TETRA Technologies, Inc. (NYSE:TTI) – Piper Jaffray Companies lowered their Q3 2020 EPS estimates for shares of TETRA Technologies in a report issued on Tuesday, August 13th, Zacks Investment Research reports. Piper Jaffray Companies analyst J. Watson now anticipates that the oil and gas company will post earnings per share of ($0.01) for the quarter, down from their previous forecast of $0.01.
Several other equities research analysts also recently weighed in on TTI. Zacks Investment Research upgraded TETRA Technologies from a “sell” rating to a “hold” rating in a report on Saturday, August 10th. Royal Bank of Canada reiterated a “hold” rating and issued a $2.50 price target on shares of TETRA Technologies in a report on Sunday, August 11th. ValuEngine upgraded TETRA Technologies from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Stifel Nicolaus set a $4.00 price target on TETRA Technologies and gave the stock a “buy” rating in a report on Friday, May 10th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $4.90.
Shares of NYSE TTI traded up $0.10 during midday trading on Wednesday, hitting $1.69. The company’s stock had a trading volume of 155,739 shares, compared to its average volume of 613,742. The company has a current ratio of 1.89, a quick ratio of 1.23 and a debt-to-equity ratio of 3.07. The business’s 50 day moving average is $1.62 and its two-hundred day moving average is $1.97. TETRA Technologies has a 12-month low of $1.25 and a 12-month high of $4.74. The firm has a market cap of $197.17 million, a P/E ratio of -33.80 and a beta of 1.74.
TETRA Technologies (NYSE:TTI) last issued its quarterly earnings data 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). TETRA Technologies had a negative return on equity of 3.45% and a negative net margin of 1.92%. The business had revenue of $288.80 million for the quarter, compared to the consensus estimate of $284.15 million. During the same period in the prior year, the business posted $0.03 earnings per share. The company’s quarterly revenue was up 11.0% compared to the same quarter last year.
Large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. boosted its position in 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 valued at $7,104,000 after acquiring an additional 1,921,705 shares in the last quarter. FMR LLC boosted its position in 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 valued at $4,291,000 after acquiring an additional 1,298,000 shares in the last quarter. Boston Partners boosted its position in TETRA Technologies by 44.4% during the 2nd quarter. Boston Partners now owns 1,871,579 shares of the oil and gas company’s stock valued at $3,051,000 after acquiring an additional 575,631 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its position in TETRA Technologies by 6.7% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,638,558 shares of the oil and gas company’s stock valued at $2,671,000 after acquiring an additional 102,976 shares in the last quarter. Finally, Northern Trust Corp boosted its position in TETRA Technologies by 1.9% during the 2nd quarter. Northern Trust Corp now owns 1,601,559 shares of the oil and gas company’s stock valued at $2,611,000 after acquiring an additional 29,216 shares in the last quarter. 83.00% of the stock is currently owned by institutional investors.
About TETRA Technologies
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.