TETRA Technologies (NYSE:TTI) Posts Earnings Results, Hits Expectations

TETRA Technologies (NYSE:TTI) issued its quarterly earnings data on Tuesday. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03, Zacks reports. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%.

TETRA Technologies Stock Performance

TTI traded down $0.05 during trading on Tuesday, hitting $4.10. The stock had a trading volume of 1,678,360 shares, compared to its average volume of 1,154,918. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.51 and a current ratio of 2.33. The firm has a market capitalization of $539.76 million, a P/E ratio of 204.85 and a beta of 2.04. TETRA Technologies has a twelve month low of $2.68 and a twelve month high of $5.12. The company’s 50-day moving average price is $4.14 and its 200 day moving average price is $3.63.

Wall Street Analyst Weigh In

TTI has been the topic of a number of recent research reports. StockNews.com upgraded shares of TETRA Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. D. Boral Capital restated a “buy” rating and set a $5.50 target price on shares of TETRA Technologies in a report on Wednesday, January 8th.

TETRA Technologies Company Profile

TETRA Technologies, Inc, together with its subsidiaries, operates as an energy services and solutions company. It operates through two segments, Completion Fluids & Products Division and Water & Flowback Services. The Completion Fluids & Products segment manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, as well as in Latin America, Europe, Asia, the Middle East, and Africa.