D. Boral Capital Issues Positive Forecast for Tetra Technologies (NYSE:TTI) Stock Price

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 upped by equities researchers at D. Boral Capital from $4.00 to $5.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the oil and gas company's stock. D. Boral Capital's target price would suggest a potential upside of 29.20% from the company's current price.

A number of other research analysts have also recently issued reports on TTI. Stifel Nicolaus lowered their price objective on Tetra Technologies from $6.50 to $6.00 and set a "buy" rating for the company in a research note on Wednesday, July 16th. Wall Street Zen lowered Tetra Technologies from a "buy" rating to a "hold" rating in a report on Saturday, July 26th.

Tetra Technologies Stock Down 5.6%

Shares of TTI traded down $0.23 on Thursday, reaching $3.87. The stock had a trading volume of 2,761,436 shares, compared to its average volume of 1,540,036. The firm has a market capitalization of $515.79 million, a price-to-earnings ratio of 4.50 and a beta of 1.37. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.61 and a current ratio of 2.47. The company has a 50-day simple moving average of $3.39 and a 200-day simple moving average of $3.42. Tetra Technologies has a 12-month low of $2.03 and a 12-month high of $5.12.

Tetra Technologies (NYSE:TTI - Get Free Report) last released its earnings results on Tuesday, July 29th. The oil and gas company reported $0.09 EPS for the quarter, meeting analysts' consensus estimates of $0.09. The company had revenue of $173.87 million during the quarter, compared to analysts' expectations of $172.46 million. Tetra Technologies had a return on equity of 14.10% and a net margin of 18.95%. Sell-side analysts predict that Tetra Technologies will post 0.15 EPS for the current year.

Institutional Investors Weigh In On Tetra Technologies

Hedge funds have recently made changes to their positions in the company. Brightline Capital Management LLC purchased a new stake in Tetra Technologies during the first quarter valued at approximately $8,921,000. American Century Companies Inc. grew its stake in shares of Tetra Technologies by 49.9% during the first quarter. American Century Companies Inc. now owns 2,599,446 shares of the oil and gas company's stock valued at $8,734,000 after buying an additional 864,793 shares during the last quarter. Royce & Associates LP bought a new position in shares of Tetra Technologies during the first quarter valued at approximately $2,701,000. Icon Advisers Inc. Co. bought a new position in shares of Tetra Technologies during the fourth quarter valued at approximately $2,377,000. Finally, Stifel Financial Corp grew its stake in shares of Tetra Technologies by 224.8% during the fourth quarter. Stifel Financial Corp now owns 702,895 shares of the oil and gas company's stock valued at $2,516,000 after buying an additional 486,456 shares during the last quarter. 70.19% of the stock is currently owned by hedge funds and other 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.