TESCO CORP. Capital One Financial Corp. upgraded shares of Tesco Corp. (NASDAQ:TESO) from an equal weight rating to an overweight rating in a research report sent to investors on Friday morning.
Other equities research analysts have also recently issued reports about 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 analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $238.57.
Shares of Tesco Corp. (NASDAQ:TESO) traded up 0.17% during mid-day trading on Friday, hitting $17.28. 150,409 shares of the company's stock traded hands. Tesco Corp. has a 52-week low of $11.05 and a 52-week high of $21.55. The stock's 50-day moving average is $19.88 and its 200-day moving average is $18.43. The company has a market cap of $685.8 million and a price-to-earnings ratio of 18.96.
Tesco Corp. (NASDAQ:TESO) last issued its quarterly earnings data on Friday, February 28th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.16. On average, analysts predict that Tesco Corp. will post $1.24 earnings per share for the current fiscal year.
In other Tesco Corp. news, CEO Julio Quintana unloaded 12,252 shares of the company's stock on the open market in a transaction dated Thursday, March 13th. The shares were sold at an average price of $17.00, for a total transaction of $208,284.00. Following the sale, the chief executive officer now directly owns 216,031 shares in the company, valued at approximately $3,672,527.
TESCO CORPORATION 4th Quarter and Full Year 2013 results.
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AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.
TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.
ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.
FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.