Last $21.00 USD
Change Today +0.09 / 0.43%
Volume 63.2K
TESO On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 10:42 AM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

tesco corp (TESO) Snapshot

Open
$21.06
Previous Close
$20.91
Day High
$21.17
Day Low
$20.82
52 Week High
06/9/14 - $22.50
52 Week Low
11/20/13 - $15.49
Market Cap
841.8M
Average Volume 10 Days
234.2K
EPS TTM
$0.85
Shares Outstanding
40.1M
EX-Date
08/20/14
P/E TM
24.8x
Dividend
$0.20
Dividend Yield
0.47%
Current Stock Chart for TESCO CORP (TESO)

tesco corp (TESO) Details

Tesco Corporation, together with its subsidiaries, is engaged in the design, manufacture, and service delivery of technology-based solutions for the upstream energy industry worldwide. The company operates through Top Drive and Tubular Services segments. The Top Drive segment manufactures 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, and equipment brokers. It offers various portable and permanently installed top drive products that include hydraulically and electrically powered machines with lifting capacities of 150 through 750 tons. This segment also rents hydraulically powered top drive systems on a day-rate basis for land and offshore drilling rigs; and provides after-market sales and services, new units commissioning, working units recertification, rig up and installation, onsite training and top drive supervision, and ongoing maintenance contracts services. As of March 31, 2014, its rental fleet comprised 127 units. The Tubular Services segment offers various automated offerings; and conventional casing and tubing running services for oil and natural gas operating companies. This segment 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.

2,125 Employees
Last Reported Date: 03/4/14
Founded in 1966

tesco corp (TESO) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: $557.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $364.9K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $291.8K
Compensation as of Fiscal Year 2013.

tesco corp (TESO) Key Developments

Tesco Corporation Announces Management Changes

Tesco Corporation announced that Julio M. Quintana, President and Chief Executive Officer, has elected to retire at the beginning of January, 2015. In accordance with the company's succession plan, the board has designated Fernando R. Assing, currently Executive Vice-President and Chief Operating Officer, to succeed Mr. Quintana. Mr. Quintana expects to formally retire on January 1, 2015. However, the transition of responsibilities to Mr. Assing is planned to be completed by mid-December 2014. Mr. Assing came to Tesco in 2009 as Senior Vice President of Marketing and Business Development. He was subsequently promoted to the role of Senior Vice President and Chief Operating Officer in 2011 and Executive Vice President and COO earlier this year. Prior to coming to Tesco in 2009, Mr. Assing served in a series of operational and management roles of increasing responsibility during approximately 12 years at Schlumberger Ltd. and 6 years at Technip.

Tesco Corporation Announces Third Quarter Dividend, Payable on September 2, 2014

Tesco Corporation announced that its Board of Directors approved a third quarter dividend of $0.05 per share of common stock issued and outstanding at the close of business on August 22, 2014. The dividend will be payable on September 2, 2014 to stockholders of record at the close of business on the Record Date.

Tesco Corporation Announces Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended June 30, 2014; Provides Capital Expenditure Guidance for 2014

Tesco Corporation announced unaudited consolidated earnings results for second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of $145.1 million against $129.0 million for the same period in the last year. Operating income was $18.5 million against $13.8 million for the same period in the last year. Net income was $12.7 million against $10.2 million for the same period in the last year. Diluted earnings per share were $0.31 against $0.26 for the same period in the last year. Adjusted EBITDA was $30.0 million against $25.0 million for the same period in the last year. Income before income taxes was $19.3 million against $12.8 million for the same period in the last year. Total capital expenditures were $11.5 million, primarily for tubular services equipment, compared to $8.0 million in first quarter of 2014 and $7.6 million in second quarter of 2013. Adjusted net income was $11.9 million or $0.29 diluted earnings per share against $10.2 million or $0.26 diluted earnings per share for the same period in the last year. For the six months, the company reported revenue of $266.5 million against $256.1 million for the same period in the last year. Operating income was $27.6 million against $25.6 million for the same period in the last year. Net income was $15.8 million against $19.1 million for the same period in the last year. Diluted earnings per share were $0.39 against $0.48 for the same period in the last year. Adjusted EBITDA was $52.2 million against $47.3 million for the same period in the last year. Income before income taxes was $24.5 million against $25.4 million for the same period in the last year. Adjusted net income was $20.4 million or $0.51 diluted earnings per share against $16.5 million or $0.42 diluted earnings per share for the same period in the last year. The company still projects its total capital expenditures for 2014 to approach $45 million based on current market conditions.

 

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Industry Analysis

TESO

Industry Average

Valuation TESO Industry Range
Price/Earnings 25.4x
Price/Sales 1.6x
Price/Book 1.6x
Price/Cash Flow 25.3x
TEV/Sales 1.4x
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