TETRA Technologies (NYSE:TTI) Given New $6.50 Price Target at Stifel Nicolaus

TETRA Technologies (NYSE:TTI) had its price target dropped by equities research analysts at Stifel Nicolaus from $7.00 to $6.50 in a report issued on Tuesday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the oil and gas company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 170.83% from the stock’s previous close.

Separately, D. Boral Capital reaffirmed a “buy” rating and set a $5.50 price objective on shares of TETRA Technologies in a report on Wednesday, March 26th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $6.67.

TETRA Technologies Price Performance

Shares of NYSE TTI opened at $2.40 on Tuesday. The stock has a market cap of $317.75 million, a price-to-earnings ratio of 120.06 and a beta of 1.54. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.51 and a current ratio of 2.33. TETRA Technologies has a fifty-two week low of $2.03 and a fifty-two week high of $5.12. The firm’s 50-day simple moving average is $3.42 and its 200 day simple moving average is $3.65.

TETRA Technologies (NYSE:TTI) last posted its earnings results on Tuesday, February 25th. The oil and gas company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. The company had revenue of $134.50 million for the quarter, compared to analyst estimates of $138.96 million. As a group, research analysts anticipate that TETRA Technologies will post 0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TETRA Technologies

Several institutional investors have recently modified their holdings of TTI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in TETRA Technologies by 4.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,839 shares of the oil and gas company’s stock worth $257,000 after acquiring an additional 3,124 shares during the period. Byrne Asset Management LLC increased its position in shares of TETRA Technologies by 67.9% during the 1st quarter. Byrne Asset Management LLC now owns 15,277 shares of the oil and gas company’s stock valued at $51,000 after purchasing an additional 6,177 shares during the last quarter. Stoneridge Investment Partners LLC raised its stake in shares of TETRA Technologies by 23.1% during the 4th quarter. Stoneridge Investment Partners LLC now owns 35,674 shares of the oil and gas company’s stock worth $128,000 after purchasing an additional 6,684 shares during the period. FMR LLC boosted its holdings in shares of TETRA Technologies by 75.0% in the 3rd quarter. FMR LLC now owns 18,858 shares of the oil and gas company’s stock worth $58,000 after buying an additional 8,084 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in TETRA Technologies by 6.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 142,394 shares of the oil and gas company’s stock valued at $510,000 after buying an additional 8,323 shares during the period. 70.19% of the stock is 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.