TETRA Technologies (NYSE:TTI) Price Target Lowered to $6.50 at Stifel Nicolaus

TETRA Technologies (NYSE:TTI - Free Report) had its target price decreased by Stifel Nicolaus from $7.00 to $6.50 in a research note published on Tuesday, MarketBeat reports. Stifel Nicolaus currently has a buy rating on the oil and gas company's stock.

Separately, D. Boral Capital restated a "buy" rating and issued a $5.50 price target on shares of TETRA Technologies in a report on Wednesday, March 26th. One 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. Based on data from MarketBeat, TETRA Technologies has a consensus rating of "Buy" and a consensus target price of $6.67.

TETRA Technologies Price Performance

Shares of TTI traded up $0.09 during mid-day trading on Tuesday, hitting $2.49. The company's stock had a trading volume of 1,212,042 shares, compared to its average volume of 1,207,890. The firm has a 50-day simple moving average of $3.34 and a 200 day simple moving average of $3.64. TETRA Technologies has a 1-year low of $2.03 and a 1-year high of $5.12. The firm has a market capitalization of $329.00 million, a P/E ratio of 124.31 and a beta of 1.54. The company has a current ratio of 2.33, a quick ratio of 1.51 and a debt-to-equity ratio of 1.16.

TETRA Technologies (NYSE:TTI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported $0.03 earnings per share for the quarter, hitting analysts' consensus estimates of $0.03. The business had revenue of $134.50 million for the quarter, compared to analysts' expectations of $138.96 million. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. Analysts predict that TETRA Technologies will post 0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

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.