TETRA Technologies (TTI) to Release Quarterly Earnings on Tuesday

TETRA Technologies (NYSE:TTI) is set to post its quarterly earnings results after the market closes on Tuesday, April 30th. Analysts expect TETRA Technologies to post earnings of $0.02 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

TETRA Technologies (NYSE:TTI) last issued its earnings results on Tuesday, February 27th. The oil and gas company reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03. The business had revenue of $153.13 million during the quarter, compared to analyst estimates of $144.76 million. TETRA Technologies had a return on equity of 25.28% and a net margin of 4.12%. On average, analysts expect TETRA Technologies to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

TETRA Technologies Stock Performance

Shares of NYSE TTI opened at $4.42 on Tuesday. The firm’s 50-day moving average price is $4.27 and its 200-day moving average price is $4.57. TETRA Technologies has a 52-week low of $2.56 and a 52-week high of $6.77. The company has a market cap of $579.64 million, a PE ratio of 22.10 and a beta of 2.20. The company has a quick ratio of 1.47, a current ratio of 2.24 and a debt-to-equity ratio of 1.07.

Analyst Ratings Changes

Separately, Northland Securities initiated coverage on shares of TETRA Technologies in a research report on Tuesday, February 20th. They issued an “outperform” rating and a $6.00 target price for the company. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $7.00.

About TETRA Technologies

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.