Tesco Corp. (TESO) Trading 4.4% Higher
Tesco Corp. (NASDAQ:TESO) traded up 4.4% during trading on Tuesday . The company traded as high as $6.95 and last traded at $6.81, with a volume of 266,560 shares traded. The stock had previously closed at $6.52.
Separately, Zacks Investment Research raised shares of Tesco Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th. One 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’s stock. The stock has an average rating of “Buy” and a consensus price target of $10.05.
The firm’s market cap is $267.44 million. The firm has a 50-day moving average of $6.68 and a 200 day moving average of $7.34.
Tesco Corp. (NASDAQ:TESO) last announced its quarterly earnings results 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. During the same period in the previous year, the firm earned ($0.08) earnings per share. The firm had revenue of $35.50 million for the quarter, compared to analysts’ expectations of $42.86 million. The business’s revenue for the quarter was down 61.3% on a year-over-year basis. On average, equities analysts forecast that Tesco Corp. will post ($1.58) earnings per share for the current fiscal year.
An institutional investor recently raised its position in Tesco Corp. stock. Dimensional Fund Advisors LP raised its stake in Tesco Corp. (NASDAQ:TESO) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,300,177 shares of the company’s stock after buying an additional 25,710 shares during the period. Dimensional Fund Advisors LP owned approximately 5.90% of Tesco Corp. worth $16,653,000 at the end of the most recent quarter.
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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