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

D. Boral Capital reissued their buy rating on shares of TETRA Technologies (NYSE:TTI) in a report published on Tuesday,Benzinga reports. The firm currently has a $5.50 price target on the oil and gas company’s stock.

A number of other analysts have also commented on TTI. EF Hutton Acquisition Co. I raised TETRA Technologies to a “strong-buy” rating in a research note on Monday, October 21st. StockNews.com raised shares of TETRA Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, TETRA Technologies has a consensus rating of “Buy” and an average price target of $6.50.

TETRA Technologies Price Performance

TTI stock opened at $3.67 on Tuesday. The stock has a market capitalization of $483.74 million, a price-to-earnings ratio of 183.50 and a beta of 2.10. The firm’s 50-day moving average price is $3.60 and its two-hundred day moving average price is $3.38. 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 has a 12-month low of $2.68 and a 12-month high of $5.08.

TETRA Technologies (NYSE:TTI) last announced its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, meeting 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 $141.70 million for the quarter, compared to the consensus estimate of $156.43 million. During the same quarter in the previous year, the business earned $0.07 EPS. TETRA Technologies’s revenue was down 6.5% compared to the same quarter last year. As a group, equities analysts predict that TETRA Technologies will post 0.15 earnings per share for the current year.

Hedge Funds Weigh In On TETRA Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC increased its stake in shares of TETRA Technologies by 369.6% in the 3rd quarter. Barclays PLC now owns 209,873 shares of the oil and gas company’s stock worth $650,000 after acquiring an additional 165,184 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of TETRA Technologies by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,728,035 shares of the oil and gas company’s stock valued at $8,458,000 after purchasing an additional 17,802 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of TETRA Technologies during the third quarter valued at approximately $405,000. Stifel Financial Corp boosted its position in shares of TETRA Technologies by 703.0% in the 3rd quarter. Stifel Financial Corp now owns 216,439 shares of the oil and gas company’s stock worth $671,000 after purchasing an additional 189,484 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of TETRA Technologies in the 3rd quarter worth approximately $2,546,000. Hedge funds and other 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.