TETRA Technologies (TTI) to Release Earnings on Monday – MarketBeat

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TETRA Technologies (NYSE:TTI – Get Rating) will be releasing its earnings data after the market closes on Monday, October 31st. Analysts expect TETRA Technologies to post earnings of $0.03 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
TETRA Technologies (NYSE:TTI – Get Rating) last released its quarterly earnings data on Monday, August 1st. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. TETRA Technologies had a net margin of 2.26% and a return on equity of 14.72%. The company had revenue of $140.72 million for the quarter, compared to analysts’ expectations of $134.70 million. During the same quarter in the prior year, the firm earned ($0.02) EPS. On average, analysts expect TETRA Technologies to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

TETRA Technologies Trading Up 3.9 %

TTI opened at $4.49 on Monday. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.04 and a quick ratio of 1.47. TETRA Technologies has a fifty-two week low of $2.32 and a fifty-two week high of $5.82. The firm has a market capitalization of $575.86 million, a PE ratio of 56.88 and a beta of 2.59. The company’s 50-day moving average is $3.97 and its 200 day moving average is $4.17.

Analyst Ratings Changes

A number of research analysts have recently weighed in on TTI shares. Evercore ISI increased their target price on shares of TETRA Technologies to $6.00 in a research report on Monday, August 15th. StockNews.com assumed coverage on shares of TETRA Technologies in a research report on Wednesday, October 12th. They set a “hold” rating for the company.

Insider Buying and Selling at TETRA Technologies

In other news, VP Roy Mcniven purchased 7,500 shares of the business’s stock in a transaction on Monday, September 26th. The stock was purchased at an average cost of $3.40 per share, with a total value of $25,500.00. Following the acquisition, the vice president now directly owns 7,500 shares in the company, valued at $25,500. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 4.43% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Verition Fund Management LLC bought a new position in TETRA Technologies in the 2nd quarter valued at $43,000. Legal & General Group Plc raised its position in shares of TETRA Technologies by 5.7% during the 2nd quarter. Legal & General Group Plc now owns 1,923,164 shares of the oil and gas company’s stock valued at $7,808,000 after buying an additional 104,513 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of TETRA Technologies by 16.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 873,510 shares of the oil and gas company’s stock valued at $3,546,000 after buying an additional 121,744 shares in the last quarter. Occudo Quantitative Strategies LP raised its position in shares of TETRA Technologies by 317.8% during the 2nd quarter. Occudo Quantitative Strategies LP now owns 121,883 shares of the oil and gas company’s stock valued at $495,000 after buying an additional 92,712 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its position in shares of TETRA Technologies by 728.9% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 276,684 shares of the oil and gas company’s stock valued at $1,123,000 after buying an additional 243,303 shares in the last quarter. 58.59% of the stock is owned by institutional investors.

About TETRA Technologies

(Get Rating)
TETRA Technologies, Inc, together with its subsidiaries, operates as a diversified oil and gas services company. It operates through Completion Fluids & Products Division and Water & Flowback Services segments. 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.

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Earnings History for TETRA Technologies (NYSE:TTI)
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