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

TETRA Technologies (NYSE:TTI) released its earnings results on Tuesday. The oil and gas company reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03, Briefing.com reports. The company had revenue of $141.70 million during the quarter, compared to analysts’ expectations of $156.43 million. TETRA Technologies had a return on equity of 18.84% and a net margin of 1.61%. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.07 EPS.

TETRA Technologies Trading Up 22.7 %

TETRA Technologies stock opened at $3.62 on Thursday. TETRA Technologies has a 12 month low of $2.68 and a 12 month high of $5.12. The company has a market capitalization of $475.85 million, a price-to-earnings ratio of 45.26 and a beta of 2.04. The business’s fifty day simple moving average is $3.12 and its two-hundred day simple moving average is $3.47. The company has a current ratio of 2.41, a quick ratio of 1.72 and a debt-to-equity ratio of 1.17.

Analyst Ratings Changes

Several brokerages have commented on TTI. EF Hutton Acquisition Co. I raised TETRA Technologies to a “strong-buy” rating in a research report on Monday, October 21st. StockNews.com raised shares of TETRA Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price 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.