TETRA Technologies (NYSE:TTI) Receives Buy Rating from D. Boral Capital

TETRA Technologies (NYSE:TTI)‘s stock had its “buy” rating reissued by analysts at D. Boral Capital in a report issued on Wednesday,Benzinga reports. They currently have a $5.50 price target on the oil and gas company’s stock. D. Boral Capital’s target price points to a potential upside of 54.06% from the stock’s previous close.

TETRA Technologies Trading Up 1.1 %

TETRA Technologies stock opened at $3.57 on Wednesday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.51 and a current ratio of 2.33. TETRA Technologies has a 1 year low of $2.68 and a 1 year high of $5.12. The firm’s 50-day moving average is $4.05 and its 200-day moving average is $3.69. The company has a market cap of $472.65 million, a P/E ratio of 178.59 and a beta of 2.04.

TETRA Technologies (NYSE:TTI) last posted its earnings results on Tuesday, February 25th. The oil and gas company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. The company had revenue of $134.50 million during the quarter, compared to analyst estimates of $138.96 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. On average, equities analysts expect that TETRA Technologies will post 0.15 earnings per share for the current year.

Hedge Funds Weigh In On TETRA Technologies

Several institutional investors have recently modified their holdings of the company. Pullen Investment Management LLC boosted its stake in TETRA Technologies by 105.5% during the 4th quarter. Pullen Investment Management LLC now owns 507,650 shares of the oil and gas company’s stock valued at $1,817,000 after purchasing an additional 260,611 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in TETRA Technologies by 18.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 291,515 shares of the oil and gas company’s stock worth $1,044,000 after buying an additional 45,535 shares in the last quarter. Two Sigma Investments LP increased its position in TETRA Technologies by 51.2% in the 4th quarter. Two Sigma Investments LP now owns 187,072 shares of the oil and gas company’s stock valued at $670,000 after acquiring an additional 63,370 shares during the period. ProShare Advisors LLC increased its position in TETRA Technologies by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 35,357 shares of the oil and gas company’s stock valued at $127,000 after acquiring an additional 11,634 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in TETRA Technologies by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,839 shares of the oil and gas company’s stock valued at $257,000 after acquiring an additional 3,124 shares in the last quarter. Institutional investors 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.