Tesco Corp. (TESO) Trading Up 4.2%
Tesco Corp. (NASDAQ:TESO)’s share price was 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 traded. The stock had previously closed at $6.86.
Several equities analysts recently commented on TESO shares. FBR & Co set a $9.00 price target on shares of Tesco Corp. and gave the stock a “buy” rating in a research report on Wednesday, August 10th. Zacks Investment Research raised shares of Tesco Corp. from a “hold” rating to a “buy” rating and set a $7.25 price target for the company in a research report on Wednesday, July 20th. Finally, Seaport Global Securities reissued a “neutral” rating on shares of Tesco Corp. in a research report on Friday, August 19th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $8.56.
The firm’s market capitalization is $329.46 million. The stock has a 50 day moving average of $6.98 and a 200-day moving average of $7.51.
Tesco Corp. (NASDAQ:TESO) last announced its earnings results on Tuesday, August 9th. The company reported ($0.39) EPS for the quarter, topping the consensus estimate of ($0.42) by $0.03. The firm earned $33.60 million during the quarter, compared to analyst estimates of $32.48 million. The business’s quarterly revenue was down 54.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.21) earnings per share. On average, equities research 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.