Great West Life Assurance Co. Can held its stake in shares of Tesco Corporation (NASDAQ:TESO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,673 shares of the oil and gas company’s stock at the close of the second quarter. Great West Life Assurance Co. Can owned 0.13% of Tesco Corporation worth $272,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Public Employees Retirement Association of Colorado bought a new position in shares of Tesco Corporation in the 2nd quarter valued at about $297,000. Russell Investments Group Ltd. bought a new position in shares of Tesco Corporation in the 2nd quarter valued at about $221,000. Gradient Investments LLC boosted its stake in shares of Tesco Corporation by 77.3% in the 2nd quarter. Gradient Investments LLC now owns 121,605 shares of the oil and gas company’s stock valued at $541,000 after purchasing an additional 53,001 shares during the last quarter. Dalton Greiner Hartman Maher & Co. boosted its stake in shares of Tesco Corporation by 24.5% in the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 337,641 shares of the oil and gas company’s stock valued at $1,503,000 after purchasing an additional 66,470 shares during the last quarter. Finally, Aperio Group LLC boosted its stake in shares of Tesco Corporation by 7.4% in the 2nd quarter. Aperio Group LLC now owns 35,442 shares of the oil and gas company’s stock valued at $158,000 after purchasing an additional 2,455 shares during the last quarter. 91.12% of the stock is currently owned by institutional investors.
Tesco Corporation (NASDAQ TESO) opened at 4.60 on Wednesday. The company’s market cap is $215.07 million. Tesco Corporation has a 52 week low of $3.70 and a 52 week high of $9.65. The stock has a 50 day moving average of $4.38 and a 200 day moving average of $5.60.
Tesco Corporation (NASDAQ:TESO) last announced its earnings results on Tuesday, August 8th. The oil and gas company reported ($0.25) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.01). Tesco Corporation had a negative net margin of 47.72% and a negative return on equity of 18.21%. The company had revenue of $40.10 million during the quarter, compared to the consensus estimate of $41.01 million. During the same quarter in the previous year, the company earned ($0.39) earnings per share. The business’s revenue was up 19.3% on a year-over-year basis. Equities research analysts predict that Tesco Corporation will post ($0.94) earnings per share for the current fiscal year.
Several research analysts have recently issued reports on TESO shares. Zacks Investment Research raised shares of Tesco Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. 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. ValuEngine lowered shares of Tesco Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Seaport Global Securities reaffirmed a “neutral” rating on shares of Tesco Corporation in a research note on Wednesday, August 9th. Finally, FBR & Co set a $7.00 target price on shares of Tesco Corporation and gave the company a “buy” rating in a research note on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $6.50.
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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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