TETRA Technologies’ (TTI) “Buy” Rating Reiterated at D. Boral Capital

D. Boral Capital restated their buy rating on shares of TETRA Technologies (NYSE:TTI) in a research note published on Wednesday,Benzinga reports. They currently have a $5.50 price objective on the oil and gas company’s stock.

TETRA Technologies Price Performance

TTI stock opened at $3.61 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 $477.28 million, a price-to-earnings ratio of 180.34 and a beta of 2.04. The firm has a 50 day moving average price of $3.98 and a 200-day moving average price of $3.69.

TETRA Technologies (NYSE:TTI) last released its 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. The firm had revenue of $134.50 million for 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%. Equities research analysts forecast that TETRA Technologies will post 0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On TETRA Technologies

A number of institutional investors have recently made changes to their positions in the company. Townsquare Capital LLC purchased a new position in TETRA Technologies in the 3rd quarter worth approximately $36,000. KLCM Advisors Inc. purchased a new position in shares of TETRA Technologies in the fourth quarter worth $36,000. HighTower Advisors LLC purchased a new position in shares of TETRA Technologies in the fourth quarter worth $39,000. Aquatic Capital Management LLC bought a new position in shares of TETRA Technologies during the fourth quarter valued at $40,000. Finally, Cibc World Markets Corp purchased a new stake in shares of TETRA Technologies during the fourth quarter valued at $42,000. Hedge funds and other institutional investors own 70.19% of the company’s stock.

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.