TETRA Technologies (NYSE:TTI) Given "Buy" Rating at D. Boral Capital

D. Boral Capital reaffirmed their buy rating on shares of TETRA Technologies (NYSE:TTI - Free Report) in a research note issued to investors on Tuesday,Benzinga reports. D. Boral Capital currently has a $5.50 price target on the oil and gas company's stock.

Other equities analysts also recently issued research reports about the stock. EF Hutton Acquisition Co. I upgraded shares of TETRA Technologies to a "strong-buy" rating in a research note on Monday, October 21st. StockNews.com upgraded TETRA Technologies from a "sell" rating to a "hold" rating in a report on Wednesday, October 30th. One 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. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $6.50.

TETRA Technologies Trading Up 1.9 %

Shares of NYSE:TTI traded up $0.07 during mid-day trading on Tuesday, reaching $3.67. 697,288 shares of the company were exchanged, compared to its average volume of 1,282,759. TETRA Technologies has a 1 year low of $2.68 and a 1 year high of $5.08. 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 firm's 50-day simple moving average is $3.60 and its 200 day simple moving average is $3.38. The firm has a market cap of $483.74 million, a price-to-earnings ratio of 183.50 and a beta of 2.10.

TETRA Technologies (NYSE:TTI - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $141.70 million during the quarter, compared to analysts' expectations of $156.43 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. The company's revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.07 earnings per share. Equities research analysts forecast that TETRA Technologies will post 0.15 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. grew its stake in shares of TETRA Technologies by 153.8% in the 2nd quarter. American Century Companies Inc. now owns 883,431 shares of the oil and gas company's stock valued at $3,057,000 after purchasing an additional 535,413 shares during the last quarter. Walleye Capital LLC purchased a new position in TETRA Technologies during the 3rd quarter worth $418,000. Stanley Laman Group Ltd. lifted its stake in shares of TETRA Technologies by 57.9% in the 3rd quarter. Stanley Laman Group Ltd. now owns 1,401,932 shares of the oil and gas company's stock worth $4,346,000 after acquiring an additional 514,054 shares during the period. HITE Hedge Asset Management LLC purchased a new position in TETRA Technologies during the second quarter worth about $4,368,000. Finally, Pullen Investment Management LLC acquired a new stake in TETRA Technologies in the third quarter valued at about $766,000. 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.