TETRA Technologies’ (TTI) “Buy” Rating Reiterated at D. Boral Capital

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

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

TETRA Technologies Price Performance

TTI opened at $3.90 on Wednesday. The company has a market capitalization of $514.06 million, a price-to-earnings ratio of 195.10 and a beta of 2.06. The company has a current ratio of 2.33, a quick ratio of 1.51 and a debt-to-equity ratio of 1.16. TETRA Technologies has a 12-month low of $2.68 and a 12-month high of $5.08. The business’s fifty day simple moving average is $3.73 and its 200-day simple moving average is $3.42.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TTI. American Century Companies Inc. grew its holdings in TETRA Technologies by 153.8% in the second quarter. American Century Companies Inc. now owns 883,431 shares of the oil and gas company’s stock worth $3,057,000 after purchasing an additional 535,413 shares during the last quarter. Walleye Capital LLC acquired a new stake in shares of TETRA Technologies in the 3rd quarter worth $418,000. Stanley Laman Group Ltd. grew 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 last quarter. Barclays PLC increased its position in TETRA Technologies by 369.6% during the 3rd quarter. Barclays PLC now owns 209,873 shares of the oil and gas company’s stock valued at $650,000 after buying an additional 165,184 shares in the last quarter. Finally, HITE Hedge Asset Management LLC purchased a new stake in TETRA Technologies in the second quarter valued at about $4,368,000. 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.