Rhumbline Advisers boosted its position in Tesco Corporation (NASDAQ:TESO) by 1.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 93,642 shares of the oil and gas company’s stock after purchasing an additional 1,435 shares during the quarter. Rhumbline Advisers owned approximately 0.20% of Tesco Corporation worth $417,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TESO. Great West Life Assurance Co. Can raised its holdings in Tesco Corporation by 7.7% in the first quarter. Great West Life Assurance Co. Can now owns 61,673 shares of the oil and gas company’s stock worth $493,000 after purchasing an additional 4,420 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Tesco Corporation by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 600,779 shares of the oil and gas company’s stock worth $4,837,000 after purchasing an additional 15,259 shares in the last quarter. Comerica Bank raised its holdings in Tesco Corporation by 4.8% in the first quarter. Comerica Bank now owns 51,436 shares of the oil and gas company’s stock worth $347,000 after purchasing an additional 2,357 shares in the last quarter. Swiss National Bank raised its holdings in Tesco Corporation by 6.7% in the first quarter. Swiss National Bank now owns 76,400 shares of the oil and gas company’s stock worth $615,000 after purchasing an additional 4,800 shares in the last quarter. Finally, Karp Capital Management Corp bought a new position in Tesco Corporation in the first quarter worth about $266,000. Institutional investors and hedge funds own 91.12% of the company’s stock.

A number of equities analysts have commented on the stock. Cowen and Company set a $5.00 target price on shares of Tesco Corporation and gave the stock a “hold” rating in a report on Friday. Zacks Investment Research upgraded shares of Tesco Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 15th. ValuEngine downgraded shares of Tesco Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. FBR & Co set a $7.00 target price on shares of Tesco Corporation and gave the stock a “buy” rating in a report on Wednesday, August 16th. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of Tesco Corporation in a report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Tesco Corporation presently has a consensus rating of “Hold” and a consensus price target of $6.00.

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Tesco Corporation (NASDAQ:TESO) opened at 5.15 on Friday. Tesco Corporation has a 12-month low of $3.70 and a 12-month high of $9.65. The stock’s 50 day moving average is $4.89 and its 200 day moving average is $5.24. The firm’s market cap is $240.78 million.

Tesco Corporation (NASDAQ:TESO) last issued its earnings results on Tuesday, August 8th. The oil and gas company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.01). Tesco Corporation had a negative return on equity of 18.21% and a negative net margin of 47.72%. The business had revenue of $40.10 million for the quarter, compared to analyst estimates of $41.01 million. During the same period last year, the business posted ($0.39) EPS. Tesco Corporation’s revenue was up 19.3% on a year-over-year basis. On average, equities research analysts expect that Tesco Corporation will post ($0.94) EPS for the current year.

Tesco Corporation Company Profile

Tesco Corporation is a provider of technology-based solutions for drilling, servicing and completion of wells for the upstream energy industry. The Company’s operations consist of top drives and automated pipe handling equipment sales and rentals; aftermarket sales and services, and tubular services, including related products and accessories sales.

Institutional Ownership by Quarter for Tesco Corporation (NASDAQ:TESO)

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