Dimensional Fund Advisors LP boosted its stake in shares of Tesco Corporation (NASDAQ:TESO) by 4.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,729,879 shares of the oil and gas company’s stock after buying an additional 105,965 shares during the period. Dimensional Fund Advisors LP owned about 0.06% of Tesco Corporation worth $21,975,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. State Street Corp increased its stake in shares of Tesco Corporation by 17.8% in the fourth quarter. State Street Corp now owns 922,035 shares of the oil and gas company’s stock valued at $7,607,000 after buying an additional 139,320 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Tesco Corporation by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 19,000 shares of the oil and gas company’s stock valued at $153,000 after buying an additional 300 shares in the last quarter. Dalton Greiner Hartman Maher & Co. increased its stake in shares of Tesco Corporation by 0.4% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 271,171 shares of the oil and gas company’s stock valued at $2,183,000 after buying an additional 1,038 shares in the last quarter. Granite Investment Partners LLC increased its stake in shares of Tesco Corporation by 25.5% in the first quarter. Granite Investment Partners LLC now owns 191,871 shares of the oil and gas company’s stock valued at $1,544,000 after buying an additional 38,976 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in shares of 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 valued at $493,000 after buying an additional 4,420 shares in the last quarter. Institutional investors own 95.66% of the company’s stock.

Tesco Corporation (NASDAQ:TESO) opened at 3.95 on Thursday. The firm’s market cap is $184.47 million. The company’s 50-day moving average is $4.35 and its 200 day moving average is $6.30. Tesco Corporation has a 12 month low of $3.70 and a 12 month high of $9.65.

Tesco Corporation (NASDAQ:TESO) last released its quarterly earnings data 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. The business had revenue of $40.10 million during the quarter, compared to analyst estimates of $41.01 million. Tesco Corporation had a negative net margin of 47.72% and a negative return on equity of 18.21%. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period last year, the business earned ($0.39) earnings per share. Equities research analysts expect that Tesco Corporation will post ($0.93) EPS for the current fiscal year.

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Several equities research analysts have recently commented on TESO shares. Zacks Investment Research upgraded shares of Tesco Corporation from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a research note on Wednesday, May 10th. Seaport Global Securities reduced their target price on shares of Tesco Corporation from $9.00 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 10th. Finally, Cowen and Company reduced their target price on shares of Tesco Corporation from $9.00 to $6.00 and set a “market perform” rating on the stock in a research note on Monday, June 5th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $7.00.

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.

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

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