Texas Permanent School Fund increased its stake in shares of Tesco Corporation (NASDAQ:TESO) by 0.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,112 shares of the oil and gas company’s stock after buying an additional 286 shares during the period. Texas Permanent School Fund owned 0.07% of Tesco Corporation worth $152,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in TESO. Citadel Advisors LLC bought a new stake in shares of Tesco Corporation during the first quarter valued at about $108,000. OppenheimerFunds Inc. boosted its stake in shares of Tesco Corporation by 21.5% in the first quarter. OppenheimerFunds Inc. now owns 13,580 shares of the oil and gas company’s stock valued at $109,000 after buying an additional 2,404 shares during the last quarter. KCG Holdings Inc. bought a new stake in shares of Tesco Corporation during the first quarter valued at about $116,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Tesco Corporation during the first quarter valued at about $144,000. Finally, Louisiana State Employees Retirement System boosted its stake in shares of 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 valued at $153,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 91.12% of the company’s stock.

Tesco Corporation (NASDAQ TESO) opened at 4.30 on Thursday. The firm’s 50 day moving average price is $4.40 and its 200 day moving average price is $5.95. The stock’s market cap is $201.04 million. Tesco Corporation has a one year low of $3.70 and a one year high of $9.65.

Tesco Corporation (NASDAQ:TESO) last released its quarterly earnings data on Tuesday, August 8th. The oil and gas company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by $0.01. The business had revenue of $40.10 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business posted ($0.39) earnings per share. Equities analysts forecast that Tesco Corporation will post ($0.94) earnings per share for the current year.

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Several brokerages have recently issued reports on TESO. Zacks Investment Research cut Tesco Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Seaport Global Securities restated a “neutral” rating on shares of Tesco Corporation in a research note on Wednesday, August 9th. FBR & Co set a $7.00 price target on Tesco Corporation and gave the company a “buy” rating in a research note on Wednesday, August 16th. Finally, Cowen and Company cut their price target on Tesco Corporation from $9.00 to $6.00 and set a “market perform” rating on the stock in a research note on Monday, June 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $6.50.

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.

Institutional Ownership by Quarter for Tesco Corporation (NASDAQ:TESO)

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