TETRA Technologies' (TTI) "Buy" Rating Reiterated at D. Boral Capital

D. Boral Capital reissued their buy rating on shares of TETRA Technologies (NYSE:TTI - Free Report) in a report released on Thursday,Benzinga reports. The brokerage currently has a $5.50 price target on the oil and gas company's stock.

Separately, StockNews.com upgraded TETRA Technologies from a "sell" rating to a "hold" rating in a research report on Wednesday, October 30th.

TETRA Technologies Trading Down 5.3 %

NYSE:TTI traded down $0.20 during mid-day trading on Thursday, hitting $3.59. 1,498,621 shares of the company's stock were exchanged, compared to its average volume of 1,184,549. TETRA Technologies has a fifty-two week low of $2.68 and a fifty-two week high of $5.12. The company has a current ratio of 2.33, a quick ratio of 1.51 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $475.29 million, a P/E ratio of 179.59 and a beta of 2.04. The company has a 50 day simple moving average of $4.17 and a 200-day simple moving average of $3.65.

TETRA Technologies (NYSE:TTI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported $0.03 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 company had revenue of $134.50 million for the quarter, compared to analyst estimates of $138.96 million. As a group, research analysts expect that TETRA Technologies will post 0.15 earnings per share for the current year.

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Hedge Funds Weigh In On TETRA Technologies

Hedge funds have recently bought and sold shares of the company. Balboa Wealth Partners bought a new stake in TETRA Technologies during the third quarter valued at $33,000. Townsquare Capital LLC acquired a new position in shares of TETRA Technologies in the 3rd quarter valued at about $36,000. KLCM Advisors Inc. bought a new stake in shares of TETRA Technologies during the 4th quarter valued at about $36,000. HighTower Advisors LLC acquired a new stake in TETRA Technologies during the fourth quarter worth approximately $39,000. Finally, Aquatic Capital Management LLC acquired a new stake in TETRA Technologies during the fourth quarter worth approximately $40,000. Institutional investors 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.