Tetra Technologies (NYSE:TTI) Stock

Tetra Technologies

Tetra Technologies Inc is a diversified oil and gas services company, focused on completion fluids and associated products and services, water management, frac flowback, production well testing, offshore rig cooling, and compression services. It has two reporting segments namely Completion Fluids & Products, and Water & Flowback Services. The Completion Fluids & Products Division manufactures and markets clear brine fluids, additives, and associated products and services. The Water & Flowback Services Division provides onshore oil and gas operators with comprehensive water management services. The company derives maximum revenue from United states.

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Cramer takes a look at TETRA Technologies, Abbott, Wendy&#39;s, Nu Holdings and Casella Waste on the latest edition of &#34;Mad Money.&#34;

Jim Cramer Is Worried About This Consumer Cyclical Stock: 7% Yield? &#39;Something May Be Wrong Here&#39;

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Halliburton (NYSE: HAL) came out with quarterly earnings of $0.80 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.77 per share a year ago. These figures are adjusted for non-recurring items.

Halliburton Q2 Earnings Match Estimates

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Exxon Mobil closed a successful year with $36 billion in earnings and plans to produce lithium for 1M EVs/year by 2030 through Mobil Lithium.

Exxon&#39;s Lithium Experiment Could Be Winner For Oil Company,  State Of Arkansas

Tetra Technologies Inc

THIOGENESIS THERAPEUTICS by Thiogenesis Therapeutics Corp.

Thiogenesis Therapeutics Corp

TERTIARY MINERALS PLC ORD by Tertiary Minerals Plc

Tertiary Minerals PLC

On CNBC's &#8220;<a href="https://www.benzinga.com/topic/mad-money-lightning-round">Mad Money Lightning Round</a>,&#8221; Jim Cramer said he is worried about The Wendy&#8217;s Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEN#NASDAQ">WEN</a>).
Cramer says it should not have a 7% yield, adding, &#8220;That, to me, suggests something may be wrong here.
Morgan Stanley analyst John Glass supported his view on Jan. 21, downgrading Wendy&#8217;s from Equal-Weight to Underweight and lowering the price target from $22 to $14.
<h3 class="wp-block-heading">Nu Is A &#8216;Really Hard&#8217; Company</h3>
Nu Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>) is a &#8220;really hard&#8221; company. Cramer added that he prefers SoFi Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) over the fintech firm.
Supporting his view, Citigroup analyst Ashwin Shirvaikar, on Dec. 2, downgraded the rating from Neutral to Sell on the stock and lowered its price <a href="https://www.benzinga.com/quote/NU/analyst-ratings">target from $14.6 to $11</a>.
<h3 class="wp-block-heading">Other Stocks In Focus</h3>
TETRA Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTI#NYSE">TTI</a>) is a &#8220;very good company, and it did come up from the ashes,&#8221; Cramer said. &#8220;As a matter of fact, it's come up so much, it's up 28% for the year, so I cannot sanction buying it.&#8221;
The company's stock also jumped more than 33% over the past month.
When asked about Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>), he said, &#8220;I can't recommend anything on a straight line. But if it pulls back a couple bucks, though, it's good, because this should be one of the great pharma stories because it's got the best growth in device and pharmaceuticals.&#8221;
Abbott Laboratories, meanwhile, on Jan. 22, reported fourth-quarter sales of $10.97 billion, up 7.2% year over year, missing the consensus of $11.01 billion.
&#8220;This one has been around forever, and it just caught fire,&#8221; Cramer said when asked about Casella Waste Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWST#NASDAQ">CWST</a>). The &#8220;Mad Money&#8221; host added that although it's good he will go back to Waste Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>).
Adding support to his choice, Jefferies analyst Stephanie Moore, on Jan. 23, downgraded Casella Waste from Buy to Hold and lowered the price target from $115 to $113.
Price Action:
<ul>
<li>TETRA Technologies shares fell 1.7% to settle at $4.60 on Friday.</li>
<li>Abbott shares gained 1.5% to close at $125.03 during the session.</li>
<li>Wendy's shares gained 0.6% to settle at $14.30 on Friday.</li>
<li>Nu Holdings shares rose 1.2% to close at $12.34.</li>
<li>Casella Waste shares slipped 1% to settle at $105.03 on Friday.</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/markets/25/01/43189390/top-3-materials-stocks-that-may-fall-off-a-cliff-in-january">Top 3 Materials Stocks That May Fall Off A Cliff In January</a></li>
</ul>
Image: Shutterstock

