Shares of Tesco Co. (NASDAQ:TESO) have been given a consensus recommendation of “Hold” by the seven analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $6.00.

A number of brokerages recently commented on TESO. B. Riley reaffirmed a “hold” rating on shares of Tesco in a research note on Friday, December 22nd. Goldman Sachs Group raised Tesco from a “neutral” rating to a “buy” rating in a research note on Monday, December 4th. Zacks Investment Research raised Tesco from a “sell” rating to a “hold” rating in a research note on Thursday, November 30th. Finally, Cowen set a $5.00 price target on Tesco and gave the stock a “hold” rating in a research note on Friday, October 6th.

Shares of Tesco (TESO) opened at $3.70 on Monday. Tesco has a 52 week low of $3.60 and a 52 week high of $9.65. The company has a market capitalization of $173.00, a price-to-earnings ratio of -2.94 and a beta of 1.17.

Tesco (NASDAQ:TESO) last announced its quarterly earnings results on Tuesday, November 7th. The oil and gas company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.01. Tesco had a negative return on equity of 16.27% and a negative net margin of 38.60%. The company had revenue of $40.50 million during the quarter, compared to analyst estimates of $43.24 million. During the same quarter last year, the firm posted ($0.37) earnings per share. The firm’s revenue was up 33.2% on a year-over-year basis. analysts predict that Tesco will post -0.94 earnings per share for the current fiscal year.

In related news, CEO Fernando Rafael Assing sold 7,146 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $4.20, for a total value of $30,013.20. Following the completion of the sale, the chief executive officer now owns 164,247 shares of the company’s stock, valued at $689,837.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 40,633 shares of company stock valued at $161,340 in the last ninety days. 1.70% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in TESO. Russell Investments Group Ltd. purchased a new position in Tesco during the second quarter valued at $221,000. Schwab Charles Investment Management Inc. lifted its position in Tesco by 13.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 494,506 shares of the oil and gas company’s stock valued at $2,201,000 after buying an additional 59,809 shares during the period. Rhumbline Advisers lifted its position in Tesco by 1.6% during the second quarter. Rhumbline Advisers now owns 93,642 shares of the oil and gas company’s stock valued at $417,000 after buying an additional 1,435 shares during the period. Bank of New York Mellon Corp lifted its position in Tesco by 7.1% during the second quarter. Bank of New York Mellon Corp now owns 643,469 shares of the oil and gas company’s stock valued at $2,864,000 after buying an additional 42,690 shares during the period. Finally, Legal & General Group Plc lifted its position in Tesco by 8.9% during the second quarter. Legal & General Group Plc now owns 85,977 shares of the oil and gas company’s stock valued at $382,000 after buying an additional 6,991 shares during the period. 87.10% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Tesco (NASDAQ:TESO)

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