Tesco Co. (NASDAQ:TESO) CFO Christopher L. Boone sold 3,036 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $4.20, for a total transaction of $12,751.20. Following the completion of the sale, the chief financial officer now owns 41,159 shares in the company, valued at $172,867.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of Tesco Co. (NASDAQ TESO) traded down $0.20 during trading on Wednesday, hitting $3.95. 240,100 shares of the stock traded hands, compared to its average volume of 419,008. Tesco Co. has a 1-year low of $3.60 and a 1-year high of $9.65.

Tesco (NASDAQ:TESO) last announced its quarterly earnings results on Tuesday, November 7th. The oil and gas company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.01. Tesco had a negative net margin of 38.60% and a negative return on equity of 16.27%. The firm had revenue of $40.50 million during the quarter, compared to the consensus estimate of $43.24 million. During the same period last year, the firm posted ($0.37) EPS. The firm’s quarterly revenue was up 33.2% on a year-over-year basis. analysts anticipate that Tesco Co. will post -0.92 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the stock. FMR LLC lifted its holdings in Tesco by 9.8% during the 2nd quarter. FMR LLC now owns 7,008,221 shares of the oil and gas company’s stock valued at $31,187,000 after purchasing an additional 624,404 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Tesco by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 4,143,095 shares of the oil and gas company’s stock valued at $33,352,000 after purchasing an additional 72,918 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Tesco by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,054,392 shares of the oil and gas company’s stock valued at $16,647,000 after purchasing an additional 61,353 shares during the last quarter. State Street Corp lifted its holdings in Tesco by 3.6% during the 2nd quarter. State Street Corp now owns 1,061,705 shares of the oil and gas company’s stock valued at $4,723,000 after purchasing an additional 37,244 shares during the last quarter. Finally, Royce & Associates LP lifted its holdings in Tesco by 32.5% during the 2nd quarter. Royce & Associates LP now owns 877,196 shares of the oil and gas company’s stock valued at $3,904,000 after purchasing an additional 215,400 shares during the last quarter. 87.10% of the stock is owned by hedge funds and other institutional investors.

Several analysts have issued reports on TESO shares. Goldman Sachs Group upgraded shares of Tesco from a “neutral” rating to a “buy” rating in a research report on Monday. Zacks Investment Research upgraded shares of Tesco from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. ValuEngine lowered shares of Tesco from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Cowen set a $5.00 target price on shares of Tesco and gave the company a “hold” rating in a research report on Friday, October 6th. Finally, FBR & Co set a $7.00 target price on shares of Tesco and gave the company a “buy” rating in a research report on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average 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.

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

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