TETRA Technologies (TTI) Releases Quarterly Earnings, Misses Estimates By $0.13 EPS
TETRA Technologies (NYSE:TTI) posted its quarterly earnings results on Friday. The company reported $0.06 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.19 by $0.13, AR Network reports. 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.
A number of analysts have recently weighed in on TTI shares. 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 equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $14.22.
Shares of TETRA Technologies (NYSE:TTI) opened at 10.96 on Friday. TETRA Technologies has a one year low of $9.92 and a one year high of $13.43. The stock’s 50-day moving average is $11.4 and its 200-day moving average is $11.73. The company’s market cap is $865.1 million.
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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