Tesco Co. (TESO) CEO Sells $30,013.20 in Stock
Tesco Co. (NASDAQ:TESO) CEO Fernando Rafael Assing sold 7,146 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $4.20, for a total transaction of $30,013.20. Following the transaction, the chief executive officer now owns 164,247 shares in the company, valued at approximately $689,837.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Fernando Rafael Assing also recently made the following trade(s):
- On Thursday, November 2nd, Fernando Rafael Assing sold 9,293 shares of Tesco stock. The stock was sold at an average price of $3.80, for a total transaction of $35,313.40.
Tesco Co. (NASDAQ TESO) traded down $0.20 during trading hours on Wednesday, reaching $3.95. 240,100 shares of the company were exchanged, compared to its average volume of 419,008. Tesco Co. has a 1-year low of $3.60 and a 1-year high of $9.65.
Tesco (NASDAQ:TESO) last posted its earnings results on Tuesday, November 7th. The oil and gas company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.01. Tesco had a negative net margin of 38.60% and a negative return on equity of 16.27%. The business had revenue of $40.50 million for the quarter, compared to analyst estimates of $43.24 million. During the same period last year, the business posted ($0.37) EPS. Tesco’s revenue was up 33.2% compared to the same quarter last year. equities analysts anticipate that Tesco Co. will post -0.92 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of the stock. GSA Capital Partners LLP grew its stake in Tesco by 237.6% in the 3rd quarter. GSA Capital Partners LLP now owns 188,300 shares of the oil and gas company’s stock valued at $1,026,000 after buying an additional 132,531 shares during the last quarter. California Public Employees Retirement System boosted its holdings in Tesco by 33.0% in the 3rd quarter. California Public Employees Retirement System now owns 132,351 shares of the oil and gas company’s stock valued at $721,000 after purchasing an additional 32,851 shares during the period. Virtu Financial LLC bought a new stake in Tesco in the 3rd quarter valued at $166,000. Dimensional Fund Advisors LP boosted its holdings in Tesco by 2.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,054,392 shares of the oil and gas company’s stock valued at $16,647,000 after purchasing an additional 61,353 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Tesco by 17.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 583,192 shares of the oil and gas company’s stock valued at $3,179,000 after purchasing an additional 88,686 shares during the period. Institutional investors and hedge funds own 87.10% of the company’s stock.
Several brokerages have recently commented on TESO. Cowen set a $5.00 price target on shares of Tesco and gave the stock a “hold” rating in a research note on Friday, October 6th. Zacks Investment Research upgraded shares of Tesco from a “sell” rating to a “hold” rating in a research note on Thursday, November 30th. B. Riley restated a “buy” rating on shares of Tesco in a research note on Wednesday, November 1st. Goldman Sachs Group upgraded shares of Tesco from a “neutral” rating to a “buy” rating in a research note on Monday. Finally, ValuEngine lowered shares of Tesco from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $6.00.
ILLEGAL ACTIVITY NOTICE: “Tesco Co. (TESO) CEO Sells $30,013.20 in Stock” was published by Watch List News and is the property of of Watch List News. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.watchlistnews.com/tesco-co-teso-ceo-sells-30013-20-in-stock/1748174.html.
Tesco 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.
Receive News & Ratings for Tesco Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesco Co. and related companies with Analyst Ratings Network's FREE daily email newsletter.