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

D. Boral Capital restated their buy rating on shares of TETRA Technologies (NYSE:TTI) in a research report sent to investors on Wednesday,Benzinga reports. D. Boral Capital currently has a $5.50 target price on the oil and gas company’s stock.

A number of other equities research analysts have also recently weighed in on TTI. StockNews.com raised TETRA Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. EF Hutton Acquisition Co. I upgraded shares of TETRA Technologies to a “strong-buy” rating in a research report on Monday, October 21st. One investment 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $6.50.

TETRA Technologies Trading Down 0.5 %

Shares of TETRA Technologies stock opened at $3.85 on Wednesday. TETRA Technologies has a 52-week low of $2.68 and a 52-week high of $5.08. The firm has a market capitalization of $507.47 million, a PE ratio of 192.60 and a beta of 2.06. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.33 and a quick ratio of 1.51. The company’s fifty day moving average price is $3.71 and its two-hundred day moving average price is $3.41.

TETRA Technologies (NYSE:TTI) last posted its earnings results on Tuesday, October 29th. 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 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 analysts’ expectations of $156.43 million. During the same quarter in the previous year, the firm posted $0.07 earnings per share. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. On average, analysts expect that TETRA Technologies will post 0.15 EPS for the current year.

Institutional Investors Weigh In On TETRA Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew 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 valued at $1,714,000 after purchasing an additional 42,206 shares during the period. American Century Companies Inc. raised its position in shares of TETRA Technologies by 153.8% during the second quarter. American Century Companies Inc. now owns 883,431 shares of the oil and gas company’s stock worth $3,057,000 after purchasing an additional 535,413 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of TETRA Technologies by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,129,181 shares of the oil and gas company’s stock valued at $10,827,000 after purchasing an additional 96,898 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of TETRA Technologies in the 2nd quarter valued at approximately $176,000. Finally, Inspire Investing LLC increased its stake in TETRA Technologies by 29.1% during the 2nd quarter. Inspire Investing LLC now owns 103,082 shares of the oil and gas company’s stock worth $357,000 after purchasing an additional 23,227 shares in the last quarter. Institutional investors 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.