 after purchasing an additional 28,952 shares in the last quarter. Karp Capital Management Corp bought a new position in Tetra Technologies in the 1st quarter worth about $121,000. Prudential Financial Inc. boosted its stake in Tetra Technologies by 1.6% in the 1st quarter. Prudential Financial Inc. now owns 193,810 shares of the oil and gas company’s stock worth $789,000 after purchasing an additional 3,080 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in Tetra Technologies by 79.5% in the 1st quarter. Arizona State Retirement System now owns 60,290 shares of the oil and gas company’s stock worth $245,000 after purchasing an additional 26,700 shares in the last quarter. Institutional investors own 90.60% of the company’s stock.
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Tetra Technologies, Inc. (NYSE TTI) opened at 2.84 on Wednesday. Tetra Technologies, Inc. has a 12 month low of $1.85 and a 12 month high of $5.98. The stock’s market cap is $329.15 million. The firm has a 50-day moving average price of $2.67 and a 200-day moving average price of $2.79.
Tetra Technologies (NYSE:TTI) last issued its quarterly earnings results on Wednesday, August 9th. The oil and gas company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.03). The business had revenue of $208.37 million during the quarter, compared to analyst estimates of $204.19 million. Tetra Technologies had a negative return on equity of 9.56% and a negative net margin of 8.27%. Tetra Technologies’s revenue was up 18.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.15) EPS. Equities research analysts expect that Tetra Technologies, Inc. will post ($0.18) earnings per share for the current fiscal year.
A number of brokerages recently issued reports on TTI. Royal Bank Of Canada reiterated a “hold” rating and issued a $3.25 price target on shares of Tetra Technologies in a research note on Thursday, July 20th. BidaskClub cut shares of Tetra Technologies from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Piper Jaffray Companies set a $4.00 price target on shares of Tetra Technologies and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Zacks Investment Research cut shares of Tetra Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Finally, ValuEngine cut shares of Tetra Technologies from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Tetra Technologies currently has a consensus rating of “Hold” and a consensus price target of $5.17.
About Tetra Technologies
TETRA Technologies, Inc is an oil and gas services company. The Company focuses on completion fluids and associated products and services, water management, production well testing, offshore rig cooling, compression services and equipment, and offshore services, such as decommissioning and diving. It is composed of five segments organized into four divisions: Fluids, Production Testing, Compression and Offshore.
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