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. Its segments include Products, Tubular Services, Research and Engineering, and Corporate and Other. The Products segment includes top drives and automated pipe handling equipment sales, rentals and aftermarket sales and services. The Tubular Services segment includes onshore and offshore tubular services and sales of related products and accessories. The Research and Engineering segment includes internal research, engineering, and development activities related to its products and tubular services. The Corporate and Other segment includes executive management and various global support and compliance functions.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Oil Related Equipment
- Sub-Industry: Oil & Gas Equipment & Services
- Symbol: NASDAQ:TESO
- CUSIP: 88157K10
- Web: www.tescocorp.com
- Market Cap: $245.46 million
- Outstanding Shares: 46,754,000
- 50 Day Moving Avg: $4.48
- 200 Day Moving Avg: $5.44
- 52 Week Range: $3.70 - $9.65
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -9.55
- P/E Growth: -0.090
- Annual Revenue: $142.59 million
- Price / Sales: 1.72
- Book Value: $6.13 per share
- Price / Book: 0.86
- EBIDTA: ($34,720,000.00)
- Net Margins: -47.72%
- Return on Equity: -18.21%
- Return on Assets: -16.32%
- Current Ratio: 5.86%
- Quick Ratio: 3.78%
- Average Volume: 648,616 shs.
- Beta: 1.25
- Short Ratio: 10.82
Frequently Asked Questions for Tesco Corporation (NASDAQ:TESO)
What is Tesco Corporation's stock symbol?
Tesco Corporation trades on the NASDAQ under the ticker symbol "TESO."
How were Tesco Corporation's earnings last quarter?
Tesco Corporation (NASDAQ:TESO) issued its quarterly earnings data on Tuesday, August, 8th. The company reported ($0.25) EPS for the quarter, missing the Zacks' consensus estimate of ($0.24) by $0.01. The company had revenue of $40.10 million for 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 revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.39) EPS. View Tesco Corporation's Earnings History.
When will Tesco Corporation make its next earnings announcement?
Where is Tesco Corporation's stock going? Where will Tesco Corporation's stock price be in 2017?
6 brokerages have issued 12 month price targets for Tesco Corporation's stock. Their forecasts range from $6.00 to $7.00. On average, they expect Tesco Corporation's stock price to reach $6.33 in the next twelve months. View Analyst Ratings for Tesco Corporation.
Who are some of Tesco Corporation's key competitors?
Some companies that are related to Tesco Corporation include Ferrellgas Partners, L.P. (FGP), Denbury Resources (DNR), Dorchester Minerals, L.P. (DMLP), Vivint Solar (VSLR), Midstates Petroleum (MPO), Basic Energy Services (BAS), California Resources Corporation (CRC), Enviva Partners, LP (EVA), Premier Oil PLC (PMOIY), Azure Power Global (AZRE), Matrix Service Company (MTRX), Sanchez Energy Corporation (SN), W&T Offshore (WTI), JA Solar Holdings, Co. (JASO), San Juan Basin Royalty Trust (SJT), Foresight Energy LP (FELP), Energy XXI Gulf Coast (EXXI) and Natural Gas Services Group (NGS).
Who are Tesco Corporation's key executives?
Tesco Corporation's management team includes the folowing people:
- Michael W. Sutherlin, Independent Chairman of the Board
- Fernando Rafael Assing, President, Chief Executive Officer, Director
- Christopher L. Boone, Chief Financial Officer, Senior Vice President
- John Terrell Gatlin, Chief Operating Officer, Senior Vice President
- Darko Ulakovic, Vice President - Products Manufacturing, General Manager - TESCO Manufacturing Facility
- Douglas R. Ramsay, Director
- John P. Dielwart, Independent Director
- Frederick J. Dyment CPA, Independent Director
- Gary L. Kott, Independent Director
- Raymond Vance Milligan, Independent Director
Who owns Tesco Corporation stock?
Tesco Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include FMR LLC (15.00%), Dimensional Fund Advisors LP (6.41%), Vanguard Group Inc. (6.23%), State Street Corp (2.27%), Balyasny Asset Management LLC (2.23%) and Royce & Associates LP (1.88%). Company insiders that own Tesco Corporation stock include Christopher L Boone, Darko Ulakovic, Douglas Christian Greening, Douglas Greening, Fernando Rafael Assing, Fred J Dyment, Gary L Kott, John Dielwart, Michael Irausquin, Michael James Niedermaier, Michael W Sutherlin, Mihial Dean Ferris, Nicholas Mawford, R Vance Milligan, Roy Evan Mcniven, Thomas B Sloan and Thomas B Sloan Jr. View Institutional Ownership Trends for Tesco Corporation.
