TETRA Technologies (NYSE:TTI) Releases Earnings Results, Meets Estimates

TETRA Technologies (NYSE:TTI) announced its quarterly earnings data on Tuesday. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03, Zacks reports. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%.

TETRA Technologies Price Performance

Shares of TTI stock traded down $0.05 on Tuesday, reaching $4.10. 1,678,360 shares of the company were exchanged, compared to its average volume of 1,154,918. The company has a market cap of $539.76 million, a price-to-earnings ratio of 204.85 and a beta of 2.04. TETRA Technologies has a 1 year low of $2.68 and a 1 year high of $5.12. The business has a 50-day moving average price of $4.14 and a 200 day moving average price of $3.63. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.51 and a current ratio of 2.33.

Analyst Ratings Changes

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