TETRA Technologies (NYSE:TTI) Given “Buy” Rating at D. Boral Capital

D. Boral Capital reissued their buy rating on shares of TETRA Technologies (NYSE:TTI) in a report published on Wednesday morning,Benzinga reports. D. Boral Capital currently has a $5.50 target price on the oil and gas company’s stock.

TETRA Technologies Trading Down 1.0 %

Shares of TTI stock opened at $3.53 on Wednesday. The company has a market capitalization of $466.69 million, a PE ratio of 176.34 and a beta of 2.04. TETRA Technologies has a 52-week low of $2.68 and a 52-week high of $5.12. The business’s fifty day moving average is $4.03 and its 200 day moving average is $3.69. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.51 and a current ratio of 2.33.

TETRA Technologies (NYSE:TTI) last released its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. The firm had revenue of $134.50 million for the quarter, compared to analysts’ expectations of $138.96 million. On average, equities research analysts anticipate that TETRA Technologies will post 0.15 EPS for the current fiscal year.

Institutional Trading of TETRA Technologies

Several institutional investors and hedge funds have recently made changes to their positions in TTI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in TETRA Technologies by 4.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,839 shares of the oil and gas company’s stock valued at $257,000 after purchasing an additional 3,124 shares in the last quarter. HITE Hedge Asset Management LLC lifted its position in TETRA Technologies by 0.3% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 1,266,869 shares of the oil and gas company’s stock worth $3,927,000 after buying an additional 4,393 shares during the last quarter. Stoneridge Investment Partners LLC boosted its stake in TETRA Technologies by 23.1% in the fourth quarter. Stoneridge Investment Partners LLC now owns 35,674 shares of the oil and gas company’s stock worth $128,000 after buying an additional 6,684 shares in the last quarter. FMR LLC grew its position in TETRA Technologies by 75.0% during the third quarter. FMR LLC now owns 18,858 shares of the oil and gas company’s stock valued at $58,000 after acquiring an additional 8,084 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of TETRA Technologies by 6.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 142,394 shares of the oil and gas company’s stock worth $510,000 after acquiring an additional 8,323 shares in the last quarter. Hedge funds and other institutional investors own 70.19% of the company’s stock.

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.