Wall Street analysts expect that Tetra Technologies, Inc. (NYSE:TTI) will announce earnings of ($0.03) per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Tetra Technologies’ earnings. The highest EPS estimate is $0.01 and the lowest is ($0.06). Tetra Technologies posted earnings of ($0.16) per share in the same quarter last year, which suggests a positive year over year growth rate of 81.3%. The business is scheduled to announce its next earnings report on Wednesday, March 7th.
According to Zacks, analysts expect that Tetra Technologies will report full-year earnings of ($0.17) per share for the current fiscal year, with EPS estimates ranging from ($0.27) to ($0.09). For the next fiscal year, analysts anticipate that the firm will report earnings of ($0.03) per share, with EPS estimates ranging from ($0.10) to $0.04. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Tetra Technologies.
Tetra Technologies (NYSE:TTI) last released its earnings results on Thursday, November 9th. The oil and gas company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.06. The firm had revenue of $216.36 million during the quarter, compared to the consensus estimate of $218.65 million. Tetra Technologies had a negative return on equity of 6.89% and a negative net margin of 5.47%. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.05) earnings per share.
TTI has been the subject of a number of research analyst reports. Piper Jaffray Companies set a $4.00 target price on Tetra Technologies and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Scotiabank set a $4.00 target price on Tetra Technologies and gave the stock a “buy” rating in a research report on Tuesday, August 22nd. Loop Capital upped their target price on Tetra Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Friday. Royal Bank Of Canada reiterated a “hold” rating and set a $3.25 price objective on shares of Tetra Technologies in a research report on Thursday, July 20th. Finally, Zacks Investment Research upgraded Tetra Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $5.09.
Shares of Tetra Technologies (NYSE TTI) opened at $3.69 on Tuesday. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.24 and a quick ratio of 1.38. Tetra Technologies has a 52-week low of $1.85 and a 52-week high of $5.98.
Large investors have recently made changes to their positions in the business. Ramsey Quantitative Systems acquired a new stake in Tetra Technologies during the 2nd quarter valued at $666,000. Municipal Employees Retirement System of Michigan raised its stake in Tetra Technologies by 23.7% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 26,270 shares of the oil and gas company’s stock valued at $107,000 after purchasing an additional 5,030 shares during the period. Hartford Investment Management Co. acquired a new stake in Tetra Technologies during the 2nd quarter valued at $118,000. JPMorgan Chase & Co. raised its stake in Tetra Technologies by 3,012.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 46,187 shares of the oil and gas company’s stock valued at $129,000 after purchasing an additional 44,703 shares during the period. Finally, Cubist Systematic Strategies LLC raised its stake in Tetra Technologies by 326.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 47,942 shares of the oil and gas company’s stock valued at $134,000 after purchasing an additional 36,687 shares during the period. 91.18% of the stock is currently owned by institutional investors.
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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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