TETRA Technologies, Inc. (TTI)
Chart Events
Performance Outlook
| Previous Close | 2.6100 |
| Open | 2.5700 |
| Bid | 2.6100 x 1000 |
| Ask | 2.6200 x 800 |
| Day's Range | 2.5200 - 2.6800 |
| 52 Week Range | 0.2200 - 2.7800 |
| Volume | 1,878,121 |
| Avg. Volume | 2,452,103 |
| Market Cap | 321.518M |
| Beta (5Y Monthly) | 3.22 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -1.1930 |
| Earnings Date | Feb 25, 2021 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 3.00 |
Fair Value
Related Research
- ACCESSWIRE
TETRA Technologies, Inc. to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / February 25, 2021 / TETRA Technologies, Inc. (NYSE:TTI) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on February 25, 2021 at 10:30 AM Eastern Time.
- SmarterAnalyst
Tetra Technologies’ 4Q Earnings Surpass Estimates; Street Sees 15% Upside
Tetra Technologies delivered better-than-expected earnings in the fourth quarter as the oil and gas services company placed a significant focus on cost management. The company saw a 34% year-on-year decline in operating cost. In reaction to the news, shares of Tetra Technologies (TTI) jumped 7.4% at the end of trade on Wednesday. The company posted a net loss per share of $0.03 during the fourth quarter, which was lower than analysts’ expectations of a net loss per share of $0.04. Revenue decreased by $60.45 million year-on-year to $75.46 million, missing analysts’ estimates of $111.65 million. The decrease in 4Q revenues was attributable to a sales decline in the company’s completion fluids and products division as well as water and flowback services division. For fiscal 2020, the company generated sales of $377.7 million, down from the $561.2 million posted in 2019. Tetra Technologies CEO Brad Murphy said, “We delivered positive adjusted EBITDA and free cash flow in every quarter of 2020 and successfully executed on our key strategies.” The company did not provide any guidance. (See Tetra Technologies stock analysis on TipRanks) On Feb. 1, Evercore ISI analyst James West gave Tetra Technologies a price target of $3 (15% upside potential) and upgraded it to a Buy from a Sell. West noted that Tetra is a “fundamentally different company that deserves another look” and has unique opportunities within the energy transition in lithium and carbon capture. Turning to Wall Street, Tetra has a Moderate Buy consensus rating based on 2 Buys. The average analyst price target of $3 implies about 15% upside potential from current levels. Tetra stock has seen a runup of about 95% over the past year. Related News: Fisker Inks MOU With Foxconn To Develop EV; Shares Pop 22% Pre-Market Nvidia Posts Better-Than-Expected 4Q Earnings; Street Remains Bullish Five9 4Q Pops 10% Pre-Market On Blowout Quarter More recent articles from Smarter Analyst: Thursday’s Pre-Market: Here’s What You Need To Know Before The Market Opens L Brands Delivers 4Q Earnings Beat; Shares Gain Nvidia Posts Better-Than-Expected 4Q Earnings; Street Remains Bullish Teladoc Losses Widen In 4Q; Shares Drop 6% After-Hours
- PR Newswire
TETRA Technologies, Inc. Announces Full Year And Fourth Quarter 2020 Results
TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) today announced full year and fourth quarter 2020 results, which are within the range of the preliminary results that were pre-announced on January 29, 2021. On that same date, the Company announced the sale of the general partner, incentive distribution rights, and 10.95 million common units of CSI Compressco LP ("CSI Compressco") and 15 compressor units to Spartan Energy Partners, which generated over $30 million of cash proceeds to TETRA. TETRA's income statement reflects CSI Compressco as discontinued operations, and the assets and liabilities of CSI Compressco are reflected as assets and liabilities held for sale as of December 31, 2020. TETRA continues to own 5.2 million of CSI Compressco common units, which are equal to approximately 11% of the total outstanding CSI Compressco common units, with a current market value of approximately $10.6 million. Net loss before discontinued operations for the fourth quarter of 2020 was $7.1 million inclusive of $3.4 million of non-recurring charges and expenses. Total year cash from operating activities was $77 million, compared to $90 million in 2019.
