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 - Free Report) in a report released on Wednesday,Benzinga reports. The brokerage currently has a $5.50 price target on the oil and gas company's stock.

TETRA Technologies Stock Down 3.9 %

NYSE TTI traded down $0.15 during trading on Wednesday, reaching $3.61. 1,322,215 shares of the company's stock traded hands, compared to its average volume of 1,180,260. The company's 50 day simple moving average is $3.98 and its two-hundred day simple moving average is $3.70. TETRA Technologies has a 12-month low of $2.68 and a 12-month high of $5.12. The firm has a market cap of $477.28 million, a price-to-earnings ratio of 180.34 and a beta of 2.04. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.33 and a quick ratio of 1.51.

TETRA Technologies (NYSE:TTI - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $138.96 million. As a group, sell-side analysts forecast that TETRA Technologies will post 0.15 EPS for the current fiscal year.

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Institutional Trading of TETRA Technologies

Several hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in shares of TETRA Technologies by 233.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 510,705 shares of the oil and gas company's stock worth $1,583,000 after buying an additional 357,455 shares during the last quarter. Walleye Capital LLC purchased a new position in TETRA Technologies in the third quarter worth $418,000. Barclays PLC increased its position in shares of TETRA Technologies by 369.6% during the third quarter. Barclays PLC now owns 209,873 shares of the oil and gas company's stock worth $650,000 after purchasing an additional 165,184 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of TETRA Technologies by 9.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,086,670 shares of the oil and gas company's stock worth $3,890,000 after purchasing an additional 92,493 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of TETRA Technologies during the 3rd quarter valued at $2,546,000. 70.19% of the stock is owned by hedge funds and other institutional investors.

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.