Insider Selling: Tesco Co. (TESO) CFO Sells 3,036 Shares of Stock
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.
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.
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