Jim Cramer Is Worried About This Consumer Cyclical Stock: 7% Yield? 'Something May Be Wrong Here'

D. Boral Capital analyst Jesse Sobelson maintains Tetra Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTI#NYSE">TTI</a>) with a Buy and maintains $5.5 price target.

Price Target

D. Boral Capital Maintains Buy on Tetra Technologies, Maintains $5.5 Price Target

EF Hutton analyst Jesse Sobelson maintains Tetra Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTI#NYSE">TTI</a>) with a Buy and maintains $5.5 price target.

EF Hutton Maintains Buy on Tetra Technologies, Maintains $5.5 Price Target

WIIM

Tetra Technologies shares are trading higher. The company reported Q3 financial results.

Tetra Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTI#NYSE">TTI</a>) reported quarterly earnings of $0.03 per share which missed the analyst consensus estimate of $0.04 by 25 percent. The company reported quarterly sales of $141.700 million which missed the analyst consensus estimate of $148.420 million by 4.53 percent. This is a 6.45 percent decrease over sales of $151.464 million the same period last year.

Earnings Misses

Tetra Technologies Q3 2024 Adj. EPS $0.03 Misses $0.04 Estimate, Sales $141.700M Miss $148.420M Estimate

Tetra Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTI#NYSE">TTI</a>) is preparing to release its quarterly earnings on Tuesday, 2024-10-29. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Tetra Technologies to report an earnings per share (EPS) of $0.05.
The announcement from Tetra Technologies is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Earnings History Snapshot</h3>
In the previous earnings release, the company missed EPS by $0.03, leading to a 3.49% drop in the share price the following trading session.
Here's a look at Tetra Technologies's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.10</td>
<td>0.03</td>
<td>0.08</td>
<td>0.09</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.07</td>
<td>0.05</td>
<td>0.03</td>
<td>0.07</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-3.0%</td>
<td>-14.000000000000002%</td>
<td>6.0%</td>
<td>-15.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730134964_0.png" alt="eps graph" />
<h3>Market Performance of Tetra Technologies's Stock</h3>
Shares of Tetra Technologies were trading at $3.06 as of October 25. Over the last 52-week period, shares are down 35.13%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release. 
<h3>Analyst Opinions on Tetra Technologies</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Tetra Technologies.
Tetra Technologies has received a total of 1 ratings from analysts, with the consensus rating as Buy. With an average one-year price target of $5.5, the consensus suggests a potential 79.74% upside.
<h3>Comparing Ratings with Peers</h3>
This comparison focuses on the analyst ratings and average 1-year price targets of Solaris Energy, Oil States International and Ranger Energy Services, three major players in the industry, shedding light on their relative performance expectations and market positioning.
<ul>
<li>The prevailing sentiment among analysts is an Buy trajectory for Solaris Energy, with an average 1-year price target of $15.0, implying a potential 390.2% upside.</li>
<li>The prevailing sentiment among analysts is an Neutral trajectory for Oil States International, with an average 1-year price target of $6.5, implying a potential 112.42% upside.</li>
<li>The consensus among analysts is an Neutral trajectory for Ranger Energy Services, with an average 1-year price target of $13.0, indicating a potential 324.84% upside.</li>
</ul>
<h3>Snapshot: Peer Analysis</h3>
The peer analysis summary offers a detailed examination of key metrics for Solaris Energy, Oil States International and Ranger Energy Services, providing valuable insights into their respective standings within the industry and their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Tetra Technologies</td>
<td>Buy</td>
<td>-2.01%</td>
<td>$43.25M</td>
<td>5.06%</td>
</tr>
<tr>
<td>Solaris Energy</td>
<td>Buy</td>
<td>-4.30%</td>
<td>$18.19M</td>
<td>2.87%</td>
</tr>
<tr>
<td>Oil States International</td>
<td>Neutral</td>
<td>1.56%</td>
<td>$29.65M</td>
<td>0.18%</td>
</tr>
<tr>
<td>Ranger Energy Services</td>
<td>Neutral</td>
<td>-15.38%</td>
<td>$13.90M</td>
<td>1.80%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Tetra Technologies ranks at the bottom for Revenue Growth among its peers. It is in the middle for Gross Profit and Return on Equity.
<h3>About Tetra Technologies</h3>
Tetra Technologies Inc is a diversified oil and gas services company, focused on completion fluids and associated products and services, water management, frac flowback, production well testing, offshore rig cooling, and compression services. It has two reporting segments namely Completion Fluids &amp; Products, and Water &amp; Flowback Services. The Completion Fluids &amp; Products Division manufactures and markets clear brine fluids, additives, and associated products and services. The Water &amp; Flowback Services Division provides onshore oil and gas operators with comprehensive water management services. The company derives maximum revenue from United states.
<h3>Understanding the Numbers: Tetra Technologies's Finances</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Tetra Technologies's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately -2.01%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Energy sector.
Net Margin: Tetra Technologies's net margin is impressive, surpassing industry averages. With a net margin of 4.45%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Tetra Technologies's ROE excels beyond industry benchmarks, reaching 5.06%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Tetra Technologies's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.54% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Tetra Technologies's debt-to-equity ratio stands notably higher than the industry average, reaching 1.38. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<a href="https://www.benzinga.com/quote/TTI/earnings">To track all earnings releases for Tetra Technologies visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Tetra Technologies

