TETRA Technologies, Inc. (NYSE:TTI) – Stock analysts at Capital One Financial Corp. upped their Q2 2017 earnings per share (EPS) estimates for shares of TETRA Technologies in a report released on Thursday. Capital One Financial Corp. analyst L. Lemoine now anticipates that the oil and gas company will post earnings of ($0.03) per share for the quarter, up from their previous estimate of ($0.05). Capital One Financial Corp. also issued estimates for TETRA Technologies’ Q3 2017 earnings at $0.01 EPS, Q4 2017 earnings at ($0.02) EPS, FY2017 earnings at ($0.14) EPS and FY2018 earnings at $0.19 EPS.

TETRA Technologies (NYSE:TTI) last posted its quarterly earnings results on Wednesday, May 10th. The oil and gas company reported ($0.10) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. TETRA Technologies had a negative net margin of 35.47% and a negative return on equity of 8.79%. The firm had revenue of $168 million during the quarter, compared to analyst estimates of $168.64 million. During the same quarter in the prior year, the business posted ($0.16) earnings per share. The company’s quarterly revenue was down .8% compared to the same quarter last year.

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Earnings History and Estimates for TETRA Technologies (NYSE:TTI)

Several other analysts have also recently weighed in on TTI. Vetr cut shares of TETRA Technologies from a “strong-buy” rating to a “buy” rating and set a $5.00 price objective for the company. in a research note on Tuesday, January 17th. Zacks Investment Research upgraded shares of TETRA Technologies from a “hold” rating to a “buy” rating and set a $5.50 price objective for the company in a research note on Tuesday, February 14th. Scotiabank set a $7.00 price objective on shares of TETRA Technologies and gave the stock a “buy” rating in a research note on Thursday, March 2nd. Morgan Stanley cut shares of TETRA Technologies from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $8.00 to $6.00 in a research note on Monday, March 6th. They noted that the move was a valuation call. Finally, Simmons dropped their price objective on shares of TETRA Technologies from $5.65 to $4.80 and set an “overweight” rating for the company in a research note on Tuesday, March 14th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $6.61.

TETRA Technologies (NYSE:TTI) opened at 3.31 on Monday. The company has a 50-day moving average of $3.65 and a 200 day moving average of $4.55. TETRA Technologies has a 52-week low of $3.00 and a 52-week high of $6.77. The firm’s market cap is $377.99 million.

Institutional investors have recently modified their holdings of the stock. Mason Street Advisors LLC boosted its position in shares of TETRA Technologies by 7.8% in the first quarter. Mason Street Advisors LLC now owns 27,039 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 1,961 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in TETRA Technologies by 13.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 20,160 shares of the oil and gas company’s stock worth $123,000 after buying an additional 2,420 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in TETRA Technologies by 4.8% in the third quarter. UBS Asset Management Americas Inc. now owns 63,797 shares of the oil and gas company’s stock worth $390,000 after buying an additional 2,900 shares in the last quarter. Prudential Financial Inc. boosted its position in TETRA Technologies by 1.6% in the first quarter. Prudential Financial Inc. now owns 193,810 shares of the oil and gas company’s stock worth $789,000 after buying an additional 3,080 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in TETRA Technologies by 1.9% in the first quarter. Legal & General Group Plc now owns 193,258 shares of the oil and gas company’s stock worth $787,000 after buying an additional 3,513 shares in the last quarter. Institutional investors own 69.47% of the company’s stock.

In other news, CEO Stuart M. Brightman bought 40,000 shares of the company’s stock in a transaction dated Friday, March 17th. The stock was bought at an average cost of $3.85 per share, for a total transaction of $154,000.00. Following the transaction, the chief executive officer now owns 875,294 shares of the company’s stock, valued at $3,369,881.90. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Elijio V. Serrano bought 15,000 shares of the company’s stock in a transaction dated Monday, March 13th. The stock was purchased at an average price of $3.79 per share, with a total value of $56,850.00. Following the completion of the transaction, the insider now directly owns 375,263 shares in the company, valued at approximately $1,422,246.77. The disclosure for this purchase can be found here. Insiders bought a total of 67,000 shares of company stock valued at $258,130 over the last 90 days. Corporate insiders own 4.45% of the company’s stock.

TETRA Technologies Company Profile

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.

5 Day Chart for NYSE:TTI

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