D. Boral Capital Reaffirms Buy Rating for TETRA Technologies (NYSE:TTI)

TETRA Technologies (NYSE:TTI)‘s stock had its “buy” rating restated by stock analysts at D. Boral Capital in a research report issued on Wednesday,Benzinga reports. They presently have a $5.50 price objective on the oil and gas company’s stock. D. Boral Capital’s target price indicates a potential upside of 42.86% from the stock’s previous close.

Several other brokerages also recently commented on TTI. StockNews.com raised TETRA Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. EF Hutton Acquisition Co. I raised TETRA Technologies to a “strong-buy” rating in a research note on Monday, October 21st. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $6.50.

TETRA Technologies Stock Performance

Shares of NYSE:TTI opened at $3.85 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.33 and a quick ratio of 1.51. The business’s fifty day moving average price is $3.72 and its two-hundred day moving average price is $3.41. TETRA Technologies has a fifty-two week low of $2.68 and a fifty-two week high of $5.08. The stock has a market capitalization of $507.47 million, a price-to-earnings ratio of 192.60 and a beta of 2.06.

TETRA Technologies (NYSE:TTI) last posted its earnings results on Tuesday, October 29th. The oil and gas company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. The business had revenue of $141.70 million for the quarter, compared to analyst estimates of $156.43 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. As a group, analysts predict that TETRA Technologies will post 0.15 EPS for the current fiscal year.

Hedge Funds Weigh In On TETRA Technologies

Large investors have recently made changes to their positions in the company. HITE Hedge Asset Management LLC bought a new position in TETRA Technologies during the second quarter worth about $4,368,000. Jacobs Levy Equity Management Inc. bought a new position in shares of TETRA Technologies during the third quarter worth $2,546,000. Masters Capital Management LLC grew its holdings in shares of TETRA Technologies by 70.0% in the 2nd quarter. Masters Capital Management LLC now owns 1,700,000 shares of the oil and gas company’s stock valued at $5,882,000 after buying an additional 700,000 shares during the period. American Century Companies Inc. increased its position in shares of TETRA Technologies by 153.8% in the 2nd quarter. American Century Companies Inc. now owns 883,431 shares of the oil and gas company’s stock valued at $3,057,000 after buying an additional 535,413 shares in the last quarter. Finally, Stanley Laman Group Ltd. raised its stake in TETRA Technologies by 57.9% during the 3rd quarter. Stanley Laman Group Ltd. now owns 1,401,932 shares of the oil and gas company’s stock worth $4,346,000 after buying an additional 514,054 shares during the period. Institutional investors and hedge funds own 70.19% of the company’s stock.

TETRA Technologies Company Profile

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.