Tesco Corp. (NASDAQ:TESO) CEO Fernando Rafael Assing sold 3,333 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $7.15, for a total transaction of $23,830.95. Following the completion of the sale, the chief executive officer now directly owns 98,251 shares of the company’s stock, valued at $702,494.65. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Tesco Corp. (NASDAQ:TESO) opened at 7.50 on Wednesday. The stock’s 50 day moving average is $7.68 and its 200-day moving average is $7.27. Tesco Corp. has a 12-month low of $5.12 and a 12-month high of $9.77. The firm’s market cap is $348.02 million.

Tesco Corp. (NASDAQ:TESO) last posted its quarterly earnings data on Friday, November 4th. The company reported ($0.37) earnings per share for the quarter, meeting the consensus estimate of ($0.37). The firm earned $30.40 million during the quarter, compared to analysts’ expectations of $29.20 million. Tesco Corp. had a negative net margin of 115.95% and a negative return on equity of 18.80%. The company’s quarterly revenue was down 50.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.32) EPS. On average, analysts anticipate that Tesco Corp. will post ($1.56) EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Tesco Corp. (NASDAQ:TESO)

Several analysts recently commented on TESO shares. FBR & Co set a $9.00 target price on shares of Tesco Corp. and gave the company a “buy” rating in a research note on Wednesday, August 10th. Barclays PLC reissued a “buy” rating on shares of Tesco Corp. in a research note on Monday, September 26th. Zacks Investment Research raised shares of Tesco Corp. from a “hold” rating to a “buy” rating and set a $9.50 target price for the company in a research note on Wednesday, October 12th. HSBC reissued a “hold” rating on shares of Tesco Corp. in a research note on Monday, October 10th. Finally, Seaport Global Securities reissued a “neutral” rating on shares of Tesco Corp. in a research note on Friday, August 19th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $8.42.

A number of large investors have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its stake in Tesco Corp. by 0.5% in the first quarter. Wellington Management Group LLP now owns 5,490,036 shares of the company’s stock valued at $47,270,000 after buying an additional 29,257 shares during the last quarter. Prudential Financial Inc. boosted its stake in Tesco Corp. by 4.1% in the first quarter. Prudential Financial Inc. now owns 92,912 shares of the company’s stock valued at $800,000 after buying an additional 3,700 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Tesco Corp. by 15.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 278,680 shares of the company’s stock valued at $1,865,000 after buying an additional 37,270 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Tesco Corp. by 6.2% in the second quarter. Bank of New York Mellon Corp now owns 518,884 shares of the company’s stock valued at $3,472,000 after buying an additional 30,380 shares during the last quarter. Finally, Royce & Associates LP boosted its stake in Tesco Corp. by 12.3% in the second quarter. Royce & Associates LP now owns 911,296 shares of the company’s stock valued at $6,097,000 after buying an additional 100,000 shares during the last quarter. Hedge funds and other institutional investors own 96.86% of the company’s stock.

About Tesco Corp.

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.

5 Day Chart for NASDAQ:TESO

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