TETRA Technologies (NYSE:TTI) Receives Buy Rating from D. Boral Capital

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

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

TETRA Technologies Trading Down 1.1 %

TTI stock opened at $3.56 on Tuesday. TETRA Technologies has a one year low of $2.68 and a one year high of $5.08. The stock has a market cap of $469.24 million, a price-to-earnings ratio of 180.00 and a beta of 2.10. The company has a fifty day moving average price of $3.59 and a two-hundred day moving average price of $3.38. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.33 and a quick ratio of 1.51.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. &PARTNERS raised its stake in shares of TETRA Technologies by 12.3% during the 2nd quarter. &PARTNERS now owns 276,907 shares of the oil and gas company’s stock worth $958,000 after purchasing an additional 30,413 shares during the period. Bank of New York Mellon Corp increased its holdings in TETRA Technologies by 9.3% during the second 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 last quarter. Allspring Global Investments Holdings LLC bought a new stake in TETRA Technologies in the second quarter worth about $162,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in 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 worth $124,000 after acquiring an additional 7,784 shares during the period. Finally, Panagora Asset Management Inc. grew its position in shares of TETRA Technologies by 7.9% during the 2nd quarter. Panagora Asset Management Inc. now owns 871,388 shares of the oil and gas company’s stock valued at $3,015,000 after acquiring an additional 63,698 shares during the period. 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.