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Aug 20, 2023

Connor Clark & Lunn Investment Management Ltd. Takes Position in TETRA Technologies, Inc. (NYSE:TTI)

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in TETRA Technologies, Inc. (NYSE:TTI - Free Report) in the 1st quarter, according to the company in its most recent disclosure

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in TETRA Technologies, Inc. (NYSE:TTI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 50,512 shares of the oil and gas company's stock, valued at approximately $134,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Covestor Ltd acquired a new stake in shares of TETRA Technologies in the first quarter valued at approximately $31,000. Scissortail Wealth Management LLC acquired a new stake in shares of TETRA Technologies in the first quarter valued at approximately $914,108,000. Tower Research Capital LLC TRC increased its stake in TETRA Technologies by 214.7% during the first quarter. Tower Research Capital LLC TRC now owns 10,353 shares of the oil and gas company's stock worth $27,000 after acquiring an additional 7,063 shares during the last quarter. Verition Fund Management LLC acquired a new stake in TETRA Technologies during the second quarter worth $43,000. Finally, Teacher Retirement System of Texas acquired a new stake in TETRA Technologies during the fourth quarter worth $44,000. Institutional investors and hedge funds own 61.80% of the company's stock.

TTI has been the subject of several recent analyst reports. TheStreet raised TETRA Technologies from a "c" rating to a "b-" rating in a research note on Tuesday, August 1st. Stifel Nicolaus raised their target price on TETRA Technologies from $6.00 to $7.00 and gave the stock a "buy" rating in a research note on Wednesday, August 2nd. Finally, StockNews.com initiated coverage on TETRA Technologies in a research note on Friday, August 18th. They set a "hold" rating for the company.

View Our Latest Stock Report on TTI

Shares of NYSE TTI opened at $5.31 on Tuesday. TETRA Technologies, Inc. has a twelve month low of $2.43 and a twelve month high of $5.59. The company has a current ratio of 2.07, a quick ratio of 1.42 and a debt-to-equity ratio of 1.14. The stock has a fifty day simple moving average of $4.31 and a 200-day simple moving average of $3.48. The stock has a market capitalization of $687.96 million, a PE ratio of 29.50 and a beta of 2.63.

TETRA Technologies (NYSE:TTI - Get Free Report) last issued its quarterly earnings data on Monday, July 31st. The oil and gas company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.05. The business had revenue of $175.46 million during the quarter, compared to analysts' expectations of $168.90 million. TETRA Technologies had a return on equity of 22.94% and a net margin of 3.75%. On average, equities analysts forecast that TETRA Technologies, Inc. will post 0.3 earnings per share for the current year.

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.

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