Equities research analysts forecast that TETRA Technologies, Inc. (NYSE:TTI) will report earnings of ($0.08) per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for TETRA Technologies’ earnings, with the lowest EPS estimate coming in at ($0.12) and the highest estimate coming in at ($0.04). TETRA Technologies reported earnings per share of ($0.10) during the same quarter last year, which would indicate a positive year-over-year growth rate of 20%. The firm is expected to issue its next quarterly earnings results on Wednesday, May 9th.
On average, analysts expect that TETRA Technologies will report full year earnings of $0.02 per share for the current financial year, with EPS estimates ranging from ($0.15) to $0.14. For the next financial year, analysts forecast that the firm will report earnings of $0.17 per share, with EPS estimates ranging from $0.00 to $0.26. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow TETRA Technologies.
TETRA Technologies (NYSE:TTI) last announced its quarterly earnings results on Wednesday, February 28th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The business had revenue of $227.60 million for the quarter, compared to the consensus estimate of $211.40 million. TETRA Technologies had a negative net margin of 4.76% and a negative return on equity of 4.20%. The company’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.16) earnings per share.
TTI has been the topic of a number of recent research reports. Scotiabank downgraded TETRA Technologies to a “hold” rating in a report on Thursday, January 11th. Scotia Howard Weill reissued a “sector perform” rating on shares of TETRA Technologies in a report on Friday, January 12th. Royal Bank of Canada set a $5.00 target price on TETRA Technologies and gave the company a “hold” rating in a report on Thursday, December 21st. Howard Weil downgraded TETRA Technologies from a “sector outperform” rating to a “sector perform” rating in a report on Friday, January 12th. Finally, Zacks Investment Research raised TETRA Technologies from a “hold” rating to a “buy” rating and set a $4.00 target price on the stock in a report on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $5.02.
A number of hedge funds have recently bought and sold shares of the business. Aperio Group LLC raised its stake in shares of TETRA Technologies by 16.4% in the third quarter. Aperio Group LLC now owns 136,036 shares of the oil and gas company’s stock worth $389,000 after buying an additional 19,203 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of TETRA Technologies by 26.7% in the second quarter. The Manufacturers Life Insurance Company now owns 97,544 shares of the oil and gas company’s stock worth $273,000 after buying an additional 20,584 shares during the period. Fuller & Thaler Asset Management Inc. raised its stake in shares of TETRA Technologies by 0.3% in the fourth 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 buying an additional 21,506 shares during the period. Energy Opportunities Capital Management LLC bought a new position in shares of TETRA Technologies in the fourth quarter worth about $100,000. Finally, BNP Paribas Arbitrage SA raised its stake in shares of TETRA Technologies by 68.0% in the third quarter. BNP Paribas Arbitrage SA now owns 58,889 shares of the oil and gas company’s stock worth $168,000 after buying an additional 23,839 shares during the period. 90.00% of the stock is currently owned by institutional investors.
Shares of TETRA Technologies (NYSE TTI) traded up $0.07 during trading hours on Wednesday, hitting $4.00. The stock had a trading volume of 957,162 shares, compared to its average volume of 1,000,000. The company has a market capitalization of $463.55, a P/E ratio of 30.77, a P/E/G ratio of 6.49 and a beta of 0.79. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.26 and a current ratio of 1.95. TETRA Technologies has a 1 year low of $1.85 and a 1 year high of $4.54.
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About TETRA Technologies
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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