Tesco Corp. (TESO) Trading Up 3.8%
Tesco Corp. (NASDAQ:TESO)’s share price was up 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 changing hands. 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 report on Tuesday, April 19th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $9.06.
The company’s market cap is $275.89 million. The company has a 50-day moving average price of $6.67 and a 200 day moving average price of $7.40.
Tesco Corp. (NASDAQ:TESO) last announced its earnings results on Tuesday, August 9th. The company reported ($0.39) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.42) by $0.03. The company earned $33.60 million during the quarter, compared to analyst estimates of $32.48 million. The firm’s revenue for the quarter was down 54.9% compared to the same quarter last year. During the same quarter last year, the business earned ($0.21) EPS. Analysts anticipate that Tesco Corp. will post ($1.55) 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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