TETRA Technologies (NYSE:TTI) Issues Quarterly Earnings Results

TETRA Technologies (NYSE:TTI) posted its quarterly earnings data on Tuesday. The oil and gas company reported $0.03 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 Price Performance

TETRA Technologies stock traded down $0.05 during midday trading on Tuesday, reaching $4.10. 1,678,360 shares of the stock traded hands, compared to its average volume of 1,154,918. The stock’s fifty day moving average is $4.14 and its 200-day moving average is $3.63. TETRA Technologies has a 12 month low of $2.68 and a 12 month high of $5.12. The stock has a market cap of $539.76 million, a P/E ratio of 204.85 and a beta of 2.04. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 1.16.

Analyst Ratings Changes

Several research analysts have commented on TTI shares. D. Boral Capital reissued a “buy” rating and set a $5.50 price target on shares of TETRA Technologies in a research note on Wednesday, January 8th. StockNews.com upgraded shares of TETRA Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th.

About TETRA Technologies

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.