TETRA Technologies (NYSE:TTI) Receives “Buy” Rating from Benchmark

TETRA Technologies (NYSE:TTI)‘s stock had its “buy” rating restated by equities research analysts at Benchmark in a report issued on Tuesday, Benzinga reports. They currently have a $8.00 price objective on the oil and gas company’s stock. Benchmark’s price target points to a potential upside of 101.51% from the company’s current price.

Separately, Northland Securities began coverage on TETRA Technologies in a report on Tuesday, February 20th. They set an “outperform” rating and a $6.00 price objective for the company. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $7.00.

TETRA Technologies Stock Up 2.1 %

Shares of NYSE TTI opened at $3.97 on Tuesday. The stock has a market cap of $520.62 million, a PE ratio of 24.81 and a beta of 2.21. The business has a fifty day moving average of $4.33 and a two-hundred day moving average of $4.41. TETRA Technologies has a 52-week low of $2.56 and a 52-week high of $6.77. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.64 and a current ratio of 2.44.

TETRA Technologies (NYSE:TTI) last issued its quarterly earnings data on Tuesday, February 27th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. The company had revenue of $153.13 million during the quarter, compared to analysts’ expectations of $144.76 million. TETRA Technologies had a return on equity of 25.42% and a net margin of 3.27%. As a group, equities research analysts expect that TETRA Technologies will post 0.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. raised its holdings in shares of TETRA Technologies by 15.4% in the first quarter. Principal Financial Group Inc. now owns 16,854 shares of the oil and gas company’s stock valued at $75,000 after buying an additional 2,251 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of TETRA Technologies by 6.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,973 shares of the oil and gas company’s stock valued at $293,000 after buying an additional 2,644 shares during the last quarter. Swiss National Bank raised its holdings in shares of TETRA Technologies by 1.0% in the third quarter. Swiss National Bank now owns 270,300 shares of the oil and gas company’s stock valued at $1,725,000 after buying an additional 2,700 shares during the last quarter. Spouting Rock Asset Management LLC raised its holdings in shares of TETRA Technologies by 10.3% in the fourth quarter. Spouting Rock Asset Management LLC now owns 30,943 shares of the oil and gas company’s stock valued at $140,000 after buying an additional 2,897 shares during the last quarter. Finally, Byrne Asset Management LLC raised its holdings in shares of TETRA Technologies by 36.7% in the fourth quarter. Byrne Asset Management LLC now owns 13,400 shares of the oil and gas company’s stock valued at $63,000 after buying an additional 3,600 shares during the last quarter. 70.19% of the stock is owned by 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.