TETRA Technologies (TTI) Set to Announce Quarterly Earnings on Wednesday

TETRA Technologies (NYSE:TTI) will be issuing its quarterly earnings data after the market closes on Wednesday, July 31st. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

TETRA Technologies (NYSE:TTI) last posted its quarterly earnings results on Tuesday, April 30th. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. TETRA Technologies had a return on equity of 25.42% and a net margin of 3.27%. The business had revenue of $150.97 million for the quarter, compared to analyst estimates of $151.87 million. On average, analysts expect TETRA Technologies to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

TETRA Technologies Stock Down 2.9 %

NYSE:TTI opened at $3.64 on Tuesday. TETRA Technologies has a 12-month low of $3.11 and a 12-month high of $6.77. The company has a quick ratio of 1.64, a current ratio of 2.44 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $477.35 million, a P/E ratio of 22.75 and a beta of 2.06. The stock’s fifty day simple moving average is $3.50 and its 200-day simple moving average is $3.97.

Wall Street Analyst Weigh In

Separately, Benchmark restated a “buy” rating and issued a $8.00 price target on shares of TETRA Technologies in a research report on Tuesday, May 7th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $7.00.

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.