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

TETRA Technologies (NYSE:TTI)‘s stock had its “buy” rating reiterated by analysts at D. Boral Capital in a note issued to investors on Tuesday,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 55.37% from the company’s previous close.

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

TETRA Technologies Stock Down 3.5 %

TETRA Technologies stock opened at $3.54 on Tuesday. The stock has a 50-day simple moving average of $3.60 and a 200-day simple moving average of $3.39. The company has a market capitalization of $466.61 million, a P/E ratio of 177.09 and a beta of 2.10. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.51 and a current ratio of 2.33. TETRA Technologies has a fifty-two week low of $2.68 and a fifty-two week high of $5.08.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Balboa Wealth Partners bought a new position in TETRA Technologies during the third quarter worth $33,000. Townsquare Capital LLC acquired a new position in shares of TETRA Technologies during the third quarter valued at $36,000. Point72 DIFC Ltd grew its holdings in TETRA Technologies by 82.0% in the 2nd quarter. Point72 DIFC Ltd now owns 13,241 shares of the oil and gas company’s stock worth $46,000 after buying an additional 5,966 shares in the last quarter. nVerses Capital LLC bought a new stake in TETRA Technologies during the 2nd quarter valued at $53,000. Finally, US Bancorp DE boosted its position in TETRA Technologies by 2,038.0% during the 3rd quarter. US Bancorp DE now owns 17,703 shares of the oil and gas company’s stock worth $55,000 after acquiring an additional 16,875 shares during the period. 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.