Should You Buy Tesco Corporation (NASDAQ:TESO) On Current Analyst Views?

Oceane Deschanel
Julho 16, 2017

Three analysts have provided estimates for Tesco Corporation's earnings, with estimates ranging from ($0.26) to ($0.23). During the same quarter in the prior year, the business earned ($0.46) earnings per share.

On average, analysts expect that Tesco Corporation will report full year earnings of ($0.91) per share for the current year, with EPS estimates ranging from ($0.95) to ($0.89).

11/30/2015 - Tesco Corporation was upgraded to "buy" by analysts at Guggenheim.

Tesco Corporation (NASDAQ:TESO) last issued its earnings results on Tuesday, May 9th. The analysts estimated EPS for the higher end at -0.2 and lower end at -0.22 while the year ago reported earnings per share was -0.23. The business had revenue of $36.70 million during the quarter, compared to analysts' expectations of $35.65 million. Tesco Corporation had a negative return on equity of 18.65% and a negative net margin of 55.00%. The firm's revenue was up 3.4% compared to the same quarter a year ago. In contrast to the year ago quarter EPS was at -0.2.

Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Tesco Corporation from a "buy" rating to a "hold" rating in a report on Saturday, May 13th. The fund owned 29,400 shares of the oil and gas company's stock after buying an additional 1,300 shares during the period. Seaport Global Securities now has a "Neutral" rating and a $6.00 price target on the stock. Finally, Cowen and Company reduced their price objective on Tesco Corporation from $9.00 to $6.00 and set a "market perform" rating for the company in a research report on Monday, June 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company's stock. The company presently has an average rating of "Hold" and an average target price of $7.00. Institutional investors and hedge funds own 95.27% of the company's stock.

08/28/2014 - Tesco Corporation was downgraded to "hold" by analysts at Deutsche Bank. Comerica Bank now owns 49,079 shares of the oil and gas company's stock worth $464,000 after buying an additional 2,477 shares in the last quarter.

11/13/2013 - Tesco Corporation was downgraded to " by analysts at HSBC. Can now owns 61,673 shares of the oil and gas company's stock worth $493,000 after buying an additional 4,420 shares during the period.

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Receive Tesco Corporation News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesco Corporation with MarketBeat.com's FREE daily email newsletter. FMR LLC now owns 6,904,121 shares of the oil and gas company's stock valued at $56,959,000 after buying an additional 672,978 shares during the last quarter.

11/06/2014 - Tesco Corporation was downgraded to " by analysts at Zacks. Thrivent Financial for Lutherans now owns 243,174 shares of the oil and gas company's stock worth $2,006,000 after buying an additional 1,670 shares in the last quarter. Can raised its stake in Tesco Corporation by 7.7% in the first quarter.

Other institutional investors have also bought and sold shares of the company.

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Shares of Tesco Corporation (TESO) opened at 3.95 on Friday. 256,583 shares of the company were exchanged. The stock has a 50 day moving average price of $4.61 and a 200 day moving average price of $7.17. The stock touched 52-week High of $9.65 on 01/13/17 and 52-week Low of $3.70 on 06/20/17. The stock's market capitalization is $193.89 million.

Tesco Corporation is a provider of technology-based solutions for drilling, servicing and completion of wells for the upstream energy industry. The Company's activities 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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