Tesco Corp. (TESO) Trading Up 4.2%
Tesco Corp. (NASDAQ:TESO) shares were up 4.2% during trading on Friday . The stock traded as high as $7.27 and last traded at $7.15, with a volume of 83,305 shares. The stock had previously closed at $6.86.
Several research analysts have recently issued reports on the stock. FBR & Co set a $9.00 target price on shares of Tesco Corp. and gave the stock a “buy” rating in a report on Wednesday, August 10th. Zacks Investment Research upgraded shares of Tesco Corp. from a “hold” rating to a “buy” rating and set a $7.25 target price on the stock in a report on Wednesday, July 20th. Finally, Seaport Global Securities restated a “neutral” rating on shares of Tesco Corp. in a report on Friday, August 19th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Tesco Corp. presently has an average rating of “Buy” and a consensus price target of $8.56.
The stock has a 50-day moving average of $6.97 and a 200 day moving average of $7.51. The stock’s market cap is $329.46 million.
Tesco Corp. (NASDAQ:TESO) last posted its quarterly earnings results on Tuesday, August 9th. The company reported ($0.39) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.42) by $0.03. The business earned $33.60 million during the quarter, compared to the consensus estimate of $32.48 million. During the same quarter in the previous year, the company earned ($0.21) earnings per share. The company’s revenue for the quarter was down 54.9% compared to the same quarter last year. On average, equities analysts forecast that Tesco Corp. will post ($1.53) 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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