Who sold Tesco Corporation stock? Who is selling Tesco Corporation stock?
Tesco Corporation's stock was sold by a variety of institutional investors in the last quarter, including Balyasny Asset Management LLC, Vanguard Group Inc., Wells Fargo & Company MN, California Public Employees Retirement System, Granite Investment Partners LLC, California State Teachers Retirement System, Public Sector Pension investment Board and Teachers Advisors LLC. Company insiders that have sold Tesco Corporation stock in the last year include Christopher L Boone, Douglas Greening, Fernando Rafael Assing, Fred J Dyment, Gary L Kott, John Dielwart, Michael Irausquin, Nicholas Mawford, Thomas B Sloan and Thomas B Sloan Jr. View Insider Buying and Selling for Tesco Corporation.
Who bought Tesco Corporation stock? Who is buying Tesco Corporation stock?
Tesco Corporation's stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Tocqueville Asset Management L.P., Dimensional Fund Advisors LP, Foundry Partners LLC, Royce & Associates LP, Northern Trust Corp, Thrivent Financial For Lutherans and Public Employees Retirement Association of Colorado. Company insiders that have bought Tesco Corporation stock in the last two years include Fernando Rafael Assing, Michael W Sutherlin, R Vance Milligan, Roy Evan Mcniven and Thomas B Sloan. View Insider Buying and Selling for Tesco Corporation.
How do I buy Tesco Corporation stock?
Shares of Tesco Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Tesco Corporation's stock price today?
MarketBeat Community Rating for Tesco Corporation (NASDAQ TESO)MarketBeat's community ratings are surveys of what our community members think about Tesco Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Tesco Corporation stock can currently be purchased for approximately $5.25.
Consensus Ratings for Tesco Corporation (NASDAQ:TESO) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 2 Hold Ratings, 3 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.33)|
|Consensus Price Target: ||$6.33 (20.63% upside)|
Analysts' Ratings History for Tesco Corporation (NASDAQ:TESO)
(Data available from 9/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/16/2017||FBR & Co||Set Price Target||Buy||$9.00 -> $7.00||High|
|8/9/2017||Seaport Global Securities||Reiterated Rating||Neutral||Medium|
|6/5/2017||Cowen and Company||Lower Price Target||Market Perform -> Market Perform||$9.00 -> $6.00||High|
|12/22/2016||Bank of America Corporation||Initiated Coverage||Underperform||N/A|
|11/17/2016||HSBC Holdings plc||Upgrade||Buy||N/A|
|9/26/2016||Barclays PLC||Reiterated Rating||Buy||N/A|
|3/2/2016||Iberia Capital||Lower Price Target||Sector Perform||$9.00 -> $8.00||N/A|
|12/1/2015||Guggenheim||Upgrade||Neutral -> Buy||N/A|
Earnings History for Tesco Corporation (NASDAQ:TESO)Earnings History by Quarter for Tesco Corporation (NASDAQ TESO)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/8/2017||Q2 2017||($0.24)||($0.25)||$41.01 million||$40.10 million||View||Listen|
|5/9/2017||Q1 2017||($0.29)||($0.29)||$35.65 million||$36.70 million||View||Listen|
|2/28/2017||Q416||($0.35)||($0.28)||$30.99 million||$35.30 million||View||Listen|
|11/4/2016||Q316||($0.37)||($0.37)||$29.20 million||$30.40 million||View||Listen|
