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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PLATTS - Asia is a growing market for Russian energy, including LNG, and a potential source of investment for the world's largest producer of resources and minerals. The Kremlin has increasingly looked to build its presence in the Asian region following the imposition of tough sanctions by the US on Russia.
REUTERS - “The Saudis are very angry at Trump. They don’t trust him any more and feel very strongly about a cut. They had no heads-up about the waivers,” said one senior source briefed on Saudi energy policies.
PLATTS - "It is obvious that we need to cooperate with Saudi Arabia, and we are going to cooperate with Saudi Arabia. OPEC plus has been very positive, and we see that in the market situation," Putin told reporters in Singapore during a briefing broadcast on Russia 24.
U.S. OFR - The U.S. Office of Financial Research (OFR) released its 2018 Annual Report to Congress, stating that risks to U.S. financial stability remain in the medium range, reflecting a mix of high, moderate, and low risks to the financial system.