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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AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.
REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.
IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.
IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.