TETRA Technologies (NYSE:TTI) Price Target Lowered to $6.50 at Stifel Nicolaus

TETRA Technologies (NYSE:TTI - Free Report) had its price target trimmed by Stifel Nicolaus from $7.00 to $6.50 in a report released on Tuesday, MarketBeat Ratings reports. The brokerage currently has a buy rating on the oil and gas company's stock.

Separately, D. Boral Capital reiterated a "buy" rating and set a $5.50 price objective on shares of TETRA Technologies in a research note on Wednesday, March 26th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $6.67.

TETRA Technologies Stock Up 3.5 %

Shares of TTI traded up $0.09 during mid-day trading on Tuesday, hitting $2.49. The company's stock had a trading volume of 1,212,042 shares, compared to its average volume of 1,207,289. The firm has a market capitalization of $329.00 million, a price-to-earnings ratio of 124.31 and a beta of 1.54. The company's 50-day moving average is $3.34 and its 200-day moving average is $3.64. The company has a current ratio of 2.33, a quick ratio of 1.51 and a debt-to-equity ratio of 1.16. TETRA Technologies has a 52-week low of $2.03 and a 52-week high of $5.12.

TETRA Technologies (NYSE:TTI - Get Free Report) last released its quarterly earnings results 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 net margin of 0.27% and a return on equity of 14.53%. The business had revenue of $134.50 million for the quarter, compared to analysts' expectations of $138.96 million. On average, equities research analysts forecast that TETRA Technologies will post 0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Icon Advisers Inc. Co. purchased a new stake in shares of TETRA Technologies in the fourth quarter valued at about $2,377,000. Stifel Financial Corp boosted its position in shares of TETRA Technologies by 224.8% during the fourth quarter. Stifel Financial Corp now owns 702,895 shares of the oil and gas company's stock worth $2,516,000 after buying an additional 486,456 shares during the period. American Century Companies Inc. increased its stake in 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 during the period. HITE Hedge Asset Management LLC increased 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 worth $6,020,000 after buying an additional 414,640 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its position in shares of TETRA Technologies by 45.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,289,946 shares of the oil and gas company's stock worth $4,618,000 after acquiring an additional 403,086 shares during the period. 70.19% of the stock is owned by hedge funds and other 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.