Brokerages expect TETRA Technologies, Inc. (NYSE:TTI) to post ($0.03) earnings per share for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for TETRA Technologies’ earnings. The highest EPS estimate is ($0.02) and the lowest is ($0.06). TETRA Technologies reported earnings per share of ($0.06) in the same quarter last year, which suggests a positive year-over-year growth rate of 50%. The company is expected to issue its next quarterly earnings results on Tuesday, May 14th.

According to Zacks, analysts expect that TETRA Technologies will report full-year earnings of ($0.01) per share for the current financial year, with EPS estimates ranging from ($0.10) to $0.08. For the next fiscal year, analysts expect that the business will report earnings of $0.13 per share, with EPS estimates ranging from $0.00 to $0.31. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for TETRA Technologies.

TETRA Technologies (NYSE:TTI) last released its quarterly earnings data on Thursday, February 28th. The oil and gas company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.02. TETRA Technologies had a negative net margin of 6.44% and a negative return on equity of 2.20%. The firm had revenue of $282.47 million during the quarter, compared to analysts’ expectations of $262.53 million.

TTI has been the subject of a number of research reports. Zacks Investment Research raised shares of TETRA Technologies from a “sell” rating to a “hold” rating in a report on Thursday, March 14th. Johnson Rice cut shares of TETRA Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Finally, ValuEngine raised shares of TETRA Technologies from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $6.10.

Shares of TTI traded down $0.10 during mid-day trading on Wednesday, hitting $2.42. 8,639 shares of the company traded hands, compared to its average volume of 670,808. The company has a quick ratio of 1.28, a current ratio of 2.00 and a debt-to-equity ratio of 2.61. TETRA Technologies has a 1 year low of $1.29 and a 1 year high of $5.11. The stock has a market capitalization of $315.33 million, a price-to-earnings ratio of -48.80 and a beta of 1.59.

Several hedge funds and other institutional investors have recently made changes to their positions in TTI. Amalgamated Bank purchased a new stake in shares of TETRA Technologies in the fourth quarter worth $32,000. Wealthsource Partners LLC purchased a new stake in shares of TETRA Technologies in the fourth quarter worth $34,000. Oregon Public Employees Retirement Fund purchased a new stake in shares of TETRA Technologies in the fourth quarter worth $48,000. SG Americas Securities LLC increased its stake in shares of TETRA Technologies by 206.7% in the fourth quarter. SG Americas Securities LLC now owns 34,222 shares of the oil and gas company’s stock worth $57,000 after purchasing an additional 23,065 shares in the last quarter. Finally, Magnus Financial Group LLC purchased a new stake in shares of TETRA Technologies in the fourth quarter worth $59,000. 83.21% of the stock is owned by hedge funds and other 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.

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