Tetra Technologies, Inc. (NYSE:TTI) is scheduled to be announcing its earnings results before the market opens on Thursday, November 9th.
Tetra Technologies (NYSE:TTI) last released its earnings results on Wednesday, August 9th. The oil and gas company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.03). The business had revenue of $208.37 million for the quarter, compared to the consensus estimate of $204.19 million. Tetra Technologies had a negative return on equity of 9.56% and a negative net margin of 8.27%. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.15) earnings per share. On average, analysts expect Tetra Technologies to post $-0.22 EPS for the current fiscal year and $-0.1 EPS for the next fiscal year.
Several research firms recently commented on TTI. Zacks Investment Research cut Tetra Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $3.25 price objective on shares of Tetra Technologies in a research report on Thursday, July 20th. BidaskClub cut Tetra Technologies from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. ValuEngine cut Tetra Technologies from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Finally, J P Morgan Chase & Co cut Tetra Technologies from an “overweight” rating to a “neutral” rating in a research report on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Tetra Technologies presently has a consensus rating of “Buy” and a consensus price target of $5.17.
Tetra Technologies Company Profile
TETRA Technologies, Inc is an oil and gas services company. The Company focuses on completion fluids and associated products and services, water management, production well testing, offshore rig cooling, compression services and equipment, and offshore services, such as decommissioning and diving. It is composed of five segments organized into four divisions: Fluids, Production Testing, Compression and Offshore.
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