TESCO: CEO SELLS - 2
TESCO CORP. Tesco Corp. (NASDAQ:TESO) CEO Julio M. Quintana unloaded 67,741 shares of the stock on the open market in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $17.01, for a total value of $1,152,274.41. Following the sale, the chief executive officer now directly owns 216,031 shares of the company's stock, valued at approximately $3,674,687. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Tesco Corp. (NASDAQ:TESO) traded up 0.35% on Thursday, hitting $17.01. The stock had a trading volume of 129,257 shares. Tesco Corp. has a 1-year low of $11.05 and a 1-year high of $21.55. The stock has a 50-day moving average of $20.11 and a 200-day moving average of $18.41. The company has a market cap of $675.1 million and a price-to-earnings ratio of 18.63.
Tesco Corp. (NASDAQ:TESO) last released its earnings data on Friday, February 28th. The company reported $0.14 earnings per share for the quarter, missing the analysts' consensus estimate of $0.30 by $0.16. Analysts expect that Tesco Corp. will post $1.24 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at FBR Capital Markets raised their price target on shares of Tesco Corp. from $22.00 to $27.00 in a research note on Tuesday, February 25th. They now have an "outperform" rating on the stock. Separately, analysts at Zacks downgraded shares of Tesco Corp. from an "outperform" rating to a "neutral" rating in a research note on Wednesday, January 8th. They now have a $21.30 price target on the stock. Finally, analysts at Iberia Capital initiated coverage on shares of Tesco Corp. in a research note on Friday, December 20th. They set an "outperform" rating on the stock. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of "Hold" and a consensus price target of $238.57.
TESCO CORPORATION 4th Quarter and Full Year 2013 results.
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WNN - Asia needs nuclear energy to meet its economic, energy and environmental goals, but such plans are still in the development phase in the South East region of the continent, Agneta Rising, director general of World Nuclear Association, said.
NPD - Preliminary production figures for February 2018 show an average daily production of 1 944 000 barrels of oil, NGL and condensate, which is a decrease of 83 000 barrels per day compared to January.
AOG - China National Petroleum Corporation (CNPC), the world’s third largest oil company, has been awarded stakes in two of Abu Dhabi’s offshore concession areas following the signing of agreements with Abu Dhabi National Oil Company (ADNOC).
REUTERS - U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $63.69 a barrel at 0744 GMT, up 15 cents, or 0.2 percent, from their previous close. Brent crude futures LCOc1 were at $67.56 per barrel, up 14 cents, or 0.2 percent.