TETRA Technologies (NYSE:TTI) - Share price, News & Analysis

TTI fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	1/6
Past Performance	2/6
Financial Health	3/6
Dividends	0/6

TTI Stock Overview

TETRA Technologies, Inc., together with its subsidiaries, operates as a diversified oil and gas services company.

Rewards

Revenue is forecast to grow 15.01% per year

Became profitable this year

Risk Analysis

Interest payments are not well covered by earnings

Large one-off items impacting financial results

Significant insider selling over the past 3 months

TETRA Technologies Competitors

Schlumberger

NYSE:SLB

US$62.1b

Halliburton

NYSE:HAL

US$34.7b

NOV

NYSE:NOV

US$7.5b

RPC

NYSE:RES

US$1.9b

Price History & Performance

Summary of all time highs, changes and price drops for TETRA Technologies
Historical stock prices
Current Share Price	US$4.90
52 Week High	US$4.90
52 Week Low	US$2.32
Beta	2.87
1 Month Change	31.02%
3 Month Change	74.38%
1 Year Change	41.62%
3 Year Change	180.00%
5 Year Change	58.07%
Change since IPO	81.86%

Recent News & Updates

Mar 27

Is TETRA Technologies (NYSE:TTI) A Risky Investment?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

	TTI	US Energy Services	US Market
7D	6.5%	1.8%	-4.0%
1Y	41.6%	42.5%	-13.2%

Return vs Industry: TTI exceeded the US Energy Services industry which returned 38.2% over the past year.

Return vs Market: TTI exceeded the US Market which returned -12.3% over the past year.

Price Volatility

Is TTI's price volatile compared to industry and market?
TTI volatility
TTI Average Weekly Movement	12.0%
Energy Services Industry Average Movement	9.2%
Market Average Movement	7.8%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	2.9%

Stable Share Price: TTI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: TTI's weekly volatility (12%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1981	1,100	Brady Murphy	https://www.tetratec.com

TETRA Technologies, Inc., together with its subsidiaries, operates as a diversified oil and gas services company. It operates through Completion Fluids & Products Division and Water & Flowback Services segments. 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.

TETRA Technologies Fundamentals Summary

How do TETRA Technologies's earnings and revenue compare to its market cap?
TTI fundamental statistics
Market Cap	US$625.74m
Earnings (TTM)	US$2.94m
Revenue (TTM)	US$440.99m

213.1x

P/E Ratio

1.4x

P/S Ratio

Is TTI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
TTI income statement (TTM)
Revenue	US$440.99m
Cost of Revenue	US$328.03m
Gross Profit	US$112.96m
Other Expenses	US$110.02m
Earnings	US$2.94m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.023
Gross Margin	25.62%
Net Profit Margin	0.67%
Debt/Equity Ratio	144.1%

How did TTI perform over the long term?

See historical performance and comparison

Valuation

Is TETRA Technologies undervalued compared to its fair value and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

213.14x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: TTI ($4.9) is trading above our estimate of fair value ($2.63)

Significantly Below Fair Value: TTI is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: TTI is poor value based on its Price-To-Earnings Ratio (213.1x) compared to the US Energy Services industry average (33x).

PE vs Market: TTI is poor value based on its Price-To-Earnings Ratio (213.1x) compared to the US market (15.1x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TTI's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: TTI is overvalued based on its Price-To-Book Ratio (5.8x) compared to the US Energy Services industry average (1.4x).

Future Growth

How is TETRA Technologies forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

15.0%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if TTI's forecast earnings growth is above the savings rate (1.9%).

Earnings vs Market: Insufficient data to determine if TTI's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TTI's revenue (15% per year) is forecast to grow faster than the US market (7.8% per year).

High Growth Revenue: TTI's revenue (15% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if TTI's Return on Equity is forecast to be high in 3 years time

Past Performance

How has TETRA Technologies performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

13.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TTI has a large one-off gain of $16.6M impacting its March 31 2022 financial results.

Growing Profit Margin: TTI became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: TTI has become profitable over the past 5 years, growing earnings by 13.8% per year.

Accelerating Growth: TTI has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: TTI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Energy Services industry (-1.8%).

Return on Equity

High ROE: TTI's Return on Equity (2.7%) is considered low.

Financial Health

How is TETRA Technologies's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: TTI's short term assets ($217.2M) exceed its short term liabilities ($97.0M).

Long Term Liabilities: TTI's short term assets ($217.2M) exceed its long term liabilities ($202.8M).

Debt to Equity History and Analysis

Debt Level: TTI's net debt to equity ratio (113.4%) is considered high.

Reducing Debt: TTI's debt to equity ratio has reduced from 184.8% to 144.1% over the past 5 years.

Debt Coverage: TTI's debt is not well covered by operating cash flow (3.1%).

Interest Coverage: TTI's interest payments on its debt are not well covered by EBIT (0.2x coverage).

Balance Sheet

Dividend

What is TETRA Technologies's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate TTI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TTI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TTI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TTI's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as TTI has not reported any payouts.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.7yrs

Average management tenure

CEO

Brady Murphy (61 yo)

4.25yrs

Tenure

US$4,253,926

Compensation

Mr. Brady M. Murphy has been President of CSI Compressco GP Inc., the General Partner of CSI Compressco LP since November 1, 2019 and served as its Interim President since July 22, 2019 until November 1, 2...

CEO Compensation Analysis

Compensation vs Market: Brady's total compensation ($USD4.25M) is about average for companies of similar size in the US market ($USD3.85M).

Compensation vs Earnings: Brady's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: TTI's management team is considered experienced (3.7 years average tenure).

Board Members

Experienced Board: TTI's board of directors are considered experienced (6.1 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: TTI insiders have only sold shares in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/24 00:00
End of Day Share Price	2022/05/24 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31