TETRA Technologies (NYSE:TTI) Rating Reiterated by Benchmark

TETRA Technologies (NYSE:TTI)‘s stock had its “buy” rating reiterated by research analysts at Benchmark in a research report issued on Tuesday, Benzinga reports. They presently have a $8.00 price target on the oil and gas company’s stock. Benchmark’s price objective suggests a potential upside of 101.51% from the company’s current price.

Separately, Northland Securities began coverage on shares of TETRA Technologies in a report on Tuesday, February 20th. They set an “outperform” rating and a $6.00 price target for the company. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $7.00.

TETRA Technologies Stock Performance

Shares of TTI opened at $3.97 on Tuesday. TETRA Technologies has a 1 year low of $2.56 and a 1 year high of $6.77. The company has a market cap of $520.62 million, a price-to-earnings ratio of 24.81 and a beta of 2.21. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.64 and a current ratio of 2.44. The firm has a fifty day moving average of $4.33 and a 200-day moving average of $4.41.

TETRA Technologies (NYSE:TTI) last announced its quarterly earnings results on Tuesday, February 27th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. TETRA Technologies had a net margin of 3.27% and a return on equity of 25.42%. The company had revenue of $153.13 million during the quarter, compared to the consensus estimate of $144.76 million. As a group, equities analysts anticipate that TETRA Technologies will post 0.27 earnings per share for the current year.

Institutional Investors Weigh In On TETRA Technologies

Several institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its holdings in TETRA Technologies by 15.4% in the first quarter. Principal Financial Group Inc. now owns 16,854 shares of the oil and gas company’s stock worth $75,000 after purchasing an additional 2,251 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in TETRA Technologies by 6.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,973 shares of the oil and gas company’s stock worth $293,000 after purchasing an additional 2,644 shares during the period. Swiss National Bank lifted its holdings in TETRA Technologies by 1.0% in the third quarter. Swiss National Bank now owns 270,300 shares of the oil and gas company’s stock worth $1,725,000 after purchasing an additional 2,700 shares during the period. Spouting Rock Asset Management LLC lifted its holdings in TETRA Technologies by 10.3% in the fourth quarter. Spouting Rock Asset Management LLC now owns 30,943 shares of the oil and gas company’s stock worth $140,000 after purchasing an additional 2,897 shares during the period. Finally, Byrne Asset Management LLC lifted its holdings in TETRA Technologies by 36.7% in the 4th quarter. Byrne Asset Management LLC now owns 13,400 shares of the oil and gas company’s stock valued at $63,000 after acquiring an additional 3,600 shares during the last quarter. Institutional investors and hedge funds 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.