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

TETRA Technologies (NYSE:TTI)‘s stock had its “buy” rating reiterated by equities research analysts at D. Boral Capital in a research report issued on Tuesday,Benzinga reports. They currently have a $5.50 price objective on the oil and gas company’s stock. D. Boral Capital’s price objective indicates a potential upside of 54.49% from the stock’s current price.

A number of other equities analysts have also commented on TTI. EF Hutton Acquisition Co. I raised TETRA Technologies to a “strong-buy” rating in a research note on Monday, October 21st. StockNews.com upgraded shares of TETRA Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. One 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’s stock. According to data from MarketBeat.com, TETRA Technologies presently has an average rating of “Buy” and an average price target of $6.50.

TETRA Technologies Price Performance

Shares of NYSE:TTI opened at $3.56 on Tuesday. TETRA Technologies has a twelve month low of $2.68 and a twelve month high of $5.08. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 1.16. The company has a market cap of $469.24 million, a price-to-earnings ratio of 180.00 and a beta of 2.10. The business has a 50 day moving average price of $3.59 and a 200 day moving average price of $3.38.

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

Hedge Funds Weigh In On TETRA Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. &PARTNERS lifted its holdings in TETRA Technologies by 12.3% during the second quarter. &PARTNERS now owns 276,907 shares of the oil and gas company’s stock worth $958,000 after acquiring an additional 30,413 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in TETRA Technologies by 9.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 495,239 shares of the oil and gas company’s stock worth $1,714,000 after buying an additional 42,206 shares during the period. Allspring Global Investments Holdings LLC bought a new position in TETRA Technologies in the second quarter valued at approximately $162,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of TETRA Technologies by 27.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,812 shares of the oil and gas company’s stock valued at $124,000 after buying an additional 7,784 shares during the period. Finally, Panagora Asset Management Inc. increased its position in shares of TETRA Technologies by 7.9% during the second quarter. Panagora Asset Management Inc. now owns 871,388 shares of the oil and gas company’s stock worth $3,015,000 after acquiring an additional 63,698 shares in the last quarter. 70.19% of the stock is owned by institutional investors.

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.