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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BLOOMBERG - While Europe as a whole gets more than a third of its gas from Russia, that share is lower in the U.K., which receives the bulk of its fuel from North Sea fields and Norway. Still, Moscow-based Gazprom PJSC was the second-biggest supplier to major industrial consumers in the U.K. last year, according to Britain’s energy regulator Ofgem.
FT - of the six LNG tankers that have made deliveries into the UK so far in 2018 three have carried cargoes originally from Russia, leading to questions about whether Moscow was gaining a foothold in the UK gas market after starting up the Yamal LNG facility in Siberia late last year.
REUTERS - So far this year, two Yamal cargoes unloaded at British terminals for domestic consumption, accounting for about a third of Britain’s 2018 LNG imports after typical supplier Qatar pre-sold the bulk of its winter output to Asia last year.
REUTERS - U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $60.77 a barrel at 0753 GMT, up 6 cents, or 0.1 percent, from their previous settlement. Brent crude futures LCOc1 were at $64.62 per barrel, down just 2 cents from their last close.