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

D. Boral Capital reiterated their buy rating on shares of TETRA Technologies (NYSE:TTI) in a research note published on Tuesday,Benzinga reports. The brokerage currently has a $5.50 price target on the oil and gas company’s stock.

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

TETRA Technologies Trading Up 1.9 %

Shares of NYSE TTI opened at $3.67 on Tuesday. The firm’s 50 day moving average price is $3.60 and its 200-day moving average price is $3.38. TETRA Technologies has a 52-week low of $2.68 and a 52-week high of $5.08. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.51 and a current ratio of 2.33. The company has a market cap of $483.74 million, a PE ratio of 183.50 and a beta of 2.10.

TETRA Technologies (NYSE:TTI) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. The business had revenue of $141.70 million for the quarter, compared to analysts’ expectations of $156.43 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.07 EPS. On average, equities research analysts expect that TETRA Technologies will post 0.15 EPS for the current fiscal year.

Institutional Trading of TETRA Technologies

Several large investors have recently modified their holdings of TTI. American Century Companies Inc. increased its position in shares of TETRA Technologies by 153.8% during 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 purchasing an additional 535,413 shares during the last quarter. Walleye Capital LLC purchased a new position in TETRA Technologies during the third quarter valued at $418,000. Stanley Laman Group Ltd. increased its position in TETRA Technologies by 57.9% in the third 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 in the last quarter. HITE Hedge Asset Management LLC bought a new position in shares of TETRA Technologies in the second quarter worth about $4,368,000. Finally, Pullen Investment Management LLC bought a new stake in TETRA Technologies during the 3rd quarter worth approximately $766,000. Institutional investors 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.