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

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

TETRA Technologies Trading Down 7.4 %

NYSE TTI opened at $3.80 on Wednesday. TETRA Technologies has a 52-week low of $2.68 and a 52-week high of $5.12. The firm has a 50-day moving average price of $4.15 and a 200 day moving average price of $3.64. The stock has a market capitalization of $500.22 million, a P/E ratio of 189.49 and a beta of 2.04. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 1.16.

Analyst Ratings Changes

A number of research firms have weighed in on TTI. StockNews.com raised shares of TETRA Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. D. Boral Capital restated a “buy” rating and set a $5.50 price target on shares of TETRA Technologies in a research note on Wednesday, January 8th.

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.