Tesco Co. (NASDAQ:TESO) CEO Fernando Rafael Assing sold 3,278 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $4.05, for a total transaction of $13,275.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Fernando Rafael Assing also recently made the following trade(s):

  • On Tuesday, December 5th, Fernando Rafael Assing sold 7,146 shares of Tesco stock. The shares were sold at an average price of $4.20, for a total transaction of $30,013.20.
  • On Thursday, November 2nd, Fernando Rafael Assing sold 9,293 shares of Tesco stock. The shares were sold at an average price of $3.80, for a total transaction of $35,313.40.

Tesco Co. (NASDAQ TESO) traded down $0.25 during mid-day trading on Thursday, reaching $3.70. 15,653,786 shares of the company’s stock traded hands, compared to its average volume of 484,307. Tesco Co. has a fifty-two week low of $3.60 and a fifty-two week high of $9.65.

Tesco (NASDAQ:TESO) last released its quarterly earnings data on Tuesday, November 7th. The oil and gas company reported ($0.20) EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $40.50 million during the quarter, compared to analyst estimates of $43.24 million. During the same quarter last year, the business earned ($0.37) earnings per share. Tesco’s quarterly revenue was up 33.2% compared to the same quarter last year. equities research analysts forecast that Tesco Co. will post -0.94 EPS for the current fiscal year.

Several research firms recently weighed in on TESO. Cowen set a $5.00 target price on shares of Tesco and gave the company a “hold” rating in a research note on Friday, October 6th. Zacks Investment Research raised shares of Tesco from a “sell” rating to a “hold” rating in a research note on Thursday, November 30th. B. Riley reaffirmed a “buy” rating on shares of Tesco in a research note on Wednesday, November 1st. Goldman Sachs Group raised shares of Tesco from a “neutral” rating to a “buy” rating in a research note on Monday, December 4th. Finally, ValuEngine lowered shares of Tesco from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, three 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 $6.00.

A number of hedge funds have recently added to or reduced their stakes in the business. GSA Capital Partners LLP lifted its position in Tesco by 237.6% during the third quarter. GSA Capital Partners LLP now owns 188,300 shares of the oil and gas company’s stock valued at $1,026,000 after purchasing an additional 132,531 shares during the last quarter. California Public Employees Retirement System lifted its position in Tesco by 33.0% during the third quarter. California Public Employees Retirement System now owns 132,351 shares of the oil and gas company’s stock valued at $721,000 after purchasing an additional 32,851 shares during the last quarter. Virtu Financial LLC bought a new position in Tesco during the third quarter valued at $166,000. Dimensional Fund Advisors LP lifted its position in Tesco by 2.0% during the third 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. Finally, Schwab Charles Investment Management Inc. lifted its position in Tesco by 17.9% during the third quarter. Schwab Charles Investment Management Inc. now owns 583,192 shares of the oil and gas company’s stock valued at $3,179,000 after purchasing an additional 88,686 shares during the last quarter. Institutional investors and hedge funds own 87.10% of the company’s stock.

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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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