Tetra Technologies initiated with an Outperform at Northland

Northland initiated coverage of Tetra Technologies with an Outperform rating and $6 price target. The firm believes Tetra is poised to benefit from increasing offshore drilling activity, increasing Permian production, and elevating regulations and public scrutiny on produced water, leading it to see revenues and EBITDA compounding annually at 12% and 27% over the next six years, respectively.