Tesco Corp. (NASDAQ:TESO) Director Gary L. Kott sold 15,432 shares of the business’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $7.06, for a total value of $108,949.92. Following the completion of the transaction, the director now directly owns 13,468 shares of the company’s stock, valued at $95,084.08. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Tesco Corp. (NASDAQ:TESO) opened at 7.35 on Thursday. Tesco Corp. has a 12 month low of $5.12 and a 12 month high of $9.77. The firm’s market capitalization is $341.06 million. The company’s 50-day moving average price is $7.68 and its 200 day moving average price is $7.27.

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

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

TESO has been the subject of several recent research reports. Zacks Investment Research raised Tesco Corp. from a “hold” rating to a “buy” rating and set a $8.25 price target for the company in a research report on Thursday, October 27th. HSBC reissued a “hold” rating on shares of Tesco Corp. in a research report on Monday, October 10th. Barclays PLC reissued a “buy” rating on shares of Tesco Corp. in a research report on Monday, September 26th. FBR & Co set a $9.00 price target on Tesco Corp. and gave the stock a “buy” rating in a research report on Wednesday, August 10th. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of Tesco Corp. in a research report on Friday, August 19th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $8.42.

Large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Tesco Corp. by 7.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,728,231 shares of the company’s stock valued at $18,252,000 after buying an additional 185,057 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Tesco Corp. by 19.4% in the second quarter. Ameriprise Financial Inc. now owns 225,800 shares of the company’s stock valued at $1,510,000 after buying an additional 36,764 shares during the period. Royce & Associates LP raised its stake in shares of 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 period. Swiss National Bank raised its stake in shares of Tesco Corp. by 30.9% in the second quarter. Swiss National Bank now owns 71,600 shares of the company’s stock valued at $479,000 after buying an additional 16,900 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of 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 period. 96.86% of the stock is currently owned by institutional investors and hedge funds.

Tesco Corp. Company Profile

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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