98,563 Shares in Tetra Technologies, Inc. $TTI Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. bought a new stake in shares of Tetra Technologies, Inc. (NYSE:TTI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 98,563 shares of the oil and gas company’s stock, valued at approximately $567,000. Principal Financial Group Inc. owned about 0.07% of Tetra Technologies at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Acuitas Investments LLC acquired a new stake in shares of Tetra Technologies during the 3rd quarter valued at $6,787,000. Marshall Wace LLP acquired a new stake in shares of Tetra Technologies during the second quarter worth $3,613,000. CSM Advisors LLC purchased a new stake in shares of Tetra Technologies during the second quarter valued at $3,228,000. Frontier Capital Management Co. LLC boosted its position in shares of Tetra Technologies by 26.1% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,837,749 shares of the oil and gas company’s stock valued at $9,535,000 after purchasing an additional 586,493 shares during the period. Finally, Bridgeway Capital Management LLC purchased a new position in Tetra Technologies in the 2nd quarter worth about $1,859,000. Institutional investors and hedge funds own 70.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Stifel Nicolaus upped their price objective on shares of Tetra Technologies from $9.00 to $13.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Tetra Technologies in a report on Friday, January 9th. CJS Securities initiated coverage on shares of Tetra Technologies in a research report on Thursday, December 11th. They issued an “outperform” rating and a $11.50 price target for the company. Northland Securities lifted their price objective on shares of Tetra Technologies from $8.50 to $11.50 and gave the stock an “outperform” rating in a research report on Wednesday, December 31st. Finally, Wall Street Zen downgraded shares of Tetra Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $10.25.

Tetra Technologies Stock Performance

Shares of TTI opened at $11.20 on Friday. The company has a market capitalization of $1.50 billion, a PE ratio of 12.30 and a beta of 1.24. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.56 and a current ratio of 2.35. The company’s 50 day moving average price is $10.51 and its 200 day moving average price is $7.67. Tetra Technologies, Inc. has a 52 week low of $2.03 and a 52 week high of $12.54.

About Tetra Technologies

Tetra Technologies, Inc (NYSE: TTI) is a provider of specialized products and services to the upstream oil and gas industry. The company operates through two primary segments: Oilfield Services, which offers hydraulic fracturing and wellsite fluid systems, and Chemical Solutions, which manufactures and delivers a broad range of drilling, completion and production chemicals. Tetra’s integrated service model spans the design, blending and on-site delivery of fluids, as well as pumping equipment and related wellsite operations.

Within the Oilfield Services segment, Tetra supplies pressure pumping fleets and associated equipment to support onshore hydraulic fracturing and well placement activities.