TETRA Technologies (TTI) Set to Announce Quarterly Earnings on Wednesday

TETRA Technologies (NYSE:TTI) will issue its quarterly earnings data after the market closes on Wednesday, July 31st. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

TETRA Technologies (NYSE:TTI) last posted its quarterly earnings results on Tuesday, April 30th. The oil and gas company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The firm had revenue of $150.97 million for the quarter, compared to analyst estimates of $151.87 million. TETRA Technologies had a return on equity of 25.42% and a net margin of 3.27%. On average, analysts expect TETRA Technologies to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

TETRA Technologies Stock Down 2.9 %

NYSE:TTI opened at $3.64 on Tuesday. The firm has a market capitalization of $477.35 million, a price-to-earnings ratio of 22.75 and a beta of 2.06. TETRA Technologies has a 1-year low of $3.11 and a 1-year high of $6.77. The company has a current ratio of 2.44, a quick ratio of 1.64 and a debt-to-equity ratio of 1.23. The business’s fifty day moving average price is $3.50 and its 200 day moving average price is $3.97.

Analyst Ratings Changes

Separately, Benchmark reaffirmed a “buy” rating and issued a $8.00 target price on shares of TETRA Technologies in a research report on Tuesday, May 7th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, TETRA Technologies currently has an average rating of “Moderate Buy” and an average price target of $7.00.

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.