Tesco Co. (NASDAQ:TESO) COO John Terrell Gatlin sold 2,928 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $3.75, for a total transaction of $10,980.00. Following the transaction, the chief operating officer now directly owns 10,000 shares of the company’s stock, valued at approximately $37,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Tesco Co. (NASDAQ TESO) opened at $4.35 on Tuesday. Tesco Co. has a 1-year low of $3.60 and a 1-year high of $9.65.
Tesco (NASDAQ:TESO) last announced its earnings results on Tuesday, November 7th. The oil and gas company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.01. The business had revenue of $40.50 million for the quarter, compared to analysts’ expectations of $43.24 million. Tesco had a negative net margin of 38.60% and a negative return on equity of 16.27%. The company’s quarterly revenue was up 33.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.37) EPS. equities analysts anticipate that Tesco Co. will post -0.92 earnings per share for the current year.
Large investors have recently bought and sold shares of the stock. Virginia Retirement Systems ET AL acquired a new position in shares of Tesco during the 2nd quarter worth $105,000. OppenheimerFunds Inc. raised its stake in shares of Tesco by 21.5% during the 1st quarter. OppenheimerFunds Inc. now owns 13,580 shares of the oil and gas company’s stock worth $109,000 after buying an additional 2,404 shares during the last quarter. Voya Investment Management LLC raised its stake in Tesco by 25.9% in the 2nd quarter. Voya Investment Management LLC now owns 24,546 shares of the oil and gas company’s stock valued at $109,000 after purchasing an additional 5,046 shares during the last quarter. KCG Holdings Inc. acquired a new position in Tesco in the 1st quarter valued at about $116,000. Finally, Susquehanna International Group LLP acquired a new position in Tesco in the 2nd quarter valued at about $128,000. Hedge funds and other institutional investors own 87.10% of the company’s stock.
Several analysts recently weighed in on the stock. B. Riley reaffirmed a “buy” rating on shares of Tesco in a report on Wednesday, November 1st. Zacks Investment Research cut shares of Tesco from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Tesco in a report on Wednesday, August 9th. FBR & Co set a $7.00 target price on shares of Tesco and gave the company a “buy” rating in a report on Wednesday, August 16th. Finally, Cowen set a $5.00 price objective on shares of Tesco and gave the stock a “hold” rating in a report on Friday, October 6th. Two research 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 stock currently has a consensus rating of “Hold” and a consensus target price of $6.00.
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Tesco 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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