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Last $12.02 USD
Change Today -0.04 / -0.33%
Volume 380.3K
TESO On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

tesco corp (TESO) Snapshot

Open
$12.03
Previous Close
$12.06
Day High
$12.17
Day Low
$11.85
52 Week High
06/9/14 - $22.50
52 Week Low
01/9/15 - $9.53
Market Cap
468.3M
Average Volume 10 Days
358.7K
EPS TTM
$1.33
Shares Outstanding
39.0M
EX-Date
05/27/15
P/E TM
9.0x
Dividend
$0.20
Dividend Yield
1.66%
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
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $300.3K
Vice President of Products
Total Annual Compensation: $188.2K
Compensation as of Fiscal Year 2014.

tesco corp (TESO) Key Developments

Tesco Corporation Approves Second Quarter Dividend Payable on June 15, 2015

Tesco Corporation announced that its board of directors approved a second quarter dividend of $0.05 per share of common stock issued and outstanding at the close of business on May 29, 2015. The dividend will be payable on June 15, 2015 to stockholders of record at the close of business on the record date.

Tesco Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance Second Half and Full Year of 2015

Tesco Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company's revenue was $121.4 million against $127.1 million a year ago. Operating loss was $5.6 million against operating income of $9.1 million a year ago. Loss before income taxes was $8.8 million against income before income taxes of $5.4 million a year ago. Net loss was $8.3 million or $0.21 diluted per share against net income of $3.3 million or $0.08 diluted earnings per share a year ago. Adjusted EBITDA was $9.6 million against $22.0 million a year ago. Adjusted net loss was $3.3 million or $0.08 diluted loss per share against net income of $8.4 million or $0.20 diluted per share a year ago. Excluding the $3.9 million pre-tax impact of the restructuring and other nonrecurring costs, adjusted operating loss was $1.7 million. Increases in inventory and capital expenditures used nearly $13 million in the first quarter. For the balance of 2015, the company expects to generate additional cash through improved profitability, further reductions in receivables and inventory and lower capital spending. The Company expects to incur an additional operating loss before restructuring charges for the second quarter of 2015. The Company's restructuring efforts are targeted to allow Tesco to generate positive operating income in the second half of 2015.

Tesco Seeks Acquisitions

Fernando Assing, Chief Executive Officer of Tesco Corporation (NasdaqGS:TESO) said "While our short-term priorities remain cash generation and the return to operating profitability, we plan to continue to implement our strategic plans for shareholder returns, acquisitions and organic investments as market conditions dictate".

 

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TESO Competitors

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Company Last Change
Aegion Corp $17.82 USD -0.19
Dril-Quip Inc $75.58 USD -0.25
Helix Energy Solutions Group Inc $15.67 USD -0.31
Hornbeck Offshore Services Inc $22.25 USD -0.24
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Industry Analysis

TESO

Industry Average

Valuation TESO Industry Range
Price/Earnings 49.0x
Price/Sales 0.9x
Price/Book 0.9x
Price/Cash Flow 47.5x
TEV/Sales 0.8x
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