TETRA Technologies, Inc. (TTI) Issues FY14 Earnings Guidance
TETRA Technologies, Inc. (NYSE:TTI) updated its FY14 earnings guidance on Friday. The company provided EPS guidance of $0.50-0.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.66, Analyst Ratings.Net reports.
A number of research firms have recently commented on TTI. Analysts at Simmons initiated coverage on shares of TETRA Technologies in a research note on Tuesday, July 1st. They set an overweight rating and a $14.00 price target on the stock. Analysts at DA Davidson cut their price target on shares of TETRA Technologies from $13.50 to $13.00 in a research note on Monday, May 12th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $14.22.
TETRA Technologies, Inc. (NYSE:TTI) opened at 10.96 on Friday. TETRA Technologies, Inc. has a one year low of $9.92 and a one year high of $13.43. The stock has a 50-day moving average of $11.4 and a 200-day moving average of $11.73. The company’s market cap is $865.1 million.
TETRA Technologies (NYSE:TTI) last released its earnings data on Friday, August 8th. The company reported $0.06 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.19 by $0.13. The company had revenue of $242.50 million for the quarter, compared to the consensus estimate of $249.40 million. During the same quarter last year, the company posted ($0.04) earnings per share. TETRA Technologies’s revenue was up 9.7% compared to the same quarter last year. Analysts expect that TETRA Technologies, Inc. will post $0.66 EPS for the current fiscal year.
TETRA Technologies, Inc is oil and gas services company, focused on completion fluids and other products, production testing, wellhead compression, and selected offshore services including well plugging and abandonment, decommissioning, and diving.
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