Last $13.04 USD
Change Today +0.31 / 2.44%
Volume 559.4K
TTI On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

tetra technologies inc (TTI) Snapshot

Open
$12.76
Previous Close
$12.73
Day High
$13.16
Day Low
$12.74
52 Week High
10/30/13 - $13.41
52 Week Low
04/22/13 - $8.15
Market Cap
1.0B
Average Volume 10 Days
426.1K
EPS TTM
$0.51
Shares Outstanding
78.9M
EX-Date
--
P/E TM
25.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for TETRA TECHNOLOGIES INC (TTI)

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tetra technologies inc (TTI) Details

TETRA Technologies, Inc. operates as a diversified oil and gas services company. The company operates in three divisions: Fluids, Production Enhancement, and Offshore. The Fluids division 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. This division also markets liquid and dry calcium chloride products; and provides water management services to North American onshore oil and gas operators. The Production Enhancement division provides after-frac flow back, production well testing, offshore rig cooling, and other associated services in various oil and gas basins in the United States, Mexico, and Canada, as well as in other basins in South America, Africa, Europe, the Middle East, and Australia. It also provides compression-based production enhancement services used in conventional wellhead compression applications and unconventional compression applications, as well as in monitoring and sand separation services. This division offers its production enhancement services in the onshore oil and gas producing regions of the United States, as well as certain basins in Mexico and Canada, and certain countries in South America, Eastern Europe, and the Asia-Pacific region. The Offshore division provides down hole and subsea services, such as well plugging, and abandonment and workover services; decommissioning and construction services; and conventional and saturated air diving services. This division offers its services to oil and gas companies and independent operators. The company was founded in 1981 and is headquartered in The Woodlands, Texas.

3,462 Employees
Last Reported Date: 03/3/14
Founded in 1981

tetra technologies inc (TTI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $602.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $392.0K
President of Compressco, Inc and President of...
Total Annual Compensation: $289.5K
Senior Vice President
Total Annual Compensation: $370.0K
Senior Vice President of Corporate Strategy a...
Total Annual Compensation: $345.0K
Compensation as of Fiscal Year 2013.

tetra technologies inc (TTI) Key Developments

TETRA Technologies, Inc. Announces Retirement of the Members of Board of Directors

TETRA Technologies, Inc. announced that Tom H. Delimitros and Geoffrey M. Hertel, current members of the Board of Directors, will retire from the board upon expiration of their respective terms at the upcoming Annual Meeting, and therefore have not been nominated for reelection.

TETRA Technologies, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

TETRA Technologies, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. Consolidated revenues for the quarter ended December 31, 2013 were $225.4 million against $231.1 million in the fourth quarter of 2012. Total gross profit was $18.5 million in the fourth quarter of 2013 against $32.2 million in the fourth quarter of 2012. Net loss attributable to company stockholders was $10.3 million or $0.03 per diluted share in 2013's fourth quarter against $4.0 million or $0.05 per diluted share in 2012's fourth quarter. The foregoing results include the impact of the Maritech segment. As discussed below, management believes that it is helpful to an understanding of the Company's business going forward to present financial results excluding the impact of Maritech. Such results, reconciled to the nearest GAAP financial measures, are included at the end of this press release. Consolidated results per share from continuing operations attributable to company stockholders for the fourth quarter of 2013 were a loss of $0.13 with 78.2 million weighted average diluted common shares outstanding against a loss of $0.05 with 77.5 million weighted average diluted common shares outstanding in the fourth quarter of 2012. As of December 31, 2013, net debt was $328,580,000 compared to $295,577,000 a year ago. Loss before taxes and discontinued operations was $17,646,000 against $5,085,000 a year ago. For the full year, the company reported revenues of $909,398,000 against $880,831,000 a year ago. Loss before taxes and discontinued operations was $128,000 against income before taxes and discontinued operations of $28,183,000 a year ago. Net income attributable to company stockholders was $153,000 or $0.00 per share against $15,960,000 or $0.20 per share a year ago. Net cash provided by operating activities was $49,656,000 against $17,669,000 a year ago. Capital expenditures were $101,379,000 against $107,524,000 a year ago.

TETRA Technologies Seeks Acquisitions

TETRA Technologies, Inc. (NYSE:TTI) seeks acquisitions. "We also remain focused on expanding our product and service offering and announced in early January that we acquired 18 mid-sized horsepower units. We continue to aggressively look at acquisition opportunities to further expand our US footprint, and move into the mid-range size compressors. Compressco's balance sheet affords us the capacity to make small to mid-sized acquisitions," said Elijio Serrano, Tetra Technologies Inc, Chief Financial Officer.

 

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Industry Analysis

TTI

Industry Average

Valuation TTI Industry Range
Price/Earnings 100.0x
Price/Sales 1.1x
Price/Book 1.9x
Price/Cash Flow 12.7x
TEV/Sales 0.6x
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