TETRA Technologies (NYSE:TTI) Receives “Buy” Rating from Benchmark

TETRA Technologies (NYSE:TTI)‘s stock had its “buy” rating reissued by Benchmark in a note issued to investors on Tuesday, Benzinga reports. They presently have a $8.00 price objective on the oil and gas company’s stock. Benchmark’s price target suggests a potential upside of 107.25% from the stock’s current price.

Separately, Northland Securities started coverage on TETRA Technologies in a research note on Tuesday, February 20th. They issued an “outperform” rating and a $6.00 price target on the stock. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $7.00.

TETRA Technologies Stock Down 2.3 %

TTI stock opened at $3.86 on Tuesday. The company has a market cap of $506.20 million, a PE ratio of 24.13 and a beta of 2.21. The company has a quick ratio of 1.64, a current ratio of 2.44 and a debt-to-equity ratio of 1.23. TETRA Technologies has a 52 week low of $2.56 and a 52 week high of $6.77. The business has a 50-day simple moving average of $4.33 and a 200 day simple moving average of $4.43.

TETRA Technologies (NYSE:TTI) last issued its earnings results on Tuesday, February 27th. The oil and gas company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. The company had revenue of $153.13 million during the quarter, compared to analysts’ expectations of $144.76 million. TETRA Technologies had a net margin of 3.27% and a return on equity of 25.42%. Sell-side analysts anticipate that TETRA Technologies will post 0.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. D.A. Davidson & CO. acquired a new position in TETRA Technologies in the 3rd quarter worth about $4,416,000. Charles Schwab Investment Management Inc. raised its holdings in TETRA Technologies by 174.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 919,128 shares of the oil and gas company’s stock valued at $5,864,000 after buying an additional 583,854 shares during the last quarter. EAM Investors LLC acquired a new stake in TETRA Technologies during the 3rd quarter worth approximately $3,471,000. Algert Global LLC bought a new stake in TETRA Technologies during the 3rd quarter worth approximately $2,860,000. Finally, ClariVest Asset Management LLC acquired a new position in TETRA Technologies in the 3rd quarter valued at approximately $2,217,000. 70.19% of the stock is currently owned by institutional investors.

About TETRA Technologies

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.