Tetra Technologies Inc. (NYSE:TTI) – Stock analysts at Capital One Financial Corp. decreased their Q3 2016 EPS estimates for shares of Tetra Technologies in a research report issued to clients and investors on Monday. Capital One Financial Corp. analyst J. Gibney now expects that the brokerage will post earnings of ($0.02) per share for the quarter, down from their previous forecast of $0.03. Capital One Financial Corp. also issued estimates for Tetra Technologies’ Q4 2016 earnings at ($0.06) EPS, FY2016 earnings at ($0.47) EPS, Q1 2017 earnings at ($0.13) EPS, Q2 2017 earnings at ($0.03) EPS, Q3 2017 earnings at $0.01 EPS, Q4 2017 earnings at ($0.05) EPS, FY2017 earnings at ($0.20) EPS and FY2018 earnings at ($0.05) EPS.
Tetra Technologies (NYSE:TTI) last issued its quarterly earnings data on Monday, August 8th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.03. Tetra Technologies had a negative return on equity of 3.33% and a negative net margin of 27.71%. The firm earned $175.66 million during the quarter, compared to the consensus estimate of $188.42 million. During the same quarter in the previous year, the company posted $0.16 EPS. The business’s revenue for the quarter was down 44.5% compared to the same quarter last year.
Several other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded Tetra Technologies from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Loop Capital initiated coverage on Tetra Technologies in a report on Friday, September 30th. They set a “buy” rating on the stock. Simmons reissued an “overweight” rating and set a $7.60 price objective (up previously from $7.35) on shares of Tetra Technologies in a report on Wednesday, August 10th. Morgan Stanley set a $10.00 price objective on Tetra Technologies and gave the company a “buy” rating in a report on Wednesday, September 28th. Finally, Wunderlich raised their price objective on Tetra Technologies from $9.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, June 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. Tetra Technologies currently has an average rating of “Buy” and a consensus target price of $8.26.
Tetra Technologies (NYSE:TTI) opened at 6.07 on Wednesday. The company’s market cap is $562.72 million. Tetra Technologies has a 12 month low of $4.62 and a 12 month high of $9.44. The firm has a 50-day moving average price of $5.98 and a 200 day moving average price of $6.12.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Societe Generale acquired a new position in Tetra Technologies during the second quarter valued at $103,000. SG Americas Securities LLC raised its position in Tetra Technologies by 27.8% in the second quarter. SG Americas Securities LLC now owns 16,182 shares of the company’s stock valued at $103,000 after buying an additional 3,523 shares during the period. Eqis Capital Management Inc. raised its position in Tetra Technologies by 1.0% in the second quarter. Eqis Capital Management Inc. now owns 16,915 shares of the company’s stock valued at $108,000 after buying an additional 166 shares during the period. Mason Street Advisors LLC acquired a new position in Tetra Technologies during the second quarter valued at $112,000. Finally, Profund Advisors LLC raised its position in Tetra Technologies by 1.1% in the second quarter. Profund Advisors LLC now owns 18,326 shares of the company’s stock valued at $117,000 after buying an additional 208 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Keith L. Schilling sold 24,341 shares of Tetra Technologies stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $6.37, for a total value of $155,052.17. Following the completion of the transaction, the vice president now directly owns 111,161 shares of the company’s stock, valued at approximately $708,095.57. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.45% of the stock is owned by insiders.
About Tetra Technologies
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.
Receive News & Ratings for Tetra Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tetra Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.