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

TETRA Technologies (NYSE:TTI - Get Free Report) released its quarterly earnings results on Tuesday. The oil and gas company reported $0.03 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%. The business had revenue of $134.50 million during the quarter, compared to analysts' expectations of $138.96 million.

TETRA Technologies Price Performance

NYSE:TTI traded down $0.04 during trading hours on Friday, hitting $3.79. The company's stock had a trading volume of 1,516,299 shares, compared to its average volume of 1,176,492. The business's 50-day moving average is $4.17 and its two-hundred day moving average is $3.65. The company has a market capitalization of $499.56 million, a PE ratio of 189.59 and a beta of 2.04. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.51 and a current ratio of 2.33. TETRA Technologies has a 52-week low of $2.68 and a 52-week high of $5.12.

Wall Street Analysts Forecast Growth

Separately, D. Boral Capital restated a "buy" rating and set a $5.50 price target on shares of TETRA Technologies in a research note on Thursday.

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.