TETRA Technologies (TTI) Scheduled to Post Earnings on Tuesday

TETRA Technologies (NYSE:TTI - Get Free Report) will be releasing its earnings data after the market closes on Tuesday, October 29th. Analysts expect TETRA Technologies to post earnings of $0.04 per share for the quarter. Parties that wish to register for the company's conference call can do so using this link.

TETRA Technologies (NYSE:TTI - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The oil and gas company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.03). TETRA Technologies had a net margin of 1.61% and a return on equity of 18.84%. The firm had revenue of $171.94 million for the quarter, compared to analysts' expectations of $180.66 million. On average, analysts expect TETRA Technologies to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

TETRA Technologies Trading Down 7.9 %

TTI traded down $0.26 during trading hours on Tuesday, reaching $3.02. The company's stock had a trading volume of 1,439,685 shares, compared to its average volume of 1,323,816. The business's 50-day moving average is $3.12 and its 200-day moving average is $3.54. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.41 and a quick ratio of 1.72. The stock has a market cap of $396.98 million, a PE ratio of 38.88 and a beta of 2.04. TETRA Technologies has a fifty-two week low of $2.68 and a fifty-two week high of $6.16.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TTI. EF Hutton Acquisition Co. I raised shares of TETRA Technologies to a "strong-buy" rating in a research note on Monday. StockNews.com raised TETRA Technologies from a "sell" rating to a "hold" rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average 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.