D. Boral Capital Reaffirms “Buy” Rating for TETRA Technologies (NYSE:TTI)

TETRA Technologies (NYSE:TTI)‘s stock had its “buy” rating reaffirmed by equities research analysts at D. Boral Capital in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $5.50 price objective on the oil and gas company’s stock. D. Boral Capital’s price objective would indicate a potential upside of 41.39% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. EF Hutton Acquisition Co. I upgraded shares of TETRA Technologies to a “strong-buy” rating in a research report on Monday, October 21st. StockNews.com raised 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 issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, TETRA Technologies has a consensus rating of “Buy” and an average target price of $6.50.

TETRA Technologies Stock Performance

Shares of NYSE TTI opened at $3.89 on Wednesday. TETRA Technologies has a 52-week low of $2.68 and a 52-week high of $5.08. The stock has a market capitalization of $512.74 million, a price-to-earnings ratio of 194.60 and a beta of 2.06. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 1.16. The stock’s fifty day simple moving average is $3.71 and its 200 day simple moving average is $3.41.

TETRA Technologies (NYSE:TTI) last posted its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. The firm 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 company earned $0.07 EPS. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. As a group, sell-side analysts forecast that TETRA Technologies will post 0.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds 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 valued at $33,000. Townsquare Capital LLC purchased a new stake in shares of TETRA Technologies during the third quarter worth $36,000. Point72 DIFC Ltd boosted its position in TETRA Technologies by 82.0% during the second quarter. Point72 DIFC Ltd now owns 13,241 shares of the oil and gas company’s stock valued at $46,000 after purchasing an additional 5,966 shares during the last quarter. US Bancorp DE boosted its position in TETRA Technologies by 2,038.0% during the third quarter. US Bancorp DE now owns 17,703 shares of the oil and gas company’s stock valued at $55,000 after purchasing an additional 16,875 shares during the last quarter. Finally, FMR LLC grew its stake in TETRA Technologies by 75.0% in the third 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 in the last quarter. 70.19% of the stock is owned by hedge funds and other institutional investors.

About TETRA Technologies

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.