TETRA Technologies (NYSE:TTI) Releases Quarterly Earnings Results, Hits Estimates

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

NYSE:TTI traded up $0.11 during midday trading on Friday, reaching $1.71. The company had a trading volume of 602,030 shares, compared to its average volume of 570,215. The firm has a market cap of $174.60 million, a price-to-earnings ratio of -34.20 and a beta of 1.80. The business’s fifty day simple moving average is $1.59. TETRA Technologies has a 12-month low of $1.25 and a 12-month high of $5.11. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.87 and a quick ratio of 1.16.

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

About TETRA Technologies

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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