TETRA Technologies (NYSE:TTI) Posts Quarterly Earnings Results, Meets Estimates

TETRA Technologies (NYSE:TTI) issued its earnings results on Thursday. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.02), RTT News reports. TETRA Technologies had a negative net margin of 1.88% and a negative return on equity of 1.68%. The firm had revenue of $288.80 million during the quarter, compared to analysts’ expectations of $284.15 million. During the same quarter last year, the company posted $0.03 earnings per share. The firm’s revenue was up 11.0% compared to the same quarter last year.

TTI traded up $0.11 on Friday, reaching $1.71. 602,030 shares of the company’s stock were exchanged, compared to its average volume of 570,215. The firm has a market capitalization of $174.60 million, a PE ratio of -34.20 and a beta of 1.80. TETRA Technologies has a twelve month low of $1.25 and a twelve month high of $5.11. The business has a fifty day moving average price of $1.59. The company has a current ratio of 1.87, a quick ratio of 1.16 and a debt-to-equity ratio of 2.98.

TTI has been the subject of several recent research reports. Zacks Investment Research raised shares of TETRA Technologies from a “sell” rating to a “hold” rating in a report on Saturday. Stifel Nicolaus set a $4.00 price objective on shares of TETRA Technologies and gave the company a “buy” rating in a report on Friday, May 10th. Finally, ValuEngine raised shares of TETRA Technologies from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. TETRA Technologies has a consensus rating of “Buy” and a consensus target price of $5.60.

TETRA Technologies Company Profile

TETRA Technologies, Inc, together with its subsidiaries, operates as a diversified oil and gas services company. The company's Completion Fluids 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.

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Earnings History for TETRA Technologies (NYSE:TTI)

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