Thomas Bates - Tetra Technologies Independent Director

TTI Stock  USD 3.96  0.08  1.98%   

Director

Dr. Thomas R. Bates, Ph.D., is an Independent Director of the Company. He is a private investor and currently an adjunct professor in the Finance Department at Texas Christian University where he teaches in the MBA program at the Neeley School of Business. Dr. Bates joined Lime Rock Management LP, an energyfocused private equity firm, as a managing director in 2001 and became a senior advisor of the firm in 2010 before retiring in 2013. Dr. Bates had 25 years of experience in oil service management and operations before joining Lime Rock. He served from 1998 through 2000 as president of the Discovery Group of Baker Hughes and was responsible for the integration of Western Atlas into Baker Hughes. Earlier, he served as president and chief executive officer of Weatherford Enterra. Previously, Dr. Bates spent 15 years with Schlumberger in both domestic and international locations and was responsible for the Anadrill business unit when early MWD and LWD tools were commercialized. Dr. Bates began his career with Shell Oil Company, where he conducted drilling research. Dr. Bates was a personal investor andor a corporate investor in more than a dozen oil service technology startups. Dr. Bates serves as chairman of the board of directors of Independence Contract Drilling, Inc., a public company subject to the reporting requirements of the Exchange Act, and serves on the board of directors of Alacer Gold Corporationrationration, a Canadian publicly traded company. He also serves on the board of directors of Vantage Drilling International, a private company providing drilling services. Dr. Bates previously served on the boards of Hercules Offshore, Inc. from 2004 through November 2015, Natco Group, Inc. from 2003 through 2009, and T3 Energy Services from 2007 until it was acquired in 2011 since 2011.
Age 70
Tenure 13 years
Professional MarksPh.D
Address 24955 Interstate 45 North, The Woodlands, TX, United States, 77380
Phone281 367 1983
Webhttps://www.tetratec.com
Bates is a graduate of the University of Michigan with a Ph.D. in Mechanical Engineering.

Tetra Technologies Management Efficiency

The company has Return on Asset of 0.0587 % which means that on every $100 spent on assets, it made $0.0587 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0482 %, implying that it generated $0.0482 on every 100 dollars invested. Tetra Technologies' management efficiency ratios could be used to measure how well Tetra Technologies manages its routine affairs as well as how well it operates its assets and liabilities. The Tetra Technologies' current Return On Tangible Assets is estimated to increase to 0.06. The Tetra Technologies' current Return On Capital Employed is estimated to increase to 0.24. As of now, Tetra Technologies' Intangible Assets are increasing as compared to previous years. The Tetra Technologies' current Net Tangible Assets is estimated to increase to about 118 M, while Non Current Assets Total are projected to decrease to under 187.1 M.
Tetra Technologies has 196.8 M in debt with debt to equity (D/E) ratio of 1.81, which is OK given its current industry classification. Tetra Technologies has a current ratio of 2.0, which is typical for the industry and considered as normal. Note however, debt could still be an excellent tool for Tetra to invest in growth at high rates of return.

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TETRA Technologies, Inc., together with its subsidiaries, operates as a diversified oil and gas services company. The company was incorporated in 1981 and is headquartered in The Woodlands, Texas. Tetra Technologies operates under Oil Gas Equipment Services classification in the United States and is traded on New York Stock Exchange. It employs 1100 people. Tetra Technologies (TTI) is traded on New York Stock Exchange in USA. It is located in 24955 Interstate 45 North, The Woodlands, TX, United States, 77380 and employs 1,500 people. Tetra Technologies is listed under Oil & Gas Equipment & Services category by Fama And French industry classification.

Management Performance

Tetra Technologies Leadership Team

Elected by the shareholders, the Tetra Technologies' board of directors comprises two types of representatives: Tetra Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tetra. The board's role is to monitor Tetra Technologies' management team and ensure that shareholders' interests are well served. Tetra Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Tetra Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.
OBrien D, Principal Accounting Officer, Vice President – Finance & Global Controller
Jacek Mucha, Vice President - Finance, Treasurer
Brady Murphy, President, Chief Executive Officer, Chief Operating Officer, Interim President of CSI Compressco GP Inc, Director
Bass Wallace, Senior Vice President General Counsel, Corporate Secretary
Matthew Sanderson, Senior Vice President - Global Supply Chain and Chemicals
Richard OBrien, Principal Accounting Officer, Vice President – Finance & Global Controller
Roy McNiven, Senior Operations
Joseph Winkler, Independent Director
Rigo Gonzalez, Corporate Manager
Shawn Williams, Independent Director
Paul Coombs, Independent Director
Elisabeth Evans, Vice President - Human Resources
Thomas Bates, Independent Director
William Sullivan, Independent Chairman of the Board
Elijio CPA, CFO VP
Kimberly OBrien, Corporate Secretary
John Glick, Independent Director
Sharon Mcgee, Independent Director
Elijio Serrano, Chief Financial Officer, Senior Vice President, IR Contact Officer
Gina Luna, Independent Director
Alicia Boston, General Officer
Timothy Moeller, Vice President Chief Procurement Officer
Mark Baldwin, Independent Director
James Funke, Vice President

Tetra Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Tetra Technologies a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

When determining whether Tetra Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tetra Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tetra Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tetra Technologies Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tetra Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more detail on how to invest in Tetra Stock please use our How to Invest in Tetra Technologies guide.
You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Is Oil & Gas Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tetra Technologies. If investors know Tetra will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tetra Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.58)
Earnings Share
0.06
Revenue Per Share
4.721
Quarterly Revenue Growth
(0.06)
Return On Assets
0.0587
The market value of Tetra Technologies is measured differently than its book value, which is the value of Tetra that is recorded on the company's balance sheet. Investors also form their own opinion of Tetra Technologies' value that differs from its market value or its book value, called intrinsic value, which is Tetra Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tetra Technologies' market value can be influenced by many factors that don't directly affect Tetra Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tetra Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tetra Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tetra Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.