|8/9/2016||Q216||($0.42)||($0.39)||$32.41 million||$33.60 million||View||Listen|
|5/10/2016||Q116||($0.35)||($0.46)||$42.86 million||$35.50 million||View||Listen|
|3/1/2016||Q415||($0.32)||($0.33)||$56.37 million||$52.20 million||View||Listen|
|11/4/2015||Q315||($0.25)||($0.32)||$65.60 million||$61.40 million||View||Listen|
|8/6/2015||Q215||($0.07)||($0.21)||$75.94 million||$74.50 million||View||Listen|
|5/8/2015||Q115||($0.01)||($0.08)||$99.34 million||$91.70 million||View||N/A|
|3/31/2015||$0.14||$0.12||$127.72 million||$134.50 million||View||N/A|
|11/4/2014||Q314||$0.34||$0.27||$154.08 million||$141.90 million||View||N/A|
|8/1/2014||Q214||$0.28||$0.29||$143.08 million||$145.10 million||View||N/A|
|5/5/2014||Q114||$0.25||$0.21||$137.52 million||$121.40 million||View||N/A|
|11/4/2013||Q313||$0.24||$0.29||$133.08 million||$132.20 million||View||N/A|
|8/6/2013||Q2 2013||$0.19||$0.26||$129.10 million||$129.00 million||View||Listen|
|5/6/2013||Q1 2013||$0.25||$0.22||$126.22 million||$127.10 million||View||Listen|
|2/28/2013||Q4 2012||$0.21||$0.34||$120.47 million||$137.60 million||View||Listen|
|11/5/2012||Q312||$0.26||$0.23||$127.77 million||$126.40 million||View||N/A|
Earnings Estimates for Tesco Corporation (NASDAQ:TESO)
2017 EPS Consensus Estimate: ($0.93)
2018 EPS Consensus Estimate: ($0.53)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History by Quarter for Tesco Corporation (NASDAQ TESO)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Tesco Corporation (NASDAQ:TESO)
Insider Ownership Percentage: 1.70%Insider Trades by Quarter for Tesco Corporation (NASDAQ:TESO)
Institutional Ownership Percentage: 91.12%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/14/2017||Thomas B Sloan Jr||VP||Sell||170||$4.70||$799.00|| |
|3/7/2017||Fred J Dyment||Director||Sell||20,000||$8.76||$175,200.00|| |
|1/4/2017||Fernando Rafael Assing||CEO||Sell||2,857||$8.55||$24,427.35|| |
|1/3/2017||Christopher L Boone||CFO||Sell||3,529||$8.25||$29,114.25|| |
|1/3/2017||Fernando Rafael Assing||CEO||Sell||5,214||$8.25||$43,015.50|| |
|1/3/2017||Nicholas Mawford||VP||Sell||757||$8.25||$6,245.25|| |
|12/21/2016||Fernando Rafael Assing||CEO||Sell||4,224||$9.03||$38,142.72|| |
|12/13/2016||Christopher L Boone||CFO||Sell||1,106||$8.80||$9,732.80|| |
|12/13/2016||Douglas Greening||VP||Sell||494||$8.80||$4,347.20|| |
|12/13/2016||Fernando Rafael Assing||CEO||Sell||11,533||$8.80||$101,490.40|| |
|12/13/2016||John Dielwart||Director||Sell||1,090||$8.80||$9,592.00|| |
|12/8/2016||Fernando Rafael Assing||CEO||Sell||30,444||$8.44||$256,947.36|| |
|12/7/2016||John Dielwart||Director||Sell||1,374||$8.60||$11,816.40|| |
|12/6/2016||Christopher L Boone||CFO||Sell||2,751||$8.16||$22,448.16|| |
|12/6/2016||Michael Irausquin||VP||Sell||696||$8.16||$5,679.36|| |
|12/6/2016||Thomas B Sloan||Insider||Sell||1,892||$8.16||$15,438.72|
|12/4/2016||Michael W Sutherlin||Director||Buy||5,500||$7.73||$42,515.00|
|12/4/2016||Thomas B Sloan||Insider||Buy||7,333||$7.73||$56,684.09|
|11/17/2016||Michael Irausquin||VP||Sell||4,098||$7.05||$28,890.90|| |
|11/11/2016||Fernando Rafael Assing||CEO||Sell||3,333||$7.15||$23,830.95|| |
|11/11/2016||Gary L Kott||Director||Sell||15,432||$7.06||$108,949.92|| |
|11/11/2016||Nicholas Mawford||VP||Sell||191||$7.06||$1,348.46|| |
