TETRA Technologies’ (TTI) Buy Rating Reiterated at Benchmark

Benchmark reaffirmed their buy rating on shares of TETRA Technologies (NYSE:TTI) in a research note released on Tuesday morning, Benzinga reports. Benchmark currently has a $8.00 price objective on the oil and gas company’s stock.

Separately, Northland Securities assumed coverage on shares of TETRA Technologies in a research report on Tuesday, February 20th. They set an outperform rating and a $6.00 price objective on the stock. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $7.00.

TETRA Technologies Stock Up 0.8 %

Shares of TTI stock opened at $3.89 on Tuesday. The company has a market capitalization of $510.13 million, a price-to-earnings ratio of 24.31 and a beta of 2.21. TETRA Technologies has a one year low of $2.56 and a one year high of $6.77. The company’s fifty day moving average price is $4.34 and its 200-day moving average price is $4.41. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.44 and a quick ratio of 1.64.

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

Hedge Funds Weigh In On TETRA Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Fortitude Family Office LLC purchased a new position in shares of TETRA Technologies during the 4th quarter worth about $26,000. Quantbot Technologies LP bought a new stake in TETRA Technologies during the 3rd quarter valued at about $33,000. PFG Investments LLC bought a new stake in TETRA Technologies during the 1st quarter valued at about $44,000. Byrne Asset Management LLC lifted its holdings in TETRA Technologies by 63.3% during the 3rd quarter. Byrne Asset Management LLC now owns 9,800 shares of the oil and gas company’s stock valued at $63,000 after buying an additional 3,800 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of TETRA Technologies by 15.4% in the 1st quarter. Principal Financial Group Inc. now owns 16,854 shares of the oil and gas company’s stock valued at $75,000 after purchasing an additional 2,251 shares in the last quarter. 70.19% of the stock is 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.