EF Hutton analyst Jesse Sobelson maintains Tetra Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTI#NYSE">TTI</a>) with a Buy and lowers the price target from $8.5 to $5.5.

EF Hutton Maintains Buy on Tetra Technologies, Lowers Price Target to $5.5

TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTI#NYSE">TTI</a>) today released on its investor relations website an S-K 1300 Bromine Definitive Feasibility Study ("DFS") containing positive results including certain financial information on the development of TETRA's Arkansas bromine assets in the Evergreen Unit based on engineering studies, reservoir analysis, certain cost and revenue assumptions, plus quotes received on major components received or completed to date.&nbsp; The Technical Report Summary ("TRS") was prepared to update the previously reported resources presented by RESPEC Company, LLC ("RESPEC") and incorporates the results of the definitive feasibility study, including bromine reserve determinations.
TETRA currently sources elemental bromine from a combination of long-term supply agreements and open-market purchases.&nbsp; TETRA uses this third-party sourced elemental bromine to manufacture at its West Memphis, Arkansas facility, offshore completion fluids for the oil and gas industry and ultra-high purity zinc bromide (TETRA PureFlow) utilized in battery electrolytes for long-duration energy storage ("LDES").&nbsp; TETRA's facility uses proprietary processes for reacting elemental bromine with various other raw materials and refining the resultant brominated products.&nbsp; Development of its Arkansas bromine assets will allow TETRA to become vertically integrated (referred to herein as the "Vertically Integrated Production Case") for its future elemental bromine requirements and is expected to allow TETRA to phase out third-party purchases of elemental bromine over time.
The highlights of the DFS report are as follows:
<ul>
<li>Vertically Integrated Production Case Net Present Value ("NPV"), at a 10% discount rate, of $710 million and is based on the current bromine business plus the proposed investment in this bromine project allowing TETRA to phase out third-party sourced elemental bromine. This case compares to TETRA's current bromine business with third-party purchases of elemental bromine of NPV $337 million ("Third-Party Bromine Purchase Only Case"), also at a 10% discount rate. This project is projected to create an incremental NPV of $374 million.(1)</li>
<li>Internal Rate of Return ("IRR") of 62% for the Vertically Integrated Production Case. (1)</li>
<li>744 ktons of measured and indicated bromine resources have been upgraded to proven and probable reserves. In addition to proven and probable reserves, the Evergreen Unit is estimated to contain an additional 158 ktons of measured and indicated resources and 541 ktons of inferred resources of bromine.</li>
<li>40-year projected operating life. Proven and probable bromine reserves of 744 ktons plus measured and indicated bromine resources of 158 ktons support at least 40 years of operations based on reservoir studies completed by TETRA's advisors and consultants. (1)</li>
<li>Phase I plant processing is expected to have a capacity of 75 million lbs of bromine per year. The project economics reflect initial production volumes of only 48 million pounds of elemental bromine per year, increasing the volumes currently being sourced by TETRA under long-term contract by over 50%.</li>
