TESCO CORPORATION: SALES & DOWN
TR. Tesco Corp. (NASDAQ:TESO) COO Fernando Rafael Assing sold 29,591 shares of the company's stock on the open market in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $17.93, for a total value of $530,566.63. Following the sale, the chief operating officer now directly owns 51,800 shares of the company's stock, valued at approximately $928,774. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Tesco Corp. (NASDAQ:TESO) traded up 3.93% on Tuesday, hitting $18.52. The stock had a trading volume of 226,081 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 $18.71 and a 200-day moving average of $18.62. The company has a market cap of $735.1 million and a P/E ratio of 19.58.
Tesco Corp. (NASDAQ:TESO) last announced its earnings results 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 $1.23 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on TESO shares. Analysts at Capital One Financial Corp. upgraded shares of Tesco Corp. from an "equal weight" rating to an "overweight" rating in a research note on Friday, March 14th. Separately, 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. Finally, 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. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company's stock. Tesco Corp. presently has an average rating of "Hold" and an average price target of $238.57.
Tesco Corporation (NASDAQ:TESO) is engaged in designing, manufacturing, and service delivery of technology based solutions for the upstream energy industry.
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LUKOIL - The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.
BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.
REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.
ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.