D. Boral Capital Issues Pessimistic Forecast for TETRA Technologies (NYSE:TTI) Stock Price

TETRA Technologies (NYSE:TTI - Free Report) had its price target reduced by D. Boral Capital from $5.50 to $4.00 in a research note released on Thursday,Benzinga reports. They currently have a buy rating on the oil and gas company's stock.

Separately, Stifel Nicolaus dropped their price target on shares of TETRA Technologies from $7.00 to $6.50 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $6.17.

TETRA Technologies Price Performance

Shares of NYSE TTI traded up $0.01 during midday trading on Thursday, reaching $2.73. 445,733 shares of the company were exchanged, compared to its average volume of 1,219,111. TETRA Technologies has a one year low of $2.03 and a one year high of $5.12. The stock has a market cap of $363.82 million, a P/E ratio of 136.32 and a beta of 1.31. 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 50-day moving average price is $2.97 and its 200-day moving average price is $3.59.

TETRA Technologies (NYSE:TTI - Get Free Report) last issued its earnings results on Tuesday, April 29th. The oil and gas company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.03. The business had revenue of $157.14 million during the quarter, compared to analysts' expectations of $160.52 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. On average, sell-side analysts anticipate that TETRA Technologies will post 0.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TETRA Technologies

Institutional investors have recently modified their holdings of the company. KLCM Advisors Inc. bought a new position in TETRA Technologies during the fourth quarter worth $36,000. HighTower Advisors LLC bought a new stake in shares of TETRA Technologies in the 4th quarter worth approximately $39,000. Aquatic Capital Management LLC bought a new stake in TETRA Technologies in the 4th quarter valued at about $40,000. Cibc World Markets Corp bought a new position in TETRA Technologies in the 4th quarter worth approximately $42,000. Finally, M&T Bank Corp purchased a new position in shares of TETRA Technologies in the fourth quarter valued at $53,000. 70.19% of the stock is owned by 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.