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Last $12.69 USD
Change Today -0.17 / -1.32%
Volume 163.1K
TESO On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

tesco corp (TESO) Snapshot

Open
$12.86
Previous Close
$12.86
Day High
$13.02
Day Low
$12.47
52 Week High
06/9/14 - $22.50
52 Week Low
01/9/15 - $9.53
Market Cap
494.4M
Average Volume 10 Days
308.6K
EPS TTM
$1.57
Shares Outstanding
39.0M
EX-Date
03/20/15
P/E TM
8.1x
Dividend
$0.20
Dividend Yield
1.58%
Current Stock Chart for TESCO CORP (TESO)

tesco corp (TESO) Details

Tesco Corporation engages in the design, assembly, and service delivery of technology-based solutions for the upstream energy industry worldwide. It operates through Top Drive and Tubular Services segments. The Top Drive segment assembles and sells top drives that are used in drilling operations to rotate the drill string and/or casing while suspended from the derrick above the rig floor for drilling contractors, rig builders, equipment brokers, and exploration and production companies. It offers various portable and permanently installed top drive products that include hydraulically and electrically powered machines. This segment also provides top drive rental services on a day-rate basis for land and offshore drilling rigs; and after-market sales and services, rig up and training, top drive supervision, and ongoing maintenance and fleet management contracts services. The Tubular Services segment offers various automated offerings; and conventional casing and tubing running services for oil and natural gas operating companies, including independent companies, national oil companies, and other service companies. It also provides installation service of deep water completion equipment; and equipment and personnel for the installation of tubing and casing, including power tongs, pick-up/lay-down units, torque monitoring services, and connection testing services for new well construction, and in work-over and re-entry operations. The company was founded in 1966 and is headquartered in Houston, Texas.

2,264 Employees
Last Reported Date: 03/31/15
Founded in 1966

tesco corp (TESO) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $450.9K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $325.0K
Executive Director
Total Annual Compensation: $573.2K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $300.3K
Vice President of Products and General Manage...
Total Annual Compensation: $188.2K
Compensation as of Fiscal Year 2014.

tesco corp (TESO) Key Developments

Tesco Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Capital Expenditures Guidance for the Full Year of 2015

Tesco Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net loss of $2.1 million or $0.05 per diluted share and adjusted net income of $4.8 million or $0.12 per diluted share compared to net income of $5.1 million or $0.13 per diluted share and adjusted net income of $8.3 million or $0.21 per diluted share a year ago. Revenue was $134.5 million compared to $136.8 million for the fourth quarter of 2013, a decrease of 2%. Operating income was $1.6 million against $11.8 million a year ago. Loss before income taxes was $0.3 million against income before income taxes of $8.3 million a year ago. Adjusted EBITDA was $22.6 million against $24.6 million a year ago. Total capital expenditures were $5.3 million, primarily for tubular services equipment, a $3.9 million, or 30%, decrease from third quarter of 2014 and a $3.5 million, or 27%, decrease from fourth quarter of 2013. Adjusted operating income was $5 million. For the year, the company reported net income of $21.4 million or $0.53 per diluted share and adjusted net income of $34.9 million or $0.87 per diluted share compared to net income of $35.3 million or $0.89 per diluted share and adjusted net income of $40.0 million or $1.01 per diluted share a year ago. Revenue was $543.0 million compared to $524.9 million a year ago. Operating income was $46.5 million against $54.8 million a year ago. Income before income taxes was $38.4 million against $50.3 million a year ago. Adjusted EBITDA was $104.1 million against $103.4 million a year ago. The company projects its total capital expenditures for 2015 to be in the range of $10 million to $20 million based on its current market conditions.

Tesco Corporation, Q4 2014 Earnings Call, Apr 01, 2015

Tesco Corporation, Q4 2014 Earnings Call, Apr 01, 2015

Tesco Seeks Acquisitions

Tesco Corporation (NasdaqGS:TESO) is looking for acquisitions. Chris Boone, Chief Financial Officer of Tesco Corporation states, "As far as M&A, we're obviously looking today. I'd say the market is still relatively imbalanced in valuations, but I think as the market settles, we would be lookers today if there was more opportunities to look at. But I think it would still follow our same strategy that we've laid out in the past of Tubular Service acquisitions that would either enhance market share efficiencies or add offerings, and I think we would also continue to look at things that enhanced our rig automation strategies."

 

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TESO Competitors

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Forum Energy Technologies Inc $22.85 USD -0.41
Helix Energy Solutions Group Inc $16.35 USD -0.13
Hornbeck Offshore Services Inc $22.91 USD +0.06
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Industry Analysis

TESO

Industry Average

Valuation TESO Industry Range
Price/Earnings 24.0x
Price/Sales 0.9x
Price/Book 1.0x
Price/Cash Flow 23.1x
TEV/Sales 0.8x
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