TETRA Technologies, Inc. (NYSE:TTI) – Stock analysts at Capital One Financial decreased their Q2 2019 EPS estimates for TETRA Technologies in a report released on Thursday, August 8th. Capital One Financial analyst L. Lemoine now expects that the oil and gas company will post earnings per share of ($0.05) for the quarter, down from their previous forecast of ($0.02). Capital One Financial also issued estimates for TETRA Technologies’ FY2019 earnings at ($0.07) EPS and FY2020 earnings at $0.19 EPS.

TETRA Technologies (NYSE:TTI) last posted its quarterly earnings results on Thursday, August 8th. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.02). The company had revenue of $288.80 million for the quarter, compared to analyst estimates of $284.15 million. TETRA Technologies had a negative return on equity of 3.42% and a negative net margin of 1.92%. TETRA Technologies’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.03 EPS.

A number of other research firms have also issued reports on TTI. Zacks Investment Research raised TETRA Technologies from a “sell” rating to a “hold” rating in a research report on Saturday. Stifel Nicolaus set a $4.00 price target on TETRA Technologies and gave the company a “buy” rating in a research report on Friday, May 10th. ValuEngine raised TETRA Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $2.50 price target on shares of TETRA Technologies in a research report on Sunday. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $4.90.

TTI stock opened at $1.85 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.87 and a debt-to-equity ratio of 2.98. The firm has a market cap of $214.79 million, a price-to-earnings ratio of -37.00 and a beta of 1.80. The firm has a 50-day moving average of $1.60. TETRA Technologies has a 1 year low of $1.25 and a 1 year high of $5.11.

Several hedge funds and other institutional investors have recently modified their holdings of TTI. Russell Investments Group Ltd. raised its position in shares of TETRA Technologies by 78.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,357,782 shares of the oil and gas company’s stock worth $7,104,000 after acquiring an additional 1,921,705 shares in the last quarter. FMR LLC raised its position in shares of TETRA Technologies by 103.3% during the 4th quarter. FMR LLC now owns 2,554,461 shares of the oil and gas company’s stock worth $4,291,000 after acquiring an additional 1,298,000 shares in the last quarter. Boston Partners raised its position in shares of TETRA Technologies by 37.3% during the 1st quarter. Boston Partners now owns 1,295,948 shares of the oil and gas company’s stock worth $3,033,000 after acquiring an additional 352,188 shares in the last quarter. Deutsche Bank AG raised its position in shares of TETRA Technologies by 124.5% during the 4th quarter. Deutsche Bank AG now owns 622,700 shares of the oil and gas company’s stock worth $1,044,000 after acquiring an additional 345,290 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of TETRA Technologies by 62.3% during the 2nd quarter. Renaissance Technologies LLC now owns 735,186 shares of the oil and gas company’s stock worth $1,198,000 after acquiring an additional 282,316 shares in the last quarter. 81.12% of the stock is currently owned by institutional investors and hedge funds.

TETRA Technologies Company Profile

TETRA Technologies, Inc, together with its subsidiaries, operates as a diversified oil and gas services company. The company's Completion Fluids 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.

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

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