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

TETRA Technologies (NYSE:TTI)‘s stock had its “buy” rating reaffirmed by investment analysts at D. Boral Capital in a research note issued to investors on Thursday,Benzinga reports. They currently have a $5.50 price objective on the oil and gas company’s stock. D. Boral Capital’s price target indicates a potential upside of 40.85% from the company’s current price.

Separately, StockNews.com raised TETRA Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th.

TETRA Technologies Stock Down 0.6 %

Shares of TTI stock traded down $0.03 during trading hours on Thursday, reaching $3.91. 261,396 shares of the company’s stock were exchanged, compared to its average volume of 1,154,833. The stock has a market cap of $514.72 million, a PE ratio of 195.85 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 stock’s fifty day moving average price is $4.16 and its two-hundred day moving average price is $3.64. TETRA Technologies has a 1 year low of $2.68 and a 1 year high of $5.12.

TETRA Technologies (NYSE:TTI) last issued its earnings results on Tuesday, February 25th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. The company had revenue of $134.50 million during the quarter, compared to analyst estimates of $138.96 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. Research analysts predict that TETRA Technologies will post 0.15 EPS for the current year.

Institutional Investors Weigh In On TETRA Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of TTI. Dimensional Fund Advisors LP raised its holdings in shares of TETRA Technologies by 7.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,259,133 shares of the oil and gas company’s stock worth $11,667,000 after purchasing an additional 239,052 shares during the period. Geode Capital Management LLC raised its stake in shares of TETRA Technologies by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 2,741,804 shares of the oil and gas company’s stock valued at $9,818,000 after purchasing an additional 13,769 shares during the period. American Century Companies Inc. lifted its position in shares of TETRA Technologies by 36.3% during the fourth quarter. American Century Companies Inc. now owns 1,734,653 shares of the oil and gas company’s stock worth $6,210,000 after purchasing an additional 462,213 shares in the last quarter. WealthTrust Axiom LLC boosted its stake in shares of TETRA Technologies by 4.0% in the fourth quarter. WealthTrust Axiom LLC now owns 1,697,050 shares of the oil and gas company’s stock valued at $6,075,000 after purchasing an additional 64,824 shares during the period. Finally, HITE Hedge Asset Management LLC boosted its stake in shares of TETRA Technologies by 32.7% in the fourth quarter. HITE Hedge Asset Management LLC now owns 1,681,509 shares of the oil and gas company’s stock valued at $6,020,000 after purchasing an additional 414,640 shares during the period. 70.19% of the stock is currently owned by institutional investors and hedge funds.

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.