Tesco Corp. (TESO) Stock Price Up 3.8%
Tesco Corp. (NASDAQ:TESO)’s share price rose 3.8% during trading on Monday . The stock traded as high as $7.48 and last traded at $7.40, with a volume of 93,604 shares. The stock had previously closed at $7.13.
Separately, Zacks Investment Research upgraded shares of Tesco Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, April 19th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $9.06.
The company’s market capitalization is $285.11 million. The firm has a 50 day moving average of $6.62 and a 200-day moving average of $7.35.
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 consensus estimate of ($0.35) by $0.11. The firm earned $35.50 million during the quarter, compared to the consensus estimate of $42.86 million. During the same period last year, the company earned ($0.08) earnings per share. The company’s revenue for the quarter was down 61.3% compared to the same quarter last year. On average, analysts forecast that Tesco Corp. will post ($1.58) EPS 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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