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

TETRA Technologies (NYSE:TTI)‘s stock had its “buy” rating reiterated by equities research analysts at D. Boral Capital in a report issued on Wednesday,Benzinga reports. They presently have a $5.50 target price on the oil and gas company’s stock. D. Boral Capital’s target price indicates a potential upside of 46.86% from the stock’s current price.

TETRA Technologies Stock Up 6.1 %

NYSE:TTI opened at $3.75 on Wednesday. TETRA Technologies has a 1-year low of $2.68 and a 1-year high of $5.12. The firm has a market capitalization of $495.82 million, a price-to-earnings ratio of 187.34 and a beta of 2.04. 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 business’s fifty day moving average price is $4.00 and its 200 day moving average price is $3.69.

TETRA Technologies (NYSE:TTI) last issued its earnings results on Tuesday, February 25th. The oil and gas company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. The company had revenue of $134.50 million for the quarter, compared to the consensus estimate of $138.96 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. On average, sell-side analysts forecast that TETRA Technologies will post 0.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TETRA Technologies

A number of institutional investors have recently modified their holdings of TTI. Pullen Investment Management LLC raised its holdings in shares of TETRA Technologies by 105.5% during the fourth quarter. Pullen Investment Management LLC now owns 507,650 shares of the oil and gas company’s stock worth $1,817,000 after acquiring an additional 260,611 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in TETRA Technologies by 18.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 291,515 shares of the oil and gas company’s stock worth $1,044,000 after purchasing an additional 45,535 shares during the last quarter. Two Sigma Investments LP raised its stake in shares of TETRA Technologies by 51.2% during the 4th quarter. Two Sigma Investments LP now owns 187,072 shares of the oil and gas company’s stock worth $670,000 after purchasing an additional 63,370 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of TETRA Technologies by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 35,357 shares of the oil and gas company’s stock valued at $127,000 after buying an additional 11,634 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of 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 buying an additional 3,124 shares in the last quarter. Institutional investors and hedge funds 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.