Wall Street brokerages expect TETRA Technologies, Inc. (NYSE:TTI) to announce sales of $219.80 million for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for TETRA Technologies’ earnings. The highest sales estimate is $239.00 million and the lowest is $207.15 million. TETRA Technologies posted sales of $173.22 million during the same quarter last year, which suggests a positive year over year growth rate of 26.9%. The company is scheduled to issue its next quarterly earnings results before the market opens on Wednesday, February 28th.
On average, analysts expect that TETRA Technologies will report full-year sales of $219.80 million for the current financial year, with estimates ranging from $801.03 million to $831.70 million. For the next fiscal year, analysts forecast that the business will report sales of $970.41 million per share, with estimates ranging from $945.02 million to $1.04 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover TETRA Technologies.
Several equities research analysts recently weighed in on the stock. Loop Capital upped their target price on shares of TETRA Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Piper Jaffray Companies set a $5.00 target price on shares of TETRA Technologies and gave the stock a “buy” rating in a research note on Friday, December 29th. Zacks Investment Research raised shares of TETRA Technologies from a “hold” rating to a “buy” rating and set a $4.00 target price on the stock in a research note on Thursday, November 16th. Morgan Stanley upped their target price on shares of TETRA Technologies from $3.00 to $4.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 15th. Finally, Scotiabank downgraded shares of TETRA Technologies to a “hold” rating in a research note on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. TETRA Technologies has an average rating of “Hold” and an average target price of $5.00.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in TETRA Technologies by 3.3% during the 4th quarter. BlackRock Inc. now owns 15,089,690 shares of the oil and gas company’s stock worth $64,433,000 after acquiring an additional 483,137 shares in the last quarter. FMR LLC grew its holdings in TETRA Technologies by 2.1% during the 2nd quarter. FMR LLC now owns 12,257,594 shares of the oil and gas company’s stock worth $34,199,000 after acquiring an additional 250,100 shares in the last quarter. Vanguard Group Inc. grew its holdings in TETRA Technologies by 6.3% during the 2nd quarter. Vanguard Group Inc. now owns 10,594,952 shares of the oil and gas company’s stock worth $29,559,000 after acquiring an additional 625,816 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in TETRA Technologies by 0.3% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 8,080,884 shares of the oil and gas company’s stock worth $34,505,000 after acquiring an additional 21,506 shares in the last quarter. Finally, Boston Partners grew its holdings in TETRA Technologies by 8.7% during the 3rd quarter. Boston Partners now owns 5,178,124 shares of the oil and gas company’s stock worth $14,809,000 after acquiring an additional 415,120 shares in the last quarter. Institutional investors own 91.30% of the company’s stock.
TETRA Technologies (NYSE:TTI) traded up $0.16 during trading on Friday, hitting $3.62. 568,408 shares of the stock were exchanged, compared to its average volume of 864,229. The stock has a market cap of $419.51, a P/E ratio of -8.42 and a beta of 0.77. TETRA Technologies has a twelve month low of $1.85 and a twelve month high of $5.09. The company has a quick ratio of 1.38, a current ratio of 2.24 and a debt-to-equity ratio of 1.63.
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TETRA Technologies Company Profile
TETRA Technologies, Inc is an oil and gas services company. The Company focuses on completion fluids and associated products and services, water management, production well testing, offshore rig cooling, compression services and equipment, and offshore services, such as decommissioning and diving. It is composed of five segments organized into four divisions: Fluids, Production Testing, Compression and Offshore.
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