-$0.02 Earnings Per Share Expected for TETRA Technologies, Inc. (TTI) This Quarter

Equities analysts expect that TETRA Technologies, Inc. (NYSE:TTI) will report ($0.02) earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have made estimates for TETRA Technologies’ earnings, with estimates ranging from ($0.06) to $0.01. TETRA Technologies reported earnings of ($0.16) per share during the same quarter last year, which indicates a positive year over year growth rate of 87.5%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, March 7th.

On average, analysts expect that TETRA Technologies will report full year earnings of ($0.14) per share for the current year, with EPS estimates ranging from ($0.27) to ($0.09). For the next year, analysts expect that the company will report earnings of ($0.02) per share, with EPS estimates ranging from ($0.05) to $0.04. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow TETRA Technologies.

TETRA Technologies (NYSE:TTI) last issued its earnings results on Thursday, November 9th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.06. The company had revenue of $216.36 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 22.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.05) EPS.

TTI has been the subject of several analyst reports. Piper Jaffray Companies set a $4.00 target price on TETRA Technologies and gave the company a “buy” rating in a report on Wednesday, October 11th. Loop Capital upped their target price on TETRA Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a report on Friday, November 10th. Zacks Investment Research upgraded TETRA Technologies from a “hold” rating to a “buy” rating and set a $4.00 target price for the company in a report on Thursday, November 16th. Morgan Stanley upped their target price on TETRA Technologies from $3.00 to $4.00 and gave the company an “equal weight” rating in a report on Wednesday, November 15th. Finally, Royal Bank of Canada set a $5.00 target price on TETRA Technologies and gave the company a “hold” rating in a report on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. TETRA Technologies presently has an average rating of “Buy” and an average price target of $5.00.

Several institutional investors have recently made changes to their positions in the company. FMR LLC lifted its stake in shares of TETRA Technologies by 2.1% in the 2nd quarter. FMR LLC now owns 12,257,594 shares of the oil and gas company’s stock valued at $34,199,000 after purchasing an additional 250,100 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of TETRA Technologies by 6.3% in the 2nd quarter. Vanguard Group Inc. now owns 10,594,952 shares of the oil and gas company’s stock valued at $29,559,000 after purchasing an additional 625,816 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of TETRA Technologies by 0.7% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 8,059,378 shares of the oil and gas company’s stock valued at $23,050,000 after purchasing an additional 53,966 shares during the last quarter. Boston Partners lifted its stake in shares of TETRA Technologies by 8.7% in the 3rd quarter. Boston Partners now owns 5,178,124 shares of the oil and gas company’s stock valued at $14,809,000 after purchasing an additional 415,120 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of TETRA Technologies by 18.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,913,699 shares of the oil and gas company’s stock valued at $13,709,000 after purchasing an additional 774,482 shares during the last quarter. 90.55% of the stock is currently owned by institutional investors and hedge funds.

Shares of TETRA Technologies (NYSE:TTI) traded down $0.16 during trading hours on Friday, reaching $4.18. The company’s stock had a trading volume of 710,497 shares, compared to its average volume of 1,150,000. The company has a current ratio of 2.24, a quick ratio of 1.38 and a debt-to-equity ratio of 1.63. The stock has a market cap of $484.41, a PE ratio of -9.72 and a beta of 0.99. TETRA Technologies has a 12 month low of $1.85 and a 12 month high of $5.09.

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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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