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

D. Boral Capital reaffirmed their buy rating on shares of TETRA Technologies (NYSE:TTI) in a research note published on Thursday,Benzinga reports. They currently have a $5.50 target price 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 note on Wednesday, October 30th.

TETRA Technologies Price Performance

Shares of NYSE TTI opened at $3.83 on Thursday. The business has a 50-day simple moving average of $4.17 and a two-hundred day simple moving average of $3.64. The company has a market cap of $504.17 million, a PE ratio of 191.35 and a beta of 2.04. 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 fifty-two week low of $2.68 and a fifty-two week high of $5.12.

TETRA Technologies (NYSE:TTI) 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 return on equity of 14.53% and a net margin of 0.27%. The company had revenue of $134.50 million during the quarter, compared to analysts’ expectations of $138.96 million. As a group, equities analysts expect that TETRA Technologies will post 0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Balboa Wealth Partners purchased a new stake in TETRA Technologies during the 3rd quarter worth approximately $33,000. Townsquare Capital LLC acquired a new position in TETRA Technologies in the 3rd quarter valued at about $36,000. KLCM Advisors Inc. purchased a new position in TETRA Technologies in the fourth quarter worth approximately $36,000. HighTower Advisors LLC purchased a new position in shares of TETRA Technologies during the 4th quarter worth $39,000. Finally, Aquatic Capital Management LLC purchased a new position in TETRA Technologies during the fourth quarter worth about $40,000. 70.19% of the stock is owned by institutional investors and hedge funds.

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.