-$0.02 EPS Expected for TETRA Technologies, Inc. (TTI) This Quarter

Wall Street analysts predict that TETRA Technologies, Inc. (NYSE:TTI) will post earnings per share of ($0.02) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for TETRA Technologies’ earnings, with estimates ranging from ($0.06) to $0.01. TETRA Technologies reported earnings of ($0.16) per share in the same quarter last year, which would suggest a positive year over year growth rate of 87.5%. The company is expected to report its next quarterly earnings report on Wednesday, March 7th.

According to Zacks, 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 fiscal year, analysts expect that the firm will post earnings of ($0.02) per share, with EPS estimates ranging from ($0.05) to $0.04. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for TETRA Technologies.

TETRA Technologies (NYSE:TTI) last announced 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 for 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%. TETRA Technologies’s quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.05) earnings per share.

Several research analysts recently issued reports on the company. Piper Jaffray Companies set a $5.00 target price on TETRA Technologies and gave the company a “buy” rating in a research report on Friday, December 29th. Royal Bank of Canada set a $5.00 target price on TETRA Technologies and gave the company a “hold” rating in a research report on Thursday, December 21st. Zacks Investment Research raised TETRA Technologies from a “hold” rating to a “buy” rating and set a $4.00 target price on the stock in a research report on Thursday, November 16th. Morgan Stanley lifted their target price on TETRA Technologies from $3.00 to $4.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 15th. Finally, ValuEngine raised TETRA Technologies from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 14th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $5.00.

TETRA Technologies (TTI) opened at $4.34 on Friday. The stock has a market capitalization of $502.95, a P/E ratio of -10.09 and a beta of 0.99. The company has a current ratio of 2.24, a quick ratio of 1.38 and a debt-to-equity ratio of 1.63. TETRA Technologies has a 1 year low of $1.85 and a 1 year high of $5.10.

A number of institutional investors have recently modified their holdings of TTI. Formula Growth Ltd. lifted its holdings in TETRA Technologies by 51.9% during the second quarter. Formula Growth Ltd. now owns 3,761,806 shares of the oil and gas company’s stock worth $10,495,000 after acquiring an additional 1,284,629 shares during the period. Dimensional Fund Advisors LP lifted its holdings in TETRA Technologies by 18.7% during the second quarter. Dimensional Fund Advisors LP now owns 4,913,699 shares of the oil and gas company’s stock worth $13,709,000 after acquiring an additional 774,482 shares during the period. Vanguard Group Inc. lifted its holdings in TETRA Technologies by 6.3% during the second quarter. Vanguard Group Inc. now owns 10,594,952 shares of the oil and gas company’s stock worth $29,559,000 after acquiring an additional 625,816 shares during the period. Boston Partners lifted its holdings in TETRA Technologies by 8.7% during the third quarter. Boston Partners now owns 5,178,124 shares of the oil and gas company’s stock worth $14,809,000 after acquiring an additional 415,120 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in TETRA Technologies by 17.7% during the third quarter. Russell Investments Group Ltd. now owns 2,269,671 shares of the oil and gas company’s stock worth $6,490,000 after acquiring an additional 341,617 shares during the period. Institutional investors and hedge funds own 90.55% of the company’s stock.

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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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