Equities analysts expect TETRA Technologies, Inc. (NYSE:TTI) to report earnings of ($0.03) per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for TETRA Technologies’ earnings. The lowest EPS estimate is ($0.05) and the highest is ($0.01). TETRA Technologies posted earnings per share of ($0.04) during the same quarter last year, which would suggest a positive year over year growth rate of 25%. The company is expected to issue its next earnings results before the market opens on Thursday, February 28th.
On average, analysts expect that TETRA Technologies will report full-year earnings of ($0.07) per share for the current year, with EPS estimates ranging from ($0.10) to ($0.05). For the next year, analysts expect that the business will post earnings of $0.01 per share, with EPS estimates ranging from ($0.10) to $0.14. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow TETRA Technologies.
TTI has been the subject of a number of research reports. ValuEngine downgraded TETRA Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Credit Suisse Group cut their target price on TETRA Technologies from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Wednesday, November 14th. TheStreet downgraded TETRA Technologies from a “c-” rating to a “d” rating in a research report on Tuesday, November 13th. Johnson Rice downgraded TETRA Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Raymond James downgraded TETRA Technologies from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. TETRA Technologies presently has an average rating of “Hold” and a consensus target price of $6.10.
In related news, CEO Stuart M. Brightman bought 100,000 shares of the business’s stock in a transaction that occurred on Friday, December 28th. The stock was acquired at an average price of $1.41 per share, for a total transaction of $141,000.00. Following the transaction, the chief executive officer now directly owns 1,258,163 shares of the company’s stock, valued at $1,774,009.83. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.69% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the stock. Amalgamated Bank bought a new position in TETRA Technologies in the 4th quarter valued at $32,000. Wealthsource Partners LLC bought a new position in TETRA Technologies in the 4th quarter valued at $34,000. Oregon Public Employees Retirement Fund bought a new position in TETRA Technologies in the 4th quarter valued at $48,000. SG Americas Securities LLC raised its position in TETRA Technologies by 206.7% in the 4th quarter. SG Americas Securities LLC now owns 34,222 shares of the oil and gas company’s stock valued at $57,000 after purchasing an additional 23,065 shares during the last quarter. Finally, Magnus Financial Group LLC bought a new position in TETRA Technologies in the 4th quarter valued at $59,000. Institutional investors and hedge funds own 84.94% of the company’s stock.
Shares of TTI stock traded up $0.06 during mid-day trading on Friday, reaching $2.56. The stock had a trading volume of 429,599 shares, compared to its average volume of 557,142. The company has a current ratio of 2.27, a quick ratio of 1.45 and a debt-to-equity ratio of 2.69. TETRA Technologies has a one year low of $1.29 and a one year high of $5.11. The company has a market capitalization of $321.82 million, a P/E ratio of -12.19, a P/E/G ratio of 17.24 and a beta of 1.63.
About TETRA Technologies
TETRA Technologies, Inc, together with its subsidiaries, operates as a diversified oil and gas services company. The company's Fluids division 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.
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