<li>Post Final Investment Decision ("FID") capital expenditures of $270 million assumes that 35% of the upstream capital expenditures are absorbed by TETRA's partner in the Evergreen Brine Unit and does not assume a lithium project is constructed at the same time as the bromine project. If the lithium project is constructed, certain upstream, common and shared capital expenditures have the potential to be allocated to the lithium project, materially improving the overall economics of the bromine project. Costs incurred prior to FID are not reflected in these economics as they are viewed as sunk costs.</li>
<li>The increased volumes and enhanced margins from TETRA moving from a Third-Party Bromine Purchase Only Case to a Vertically Integrated Production Case are expected to position TETRA to increase revenue from bromine-related product by between $200 million to $250 million when the bromine plant is in full production. Adjusted EBITDA is expected to increase by between $90 million to $115 million as a result of the higher sales volumes for the offshore oil and gas sector, long-duration energy battery storage, and the lower production costs of those products from being vertically integrated when compared against third-party purchases of elemental bromine.(1) Once a FID is made, plant construction is expected to be approximately 24 months.</li>
<li>Payback of post-FID capital expenditures is expected to be 5.7 years reflecting the higher volumes available to TETRA from insourcing all its elemental bromine requirements at costs lower than what the Company is procuring today.(1)</li>
<li>TETRA's approximately $400 million of United States tax loss carryforward are expected to be utilized for this project and are reflected in the economics.</li>
<li>TETRA is expected to fund this project from borrowing under credit facilities currently available to the Company, which includes a $75 million delayed draw facility, and from cash flow from the existing business. The timing of this project will be aligned to ensure the base business free cash flow is available to the Company. TETRA intends to maintain a net leverage target of less than 2.5 times adjusted EBITDA on a trailing twelve-month basis.</li>
</ul>
Because this investment is expected to enable TETRA to vertically integrate its elemental bromine supply, the following benefits to TETRA are anticipated:
<ul>
<li>Enhanced Margins: TETRA expects to eventually replace the purchase of elemental bromine from third party suppliers with lower cost insourced elemental bromine as a result of the investment in this project. The volatility of open market elemental bromine purchases are also expected to be reduced from the prices TETRA pays third parties, allowing TETRA to bid for long-term contracts with greater certainty of input costs. Increased production volumes manufactured through TETRA's West Memphis plant allows for greater utilization and better plant costs absorption. &nbsp;</li>
<li>Provide Higher Volumes of Cost-Effective Bromine: In recent years, TETRA has had to purchase more elemental bromine at spot-market prices because the volumes available from TETRA's long-term supply agreement have not been sufficient to meet overall demand for a growing offshore oil and gas market. This increase in offshore deepwater demand combined with an expected growth in demand for TETRA PureFlow ultra-high purity zinc bromide-based electrolyte will exceed TETRA's currently available third-party supply volumes. This project is expected to allow TETRA to meet those requirements.</li>
</ul>

Tetra Technologies Announces Completion Of Definitive Feasibility Study For The Arkansas Bromine Project And Upgrade Of Previously Announced Bromine Resources To Reserves

ACDC

AESI

ARCH

BANL

BORR

CEIX

CHRD

CLMT

CRGY

CTRA

DINO

FANG

GLNG

GPRK

LBRT

LTBR

MTDR

PTEN

SDRL

TALO

TRGP

VIST

VNOM

WFRD

WTTR

Shares of oil and gas stocks are trading lower despite Middle East tensions. Weak US economic data may be weighing on demand outlook.