|3/8/2016||Michael James Niedermaier||Insider||Sell||1,102||$11.42||$12,584.84|
|1/6/2016||Christopher L Boone||CFO||Sell||866||$7.09||$6,139.94|| |
|1/6/2016||Fernando Rafael Assing||Director||Sell||6,318||$7.10||$44,847.69|
|1/6/2016||Mihial Dean Ferris||SVP||Sell||3,679||$7.09||$26,084.11|| |
|1/6/2016||Roy Evan Mcniven||Insider||Sell||398||$7.11||$2,828.27|
|1/5/2016||Douglas Greening||VP||Sell||229||$7.36||$1,685.44|| |
|12/31/2015||Roy Evan Mcniven||Insider||Buy||1,395||$0.00||$0.00|
|12/30/2015||Douglas Christian Greening||Insider||Sell||345||$7.27||$2,508.01|
|12/23/2015||Fernando Rafael Assing||Director||Sell||2,368||$7.55||$17,889.06|
|12/23/2015||Roy Evan Mcniven||Insider||Sell||312||$7.56||$2,359.47|
|12/19/2015||Fernando Rafael Assing||Director||Buy||6,667||$0.00||$0.00|
|12/18/2015||Christopher L Boone||CFO||Sell||1,087||$7.09||$7,706.83|| |
|12/18/2015||Fernando Rafael Assing||Director||Sell||6,913||$7.08||$48,972.38|
|12/18/2015||Michael Irausquin||VP||Sell||334||$7.09||$2,368.06|| |
|12/18/2015||Mihial Dean Ferris||SVP||Sell||765||$7.11||$5,439.15|| |
|11/18/2015||R. Vance Milligan||Director||Buy||11,500||$7.82||$89,892.05|
|5/10/2015||Michael W Sutherlin||Director||Buy||1,167||$0.00||$0.00|
|5/10/2015||Mihial Dean Ferris||Insider||Buy||2,168||$0.00||$0.00|
|1/5/2015||Fernando Rafael Assing||CEO||Sell||5,329||$12.35||$65,813.15|| |
|1/5/2015||Julio M Quintana||Director||Sell||21,507||$12.12||$260,664.84|| |
|1/5/2015||Mihial Dean Ferris||SVP||Sell||2,812||$12.21||$34,334.52|| |
|12/12/2014||Mihial Dean Ferris||SVP||Sell||3,000||$12.29||$36,870.00|| |
|9/12/2014||Mihial Dean Ferris||SVP||Sell||1,671||$20.09||$33,570.39|| |
|8/12/2014||Fernando Rafael Assing||COO||Sell||1,753||$19.76||$34,639.28|| |
|6/9/2014||V Luxembourg Holdings S.A Lrp||Major Shareholder||Sell||1,066,182||$21.25||$22,656,367.50|| |
|5/20/2014||Julio Quintana||CEO||Sell||4,562||$21.05||$96,030.10|| |
|5/12/2014||Gary Kott||Director||Sell||9,633||$21.54||$207,494.82|| |
|5/12/2014||Mihial Dean Ferris||SVP||Sell||4,400||$21.48||$94,512.00|| |
|4/7/2014||Fernando Rafael Assing||COO||Sell||29,591||$17.93||$530,566.63|| |
|3/13/2014||Julio Quintana||CEO||Sell||12,252||$17.00||$208,284.00|| |
|3/12/2014||Julio Quintana||CEO||Sell||67,741||$17.01||$1,152,274.41|| |
|3/11/2014||Julio Quintana||CEO||Sell||101,237||$17.19||$1,740,264.03|| |
|12/13/2013||Mihial Dean Ferris||SVP||Sell||41,533||$18.26||$758,392.58|| |
|12/12/2013||Mihial Dean Ferris||SVP||Sell||4,667||$18.21||$84,986.07|| |
|12/11/2013||Jeffrey Foster||VP||Sell||2,491||$18.01||$44,862.91|| |
|11/13/2013||Fernando Rafael Assing||COO||Sell||2,923||$18.65||$54,513.95|| |
|11/13/2013||Julio Quintana||CEO||Sell||11,065||$18.63||$206,140.95|| |
|8/13/2013||Fernando Rafael Assing||COO||Sell||1,240||$14.95||$18,538.00|| |
|8/13/2013||Mihial Dean Ferris||SVP||Sell||1,664||$14.97||$24,910.08|| |
|5/15/2013||Julio Manuel Quintana||Director||Sell||4,036||$12.48||$50,367.67|| |
|11/14/2012||Julio M Quintana||CEO||Sell||6,637||$10.00||$66,370.00|| |
|8/10/2012||Mihial Dean Ferris||SVP||Sell||2,900||$11.28||$32,712.00|| |
Headline Trends for Tesco Corporation (NASDAQ:TESO)
Latest Headlines for Tesco Corporation (NASDAQ:TESO)
Tesco Corporation (TESO) Chart for Saturday, September, 23, 2017