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

D. Boral Capital reaffirmed their buy rating on shares of TETRA Technologies (NYSE:TTI - Free Report) in a report released on Wednesday morning,Benzinga reports. They currently have a $5.50 price objective on the oil and gas company's stock.

TTI has been the topic of a number of other reports. StockNews.com raised 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 upgraded TETRA Technologies to a "strong-buy" rating in a report on Monday, October 21st. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $6.50.

TETRA Technologies Stock Performance

Shares of TTI stock traded down $0.02 during trading on Wednesday, reaching $3.85. 893,718 shares of the company's stock traded hands, compared to its average volume of 785,044. The company has a market capitalization of $507.47 million, a P/E ratio of 192.60 and a beta of 2.06. The firm's 50-day moving average is $3.71 and its 200 day moving average is $3.41. TETRA Technologies has a 1 year low of $2.68 and a 1 year high of $5.08. 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 (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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.03. The company had revenue of $141.70 million for the quarter, compared to the consensus estimate of $156.43 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. The firm's revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.07 earnings per share. Equities research analysts expect that TETRA Technologies will post 0.15 EPS for the current year.

Institutional Investors Weigh In On TETRA Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. HITE Hedge Asset Management LLC bought a new stake in shares of TETRA Technologies in the second quarter worth about $4,368,000. Jacobs Levy Equity Management Inc. bought a new stake in TETRA Technologies in the 3rd quarter worth approximately $2,546,000. Masters Capital Management LLC raised its holdings in shares of TETRA Technologies by 70.0% during the 2nd quarter. Masters Capital Management LLC now owns 1,700,000 shares of the oil and gas company's stock worth $5,882,000 after acquiring an additional 700,000 shares in the last quarter. American Century Companies Inc. boosted its position in shares of TETRA Technologies by 153.8% during 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 acquiring an additional 535,413 shares during the last quarter. Finally, Stanley Laman Group Ltd. boosted its position in shares of TETRA Technologies by 57.9% during the 3rd quarter. Stanley Laman Group Ltd. now owns 1,401,932 shares of the oil and gas company's stock valued at $4,346,000 after acquiring an additional 514,054 shares during the last quarter. 70.19% of the stock is owned by 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.