TETRA Technologies (NYSE:TTI) Issues Earnings Results

TETRA Technologies (NYSE:TTI) posted its quarterly earnings results on Tuesday. The oil and gas company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03, Zacks reports. The company had revenue of $134.50 million during the quarter, compared to analysts’ expectations of $138.96 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%.

TETRA Technologies Trading Down 0.1 %

Shares of NYSE TTI traded down $0.01 during midday trading on Thursday, hitting $3.93. The stock had a trading volume of 238,621 shares, compared to its average volume of 1,154,426. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 1.16. TETRA Technologies has a 1-year low of $2.68 and a 1-year high of $5.12. The company has a market capitalization of $517.35 million, a price-to-earnings ratio of 196.35 and a beta of 2.04. The company has a fifty day moving average price of $4.16 and a 200 day moving average price of $3.64.

Analyst Ratings Changes

TTI has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of TETRA Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. D. Boral Capital reiterated a “buy” rating and issued a $5.50 price target on shares of TETRA Technologies in a report on Wednesday, January 8th.

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.