Q2 2024 EPS Estimates for TETRA Technologies, Inc. (NYSE:TTI) Lowered by Northland Capmk

TETRA Technologies, Inc. (NYSE:TTI) – Investment analysts at Northland Capmk reduced their Q2 2024 earnings per share estimates for shares of TETRA Technologies in a note issued to investors on Thursday, May 2nd. Northland Capmk analyst B. Brooks now anticipates that the oil and gas company will post earnings of $0.08 per share for the quarter, down from their prior estimate of $0.13. The consensus estimate for TETRA Technologies’ current full-year earnings is $0.27 per share. Northland Capmk also issued estimates for TETRA Technologies’ Q3 2024 earnings at $0.06 EPS, Q4 2024 earnings at $0.08 EPS, FY2024 earnings at $0.27 EPS, Q1 2025 earnings at $0.09 EPS, Q2 2025 earnings at $0.15 EPS, Q3 2025 earnings at $0.13 EPS, Q4 2025 earnings at $0.16 EPS and FY2025 earnings at $0.54 EPS.

TETRA Technologies (NYSE:TTI) last announced its quarterly earnings results on Tuesday, February 27th. The oil and gas company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. The company had revenue of $153.13 million for the quarter, compared to the consensus estimate of $144.76 million. TETRA Technologies had a return on equity of 25.42% and a net margin of 3.27%.

A number of other brokerages have also recently commented on TTI. Benchmark reaffirmed a “buy” rating and set a $8.00 price objective on shares of TETRA Technologies in a research note on Wednesday, May 1st. Northland Securities started coverage on shares of TETRA Technologies in a research report on Tuesday, February 20th. They set an “outperform” rating and a $6.00 price target on the stock. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, TETRA Technologies currently has an average rating of “Moderate Buy” and an average price target of $7.00.

TETRA Technologies Stock Up 4.2 %

TETRA Technologies stock opened at $3.95 on Monday. TETRA Technologies has a 52 week low of $2.56 and a 52 week high of $6.77. The firm has a market cap of $518.00 million, a price-to-earnings ratio of 24.69 and a beta of 2.21. The business’s 50-day moving average price is $4.33 and its 200 day moving average price is $4.44. The company has a quick ratio of 1.47, a current ratio of 2.44 and a debt-to-equity ratio of 1.23.

Institutional Trading of TETRA Technologies

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of TETRA Technologies by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 6,539,199 shares of the oil and gas company’s stock worth $41,720,000 after buying an additional 67,038 shares during the period. Gendell Jeffrey L raised its position in TETRA Technologies by 1.9% during the third quarter. Gendell Jeffrey L now owns 5,000,000 shares of the oil and gas company’s stock worth $31,900,000 after acquiring an additional 93,334 shares during the period. Invesco Ltd. lifted its holdings in TETRA Technologies by 14.1% during the third quarter. Invesco Ltd. now owns 1,123,496 shares of the oil and gas company’s stock valued at $7,168,000 after purchasing an additional 138,594 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of TETRA Technologies by 174.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 919,128 shares of the oil and gas company’s stock valued at $5,864,000 after purchasing an additional 583,854 shares during the period. Finally, Panagora Asset Management Inc. increased its stake in shares of TETRA Technologies by 20.0% during the fourth quarter. Panagora Asset Management Inc. now owns 762,963 shares of the oil and gas company’s stock worth $3,449,000 after purchasing an additional 127,378 shares in the last quarter. 70.19% of the stock is owned by institutional investors and hedge funds.

TETRA Technologies Company Profile

TETRA Technologies, Inc, together with its subsidiaries, operates as an energy services and solutions company. It operates through two segments, Completion Fluids & Products Division and Water & Flowback Services. 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.