Stifel Nicolaus Raises Tetra Technologies (NYSE:TTI) Price Target to $6.50

Key Points

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Tetra Technologies (NYSE:TTI - Free Report) had its price target boosted by Stifel Nicolaus from $6.00 to $6.50 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the oil and gas company's stock.

Several other research firms also recently issued reports on TTI. Wall Street Zen downgraded shares of Tetra Technologies from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. D. Boral Capital upped their price objective on shares of Tetra Technologies from $4.00 to $5.00 and gave the stock a "buy" rating in a report on Thursday.

Tetra Technologies Stock Performance

Shares of NYSE TTI traded up $0.02 during trading hours on Thursday, hitting $3.88. 150,927 shares of the stock were exchanged, compared to its average volume of 1,457,297. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.47 and a quick ratio of 1.61. The company's 50 day moving average is $3.39 and its 200 day moving average is $3.40. The firm has a market capitalization of $516.46 million, a P/E ratio of 4.51 and a beta of 1.33. Tetra Technologies has a one year low of $2.03 and a one year high of $5.12.

Tetra Technologies (NYSE:TTI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. The business had revenue of $173.87 million during the quarter, compared to the consensus estimate of $172.46 million. Tetra Technologies had a net margin of 18.95% and a return on equity of 14.10%. On average, research analysts expect that Tetra Technologies will post 0.15 EPS for the current year.

Institutional Trading of Tetra Technologies

Hedge funds have recently bought and sold shares of the stock. Diversified Trust Co boosted its holdings in Tetra Technologies by 10.3% in the 1st quarter. Diversified Trust Co now owns 43,565 shares of the oil and gas company's stock valued at $146,000 after purchasing an additional 4,058 shares during the period. Rhumbline Advisers boosted its holdings in Tetra Technologies by 4.3% in the 1st quarter. Rhumbline Advisers now owns 216,479 shares of the oil and gas company's stock valued at $727,000 after purchasing an additional 8,857 shares during the period. Norges Bank bought a new stake in Tetra Technologies in the 4th quarter valued at $812,000. Price T Rowe Associates Inc. MD boosted its holdings in Tetra Technologies by 6.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 142,394 shares of the oil and gas company's stock valued at $510,000 after purchasing an additional 8,323 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in Tetra Technologies by 17.1% in the 4th quarter. Wells Fargo & Company MN now owns 133,664 shares of the oil and gas company's stock valued at $479,000 after purchasing an additional 19,528 shares during the period. 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.