D. Boral Capital Reiterates “Buy” Rating for TETRA Technologies (NYSE:TTI)

TETRA Technologies (NYSE:TTI)‘s stock had its “buy” rating restated by equities research analysts at D. Boral Capital in a research note issued to investors on Thursday,Benzinga reports. They presently have a $5.50 price target on the oil and gas company’s stock. D. Boral Capital’s price objective would suggest a potential upside of 45.12% from the company’s previous close.

Separately, StockNews.com raised shares of TETRA Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th.

TETRA Technologies Stock Down 1.0 %

TTI stock opened at $3.79 on Thursday. The company’s 50 day moving average is $4.17 and its two-hundred day moving average is $3.65. TETRA Technologies has a twelve month low of $2.68 and a twelve month high of $5.12. The company has a current ratio of 2.33, a quick ratio of 1.51 and a debt-to-equity ratio of 1.16. The stock has a market cap of $499.56 million, a P/E ratio of 189.59 and a beta of 2.04.

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 (EPS) for the quarter, hitting analysts’ consensus estimates 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 the consensus estimate of $138.96 million. Research analysts expect that TETRA Technologies will post 0.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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