The stock of Tesco Corporation (USA) (NASDAQ:TESO) is a huge mover today! The stock increased 3.82% or $0.3 during the last trading session, hitting $8.16. About 274,657 shares traded hands or 44.77% up from the average. Tesco Corporation (USA) (NASDAQ:TESO) has risen 22.43% since February 26, 2016 and is uptrending. It has outperformed by 12.01% the S&P500.
The move comes after 9 months positive chart setup for the $378.18 million company. It was reported on Oct, 1 by Barchart.com. We have $18.44 PT which if reached, will make NASDAQ:TESO worth $476.51 million more.
Analysts await Tesco Corporation (USA) (NASDAQ:TESO) to report earnings on November, 2. They expect $-0.39 EPS, down 21.88% or $0.07 from last year’s $-0.32 per share. After $-0.39 actual EPS reported by Tesco Corporation (USA) for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
Tesco Corporation (USA) (NASDAQ:TESO) Ratings Coverage
Out of 4 analysts covering Tesco Corporation (NASDAQ:TESO), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Tesco Corporation has been the topic of 5 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was downgraded by Zacks to “Hold” on Wednesday, August 12. The rating was upgraded by Guggenheim on Friday, August 7 to “Buy”. The firm earned “Outperform” rating on Thursday, November 5 by FBR Capital. The stock of Tesco Corporation (USA) (NASDAQ:TESO) has “Sector Perform” rating given on Wednesday, March 2 by iBERIA Capital Partners.
According to Zacks Investment Research, “Tesco Corporation is engaged in the designing, manufacturing and service delivery of technology-based solutions for the upstream energy industry. The Company’s product and service include equipment sales and services to drilling contractors and oil and gas operating companies. It operates in three segments, Top Drive, Tubular Services, and CASING DRILLING. Tesco Corporation is headquartered in Houston, Texas.”
Insitutional Activity: The institutional sentiment increased to 2.52 in 2016 Q2. Its up 0.70, from 1.82 in 2016Q1. The ratio improved, as 9 funds sold all Tesco Corporation (USA) shares owned while 18 reduced positions. 19 funds bought stakes while 49 increased positions. They now own 43.89 million shares or 19.57% more from 36.70 million shares in 2016Q1.
Tiaa Cref Limited Liability Co holds 0% or 144,874 shares in its portfolio. Utd Automobile Association holds 336,032 shares or 0.01% of its portfolio. Coe Management Ltd Liability Corp owns 30,000 shares or 0% of their US portfolio. Barclays Pcl holds 0% or 60,663 shares in its portfolio. Schwab Charles Mngmt holds 278,680 shares or 0% of its portfolio. Ls Inv Advisors Ltd Liability Com last reported 1,651 shares in the company. Citadel Advsr Limited Liability Company has 16,360 shares for 0% of their US portfolio. Numeric Investors Limited Liability Com has 95,700 shares for 0.01% of their US portfolio. Moreover, Northern Trust Corporation has 0% invested in Tesco Corporation (USA) (NASDAQ:TESO) for 460,554 shares. Blackrock Institutional Trust Na last reported 1.03M shares in the company. Moreover, Texas Permanent School Fund has 0% invested in Tesco Corporation (USA) (NASDAQ:TESO) for 35,379 shares. The New York-based Tower Capital Limited Liability (Trc) has invested 0% in Tesco Corporation (USA) (NASDAQ:TESO). The New York-based Indexiq Advisors Ltd Liability has invested 0% in Tesco Corporation (USA) (NASDAQ:TESO). Clearbridge Investments Limited has invested 0% of its portfolio in Tesco Corporation (USA) (NASDAQ:TESO). Royal National Bank & Trust Of Canada owns 1,661 shares or 0% of their US portfolio.
More news for Tesco Corporation (USA) (NASDAQ:TESO) were recently published by: 247Wallst.com, which released: “Three Less Obvious Opportunities In Response To Brexit” on June 27, 2016. Theguardian.com‘s article titled: “Now on sale at Tesco â€“ the £22m executive jet” and published on October 27, 2014 is yet another important article.
TESO Company Profile
Tesco Corporation, incorporated on December 1, 1993, is engaged in designing, assembly and service delivery of technology 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. The Firm operates through four divisions: Top Drives, Tubular Services, Research & Engineering, and Corporate and Other. The Company’s Top Drive segment includes top drive sales, top drive rentals and after-market sales and services. The Company’s Tubular Services segment includes its automated and conventional tubular services. The Company’s Research and Engineering segment includes its internal research and development activities related to its automated tubular services and top drive model development, as well as the Casing Drilling technology prior to the sale.
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