TETRA Technologies (NYSE:TTI) Given Buy Rating at D. Boral Capital

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

TETRA Technologies Trading Up 1.1 %

TETRA Technologies stock opened at $3.57 on Wednesday. TETRA Technologies has a 52 week low of $2.68 and a 52 week high of $5.12. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.51 and a current ratio of 2.33. The firm has a market capitalization of $472.65 million, a price-to-earnings ratio of 178.59 and a beta of 2.04. The company has a 50 day moving average price of $4.05 and a 200 day moving average price of $3.69.

TETRA Technologies (NYSE:TTI) last issued its earnings results on Tuesday, February 25th. The oil and gas company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. The business had revenue of $134.50 million during the quarter, compared to analysts’ expectations of $138.96 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. Research analysts forecast that TETRA Technologies will post 0.15 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Townsquare Capital LLC purchased a new position in shares of TETRA Technologies during the 3rd quarter valued at $36,000. KLCM Advisors Inc. acquired a new stake in TETRA Technologies during the fourth quarter valued at $36,000. HighTower Advisors LLC purchased a new position in TETRA Technologies in the fourth quarter valued at about $39,000. Aquatic Capital Management LLC acquired a new position in TETRA Technologies in the 4th quarter worth about $40,000. Finally, Cibc World Markets Corp acquired a new position in TETRA Technologies in the 4th quarter worth about $42,000. 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.