Tetra Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTI#NYSE">TTI</a>) reported quarterly earnings of $0.07 per share which missed the analyst consensus estimate of $0.10 by 30 percent. This is a 46.15 percent decrease over earnings of $0.13 per share from the same period last year. The company reported quarterly sales of $171.935 million which missed the analyst consensus estimate of $181.484 million by 5.26 percent. This is a 2.01 percent decrease over sales of $175.463 million the same period last year.

Tetra Technologies Q2 2024 Adj. EPS $0.07 Misses $0.10 Estimate, Sales $171.935M Miss $181.484M Estimate

Halliburton (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hal#NYSE">HAL</a>) came out with quarterly earnings of $0.80 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.77 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this provider of drilling services to oil and gas operators would post earnings of $0.74 per share when it actually produced earnings of $0.76, delivering a surprise of 2.70%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Halliburton, which belongs to the Zacks Oil and Gas - Field Services industry, posted revenues of $5.83 billion for the quarter ended June 2024, missing the Zacks Consensus Estimate by 1.98%. This compares to year-ago revenues of $5.8 billion. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Halliburton shares have added about 0.8% since the beginning of the year versus the S&amp;P 500&#39;s gain of 16.2%.
What&#39;s Next for Halliburton?
While Halliburton has underperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Halliburton: unfavorable. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.88 on $6.18 billion in revenues for the coming quarter and $3.36 on $24.22 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the bottom 16% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Tetra Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tti#NYSE">TTI</a>), another stock in the same industry, has yet to report results for the quarter ended June 2024. The results are expected to be released on July 31.
This oil and gas services company is expected to post quarterly earnings of $0.10 per share in its upcoming report, which represents a year-over-year change of -23.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Tetra Technologies&#39; revenues are expected to be $180.66 million, up 3% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2305011/halliburton-hal-q2-earnings-match-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2305011">To read this article on Zacks.com click here.</a>

<h3>Gainers</h3>
<ul>
<li>Tetra Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTI#NYSE">TTI</a>) stock rose 4.9% to $3.63 during Tuesday's after-market session. The market value of their outstanding shares is at $476.0 million. </li>
<li>TXO Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXO#NYSE">TXO</a>) shares increased by 4.84% to $21.02. The company's market cap stands at $650.3 million. </li>
<li>Comstock (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/LODE#AMEX">LODE</a>) stock rose 4.53% to $0.23. The market value of their outstanding shares is at $32.4 million. </li>
<li>Enservco (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ENSV#AMEX">ENSV</a>) stock moved upwards by 3.94% to $0.26. The company's market cap stands at $7.0 million. </li>
<li>Enviva (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVA#NYSE">EVA</a>) stock rose 3.31% to $0.58. The company's market cap stands at $43.1 million. </li>
<li>FutureFuel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FF#NYSE">FF</a>) shares rose 2.06% to $4.45. The market value of their outstanding shares is at $194.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Atlas Energy Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AESI#NYSE">AESI</a>) shares decreased by 2.7% to $21.4 during Tuesday's after-market session. The company's market cap stands at $2.3 billion. </li>
<li>Tellurian (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/TELL#AMEX">TELL</a>) shares decreased by 1.97% to $0.56. The market value of their outstanding shares is at $471.3 million. </li>
<li>Noble Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NE#NYSE">NE</a>) shares fell 0.82% to $42.55. The market value of their outstanding shares is at $6.0 billion. </li>
<li>Houston American Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/HUSA#AMEX">HUSA</a>) stock declined by 0.76% to $1.31. The market value of their outstanding shares is at $14.2 million. </li>
<li>Crescent Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRGY#NYSE">CRGY</a>) shares decreased by 0.75% to $12.37. The company's market cap stands at $1.3 billion. </li>
<li>NOV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOV#NYSE">NOV</a>) stock decreased by 0.35% to $17.22. The company's market cap stands at $6.8 billion. 
See Also: <a href="http://www.benzinga.com/money/best-energy-stocks/" title="www.benzinga.com/money/best-energy-stocks/">www.benzinga.com/money/best-energy-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

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TELL

12 Energy Stocks Moving In Tuesday's After-Market Session

Benchmark analyst Kurt Hallead reiterates Tetra Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTI#NYSE">TTI</a>) with a Buy and maintains $8 price target.

