Tesco Corporation (NASDAQ:TESO) Rating Reiterated by Seaport Global Securities
Tesco Corporation (NASDAQ:TESO)‘s stock had its “neutral” rating restated by stock analysts at Seaport Global Securities in a report issued on Wednesday. Seaport Global Securities also issued estimates for Tesco Corporation’s Q3 2017 earnings at ($0.20) EPS, Q4 2017 earnings at ($0.17) EPS, FY2017 earnings at ($0.91) EPS, Q1 2018 earnings at ($0.16) EPS, Q2 2018 earnings at ($0.16) EPS, Q3 2018 earnings at ($0.15) EPS, Q4 2018 earnings at ($0.13) EPS, FY2018 earnings at ($0.60) EPS, Q1 2019 earnings at ($0.13) EPS, Q2 2019 earnings at ($0.10) EPS and FY2019 earnings at ($0.35) EPS.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised Tesco Corporation from a “hold” rating to a “buy” rating and set a $7.00 target price for the company in a report on Wednesday, May 10th. Cowen and Company decreased their target price on Tesco Corporation from $9.00 to $6.00 and set a “market perform” rating for the company in a report on Monday, June 5th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $7.00.
Shares of Tesco Corporation (NASDAQ TESO) opened at 4.05 on Wednesday. The stock’s market cap is $189.14 million. Tesco Corporation has a 52-week low of $3.70 and a 52-week high of $9.65. The stock’s 50 day moving average is $4.35 and its 200 day moving average is $6.28.
Tesco Corporation (NASDAQ:TESO) last issued its quarterly earnings results on Tuesday, August 8th. The oil and gas company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.24) by $0.01. The business had revenue of $40.10 million during the quarter, compared to analyst estimates of $41.01 million. Tesco Corporation had a negative return on equity of 18.21% and a negative net margin of 47.72%. Tesco Corporation’s revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.39) EPS. On average, equities analysts predict that Tesco Corporation will post ($0.93) EPS for the current fiscal year.
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Several large investors have recently added to or reduced their stakes in the company. Texas Permanent School Fund increased its stake in Tesco Corporation by 0.8% in the second quarter. Texas Permanent School Fund now owns 34,112 shares of the oil and gas company’s stock worth $152,000 after buying an additional 286 shares during the period. Louisiana State Employees Retirement System increased its stake in Tesco Corporation by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 19,000 shares of the oil and gas company’s stock worth $153,000 after buying an additional 300 shares during the period. Prudential Financial Inc. increased its stake in Tesco Corporation by 0.4% in the first quarter. Prudential Financial Inc. now owns 78,492 shares of the oil and gas company’s stock worth $632,000 after buying an additional 330 shares during the period. Arizona State Retirement System increased its stake in Tesco Corporation by 2.1% in the first quarter. Arizona State Retirement System now owns 24,370 shares of the oil and gas company’s stock worth $196,000 after buying an additional 500 shares during the period. Finally, Dalton Greiner Hartman Maher & Co. increased its stake in Tesco Corporation by 0.4% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 271,171 shares of the oil and gas company’s stock worth $2,183,000 after buying an additional 1,038 shares during the period. 95.66% of the stock is owned by hedge funds and other institutional investors.
Tesco Corporation Company Profile
Tesco Corporation is a provider of technology-based solutions for drilling, servicing and completion of wells for the upstream energy industry. The Company’s operations consist of top drives and automated pipe handling equipment sales and rentals; aftermarket sales and services, and tubular services, including related products and accessories sales.
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