Ameriprise Financial Inc. cut its stake in shares of TETRA Technologies, Inc. (NYSE:TTI) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,919,021 shares of the oil and gas company’s stock after selling 38,003 shares during the period. Ameriprise Financial Inc. owned approximately 2.52% of TETRA Technologies worth $8,348,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in TTI. JPMorgan Chase & Co. lifted its holdings in TETRA Technologies by 3,012.3% during the second quarter. JPMorgan Chase & Co. now owns 46,187 shares of the oil and gas company’s stock worth $129,000 after acquiring an additional 44,703 shares in the last quarter. Cubist Systematic Strategies LLC lifted its holdings in TETRA Technologies by 326.0% during the second quarter. Cubist Systematic Strategies LLC now owns 47,942 shares of the oil and gas company’s stock worth $134,000 after acquiring an additional 36,687 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in TETRA Technologies by 73.7% during the second quarter. GSA Capital Partners LLP now owns 57,037 shares of the oil and gas company’s stock worth $159,000 after acquiring an additional 24,198 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in TETRA Technologies by 68.0% during the third quarter. BNP Paribas Arbitrage SA now owns 58,889 shares of the oil and gas company’s stock worth $168,000 after acquiring an additional 23,839 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in TETRA Technologies by 0.3% during the second quarter. Arizona State Retirement System now owns 60,490 shares of the oil and gas company’s stock worth $169,000 after acquiring an additional 200 shares in the last quarter. 90.55% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently commented on the company. Royal Bank of Canada set a $5.00 price target on TETRA Technologies and gave the company a “hold” rating in a report on Thursday. Loop Capital boosted their price target on TETRA Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a report on Friday, November 10th. ValuEngine upgraded TETRA Technologies from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 14th. Credit Suisse Group boosted their price target on TETRA Technologies from $3.50 to $4.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Finally, Wells Fargo & Co boosted their price target on TETRA Technologies from $3.50 to $5.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $4.91.

Shares of TETRA Technologies, Inc. (NYSE:TTI) opened at $4.23 on Friday. TETRA Technologies, Inc. has a twelve month low of $1.85 and a twelve month high of $5.28. The stock has a market capitalization of $484.48, a PE ratio of -9.84 and a beta of 0.98. The company has a current ratio of 2.24, a quick ratio of 1.38 and a debt-to-equity ratio of 1.63.

TETRA Technologies (NYSE:TTI) last released its earnings results on Thursday, November 9th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.06. TETRA Technologies had a negative return on equity of 6.89% and a negative net margin of 5.47%. The business had revenue of $216.36 million for the quarter, compared to analyst estimates of $218.65 million. During the same quarter in the prior year, the company posted ($0.05) earnings per share. TETRA Technologies’s revenue was up 22.5% on a year-over-year basis. analysts expect that TETRA Technologies, Inc. will post -0.14 EPS for the current fiscal year.

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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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Institutional Ownership by Quarter for TETRA Technologies (NYSE:TTI)

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