D. Boral Capital Reiterates Buy Rating for TETRA Technologies (NYSE:TTI)

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

Other equities research analysts also recently issued research reports about the company. EF Hutton Acquisition Co. I raised TETRA Technologies to a “strong-buy” rating in a report 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 assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $6.50.

TETRA Technologies Stock Down 0.5 %

Shares of TETRA Technologies stock opened at $3.85 on Wednesday. The firm has a market cap of $507.47 million, a PE ratio of 192.60 and a beta of 2.06. The business’s 50 day simple moving average is $3.71 and its 200 day simple moving average is $3.41. 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 52-week low of $2.68 and a 52-week high of $5.08.

TETRA Technologies (NYSE:TTI) last announced its quarterly earnings data on Tuesday, October 29th. 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 business had revenue of $141.70 million for the quarter, compared to analyst estimates of $156.43 million. During the same quarter in the previous year, the firm posted $0.07 earnings per share. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. On average, analysts predict that TETRA Technologies will post 0.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TETRA Technologies

A number of large investors have recently added to or reduced their stakes in TTI. Balboa Wealth Partners acquired a new stake in shares of TETRA Technologies during the 3rd quarter worth about $33,000. Townsquare Capital LLC acquired a new stake in shares of TETRA Technologies during the third quarter worth $36,000. Point72 DIFC Ltd grew its stake in shares of TETRA Technologies by 82.0% in the second quarter. Point72 DIFC Ltd now owns 13,241 shares of the oil and gas company’s stock valued at $46,000 after acquiring an additional 5,966 shares in the last quarter. US Bancorp DE raised its stake in TETRA Technologies by 2,038.0% in the 3rd quarter. US Bancorp DE now owns 17,703 shares of the oil and gas company’s stock worth $55,000 after purchasing an additional 16,875 shares in the last quarter. Finally, FMR LLC boosted its holdings in TETRA Technologies by 75.0% in the 3rd quarter. FMR LLC now owns 18,858 shares of the oil and gas company’s stock valued at $58,000 after purchasing an additional 8,084 shares during the period. 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.