Tetra Technologies (NYSE:TTI) Price Target Raised to $5.00

Key Points

• The price target for Tetra Technologies (NYSE:TTI) was raised from $4.00 to $5.00 by D. Boral Capital, indicating a potential upside of 26.90% from the current price.
• Despite the optimistic outlook from D. Boral, Stifel Nicolaus reduced its price target from $6.50 to $6.00, and Wall Street Zen downgraded the stock from a "buy" to a "hold" rating.
• Tetra reported earnings of $0.09 per share for the last quarter, meeting analysts' consensus estimates, with revenue slightly exceeding expectations at $173.87 million.

Tetra Technologies (NYSE:TTI - Get Free Report) had its price target raised by D. Boral Capital from $4.00 to $5.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the oil and gas company's stock. D. Boral Capital's target price suggests a potential upside of 26.10% from the company's previous close.

A number of other research firms have also commented on TTI. Stifel Nicolaus lowered their price objective on shares of Tetra Technologies from $6.50 to $6.00 and set a "buy" rating on the stock in a research note on Wednesday, July 16th. Wall Street Zen cut shares of Tetra Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th.

Tetra Technologies Trading Up 2.7%

NYSE TTI traded up $0.11 on Thursday, reaching $3.97. 1,039,297 shares of the company were exchanged, compared to its average volume of 1,463,825. The stock has a market capitalization of $528.46 million, a P/E ratio of 4.61 and a beta of 1.33. The company has a current ratio of 2.47, a quick ratio of 1.61 and a debt-to-equity ratio of 0.62. Tetra Technologies has a fifty-two week low of $2.03 and a fifty-two week high of $5.12. The business's fifty day moving average price is $3.39 and its 200 day moving average price is $3.40.

Tetra Technologies (NYSE:TTI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The oil and gas company reported $0.09 EPS for the quarter, meeting analysts' consensus estimates of $0.09. The firm 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%. Analysts forecast that Tetra Technologies will post 0.15 earnings per share for the current year.

Institutional Trading of Tetra Technologies

A number of institutional investors and hedge funds have recently modified their holdings of TTI. Brightline Capital Management LLC acquired a new stake in shares of Tetra Technologies in the first quarter valued at about $8,921,000. American Century Companies Inc. boosted its stake in shares of Tetra Technologies by 49.9% during the 1st quarter. American Century Companies Inc. now owns 2,599,446 shares of the oil and gas company's stock worth $8,734,000 after purchasing an additional 864,793 shares during the last quarter. Royce & Associates LP purchased a new stake in shares of Tetra Technologies during the 1st quarter worth about $2,701,000. Icon Advisers Inc. Co. purchased a new stake in shares of Tetra Technologies during the fourth quarter worth about $2,377,000. Finally, Stifel Financial Corp raised its position in shares of Tetra Technologies by 224.8% during the 4th quarter. Stifel Financial Corp now owns 702,895 shares of the oil and gas company's stock worth $2,516,000 after purchasing an additional 486,456 shares during the period. Institutional investors own 70.19% of the company's stock.

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.