Reiteration

Benchmark Reiterates Buy on Tetra Technologies, Maintains $8 Price Target

ENLC

Shares of oil and gas companies are trading lower amid weakness in oil following a build of US crude inventories.

Tetra Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTI#NYSE">TTI</a>) reported quarterly earnings of $0.05 per share which beat the analyst consensus estimate of $0.03 by 66.67 percent. This is a 66.67 percent increase over earnings of $0.03 per share from the same period last year. The company reported quarterly sales of $150.972 million which missed the analyst consensus estimate of $153.646 million by 1.74 percent. This is a 3.26 percent increase over sales of $146.209 million the same period last year.

Earnings Beats

Tetra Technologies Q1 2024 Adj EPS $0.05 Beats $0.03 Estimate, Sales $150.972M Miss $153.646M Estimate

EF Hutton analyst Tim Moore reiterates Tetra Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTI#NYSE">TTI</a>) with a Buy and maintains $9 price target.

EF Hutton Reiterates Buy on Tetra Technologies, Maintains $9 Price Target

Tetra Technologies shares are trading higher after the company reported mixed Q4 financial results.

Tetra Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTI#NYSE">TTI</a>) reported quarterly earnings of $0.03 per share which missed the analyst consensus estimate of $0.06 by 50 percent. The company reported quarterly sales of $153.13 million which beat the analyst consensus estimate of $150.05 million by 2.05 percent. This is a 3.85 percent increase over sales of $147.45 million the same period last year.

Tetra Technologies Q4 2023 Adj EPS $0.03 Misses $0.06 Estimate, Sales $153.13M Beat $150.05M Estimate

Press Releases

TETRA TECHNOLOGIES, INC. ANNOUNCES SECOND QUARTER EARNINGS RELEASE CONFERENCE CALL AND WEBCAST

TETRA TECHNOLOGIES, INC. SECURES THREE WELL TETRA CS NEPTUNE FLUIDS DEEPWATER GULF OF MEXICO PROJECT AND ANNOUNCES SECOND QUARTER 2024 FINANCIAL RESULTS

TETRA TECHNOLOGIES, INC. ANNOUNCES COMPLETION OF DEFINITIVE FEASIBILITY STUDY FOR THE ARKANSAS BROMINE PROJECT AND UPGRADE OF PREVIOUSLY ANNOUNCED BROMINE RESOURCES TO RESERVES

TETRA TECHNOLOGIES, INC. ANNOUNCES THIRD QUARTER EARNINGS RELEASE CONFERENCE CALL AND WEBCAST

TETRA TECHNOLOGIES, INC. TO PARTICIPATE IN THE MICROCAP RODEO FALL CONFERENCE

TETRA TECHNOLOGIES, INC. ANNOUNCES BRAZIL DEEPWATER COMPLETION FLUIDS AWARD AND THIRD QUARTER 2024 FINANCIAL RESULTS

TETRA TECHNOLOGIES, INC. TO PARTICIPATE IN THE 2024 WELLS FARGO 23RD ANNUAL MIDSTREAM, ENERGY AND UTILITIES SYMPOSIUM

TETRA TECHNOLOGIES, INC. INTRODUCES TETRA OASIS TOTAL DESALINATION SOLUTION (TETRA OASIS TDS) AND RESULTS FROM PERMIAN BASIN BENEFICIAL RE-USE PILOT

TETRA TECHNOLOGIES, INC. TO PARTICIPATE IN THE 27TH ANNUAL NEEDHAM GROWTH CONFERENCE

TETRA TECHNOLOGIES, INC. ANNOUNCES FOURTH QUARTER AND FULL YEAR 2024 EARNINGS RELEASE CONFERENCE CALL AND WEBCAST

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