Tesco Corp. (TESO) Shares Up 1.7%
Tesco Corp. (NASDAQ:TESO) shares shot up 1.7% during mid-day trading on Tuesday . The stock traded as high as $6.72 and last traded at $6.46, with a volume of 159,696 shares trading hands. The stock had previously closed at $6.35.
Separately, Zacks Investment Research raised shares of Tesco Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, April 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Tesco Corp. presently has a consensus rating of “Buy” and a consensus target price of $10.05.
The stock’s market cap is $256.84 million. The firm has a 50-day moving average of $6.58 and a 200-day moving average of $7.36.
Tesco Corp. (NASDAQ:TESO) last posted its quarterly earnings data on Tuesday, May 10th. The company reported ($0.46) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by $0.11. During the same period last year, the company earned ($0.08) earnings per share. The company had revenue of $35.50 million for the quarter, compared to analyst estimates of $42.86 million. The firm’s revenue for the quarter was down 61.3% compared to the same quarter last year. On average, equities research analysts forecast that Tesco Corp. will post ($1.58) earnings per share for the current fiscal year.
Tesco Corporation is engaged in designing, assembly and service delivery of technology-based solutions for the upstream energy industry. The Company’s product and service offerings consist primarily of equipment sales and services to drilling contractors, and exploration and production companies around the world.
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