TETRA Technologies (NYSE:TTI) Earns “Buy” Rating from D. Boral Capital

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

TETRA Technologies Price Performance

NYSE TTI opened at $3.75 on Wednesday. TETRA Technologies has a fifty-two week low of $2.68 and a fifty-two week high of $5.12. The stock’s 50-day moving average is $4.00 and its two-hundred day moving average is $3.69. The firm has a market cap of $495.82 million, a P/E ratio of 187.34 and a beta of 2.04. 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 issued its quarterly earnings data 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. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. The business had revenue of $134.50 million for the quarter, compared to the consensus estimate of $138.96 million. On average, analysts anticipate that TETRA Technologies will post 0.15 earnings per share for the current fiscal year.

Institutional Trading of TETRA Technologies

Several large investors have recently modified their holdings of TTI. Dimensional Fund Advisors LP raised its holdings in 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 acquiring an additional 239,052 shares during the period. Geode Capital Management LLC grew its position in shares of TETRA Technologies by 0.5% in 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 last quarter. American Century Companies Inc. increased its stake in shares of TETRA Technologies by 36.3% in 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 during the period. WealthTrust Axiom LLC lifted its position in shares of TETRA Technologies by 4.0% during the 4th quarter. WealthTrust Axiom LLC now owns 1,697,050 shares of the oil and gas company’s stock worth $6,075,000 after purchasing an additional 64,824 shares during the last quarter. Finally, HITE Hedge Asset Management LLC boosted its stake in TETRA Technologies by 32.7% during the 4th 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 owned by institutional investors.

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.