EPS for Tesco (USA) (TESO) Expected At $-0.22; Cmt Asset Management LTD Has Decreased Its Newmont Mining (NEM) Stake

October 12, 2017 - By Linda Rogers

Cmt Asset Management Ltd decreased Newmont Mining Corp (NEM) stake by 60.02% reported in 2017Q2 SEC filing. Cmt Asset Management Ltd sold 29,623 shares as Newmont Mining Corp (NEM)’s stock declined 9.13%. The Cmt Asset Management Ltd holds 19,729 shares with $639,000 value, down from 49,352 last quarter. Newmont Mining Corp now has $20.37 billion valuation. The stock declined 0.16% or $0.06 reaching $38.33 per share. About 2.74M shares traded. Newmont Mining Corp (NYSE:NEM) has declined 1.49% since October 12, 2016 and is downtrending. It has underperformed by 18.19% the S&P500.

Analysts expect Tesco Corporation (USA) (NASDAQ:TESO) to report $-0.22 EPS on November, 3.They anticipate $0.15 EPS change or 40.54% from last quarter’s $-0.37 EPS. After having $-0.25 EPS previously, Tesco Corporation (USA)’s analysts see -12.00% EPS growth. The stock decreased 2.02% or $0.1 during the last trading session, reaching $4.85. About 152,384 shares traded. Tesco Corporation (USA) (NASDAQ:TESO) has declined 32.00% since October 12, 2016 and is downtrending. It has underperformed by 48.70% the S&P500.

Investors sentiment decreased to 1.7 in Q2 2017. Its down 0.03, from 1.73 in 2017Q1. It fall, as 17 investors sold Tesco Corporation (USA) shares while 20 reduced holdings. 20 funds opened positions while 43 raised stakes. 42.48 million shares or 3.96% less from 44.23 million shares in 2017Q1 were reported. Goldman Sachs Gru owns 124,942 shares. Whittier Of Nevada has invested 0% in Tesco Corporation (USA) (NASDAQ:TESO). Fmr Ltd reported 0% of its portfolio in Tesco Corporation (USA) (NASDAQ:TESO). Texas Permanent School Fund reported 34,112 shares. Foundry Prtn Ltd Liability Com reported 502,495 shares or 0.09% of all its holdings. Vanguard invested in 0% or 2.91M shares. Parametric Port Assoc Ltd Liability accumulated 197,204 shares. Teton Advisors accumulated 57,900 shares or 0.03% of the stock. Moreover, Morgan Stanley has 0% invested in Tesco Corporation (USA) (NASDAQ:TESO) for 156,650 shares. Alphamark Ltd Com holds 0% of its portfolio in Tesco Corporation (USA) (NASDAQ:TESO) for 300 shares. Teachers Retirement System Of The State Of Kentucky has invested 0% of its portfolio in Tesco Corporation (USA) (NASDAQ:TESO). Gsa Prtn Ltd Liability Partnership reported 55,769 shares. Georgia-based Invesco Ltd has invested 0% in Tesco Corporation (USA) (NASDAQ:TESO). Arizona State Retirement has invested 0% in Tesco Corporation (USA) (NASDAQ:TESO). California Public Employees Retirement Sys holds 0% or 99,500 shares.

Tesco Corporation is a provider of technology solutions for drilling, servicing and completion of wells for the upstream energy industry. The company has market cap of $226.76 million. The Company’s activities 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. It currently has negative earnings. The Company’s divisions include Products, Tubular Services, Research and Engineering, and Corporate and Other.

Among 5 analysts covering Tesco Corporation (NASDAQ:TESO), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. Tesco Corporation had 12 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co with “Hold” on Wednesday, August 30. As per Friday, October 6, the company rating was maintained by Cowen & Co. Cowen & Co downgraded it to “Market Perform” rating and $9 target in Thursday, January 19 report. The company was maintained on Wednesday, March 2 by iBERIA Capital Partners. The rating was maintained by Cowen & Co on Monday, June 5 with “Hold”. The firm has “Buy” rating given on Friday, August 7 by Guggenheim. Cowen & Co maintained the shares of TESO in report on Friday, July 7 with “Hold” rating. As per Thursday, December 22, the company rating was initiated by Bank of America. The firm has “Outperform” rating given on Thursday, November 5 by FBR Capital. The company was downgraded on Wednesday, August 12 by Zacks.

Since June 13, 2017, it had 0 insider buys, and 1 sale for $799 activity. $799 worth of Tesco Corporation (USA) (NASDAQ:TESO) was sold by Sloan Thomas B JR on Tuesday, June 13.

Investors sentiment increased to 0.93 in Q2 2017. Its up 0.09, from 0.84 in 2017Q1. It increased, as 73 investors sold NEM shares while 157 reduced holdings. 62 funds opened positions while 153 raised stakes. 337.68 million shares or 4.93% more from 321.82 million shares in 2017Q1 were reported. Da Davidson & accumulated 15,800 shares. Fmr Ltd Liability Corp has invested 0.02% of its portfolio in Newmont Mining Corp (NYSE:NEM). New York State Common Retirement Fund holds 0.05% in Newmont Mining Corp (NYSE:NEM) or 1.16 million shares. Oppenheimer accumulated 198,743 shares. Dreman Value Management L L C, Florida-based fund reported 26,286 shares. Moreover, Bnp Paribas Arbitrage has 0.17% invested in Newmont Mining Corp (NYSE:NEM) for 1.74 million shares. Public Employees Retirement Sys Of Ohio owns 230,273 shares. Old Mutual Customised Solutions (Proprietary) holds 11,000 shares. Synovus Financial Corp owns 71,789 shares. Rothschild Asset Management Incorporated accumulated 12,373 shares. Moreover, Sit Associates Inc has 0% invested in Newmont Mining Corp (NYSE:NEM) for 92 shares. Johnson Investment Counsel Inc has invested 0.01% of its portfolio in Newmont Mining Corp (NYSE:NEM). Illinois-based Oberweis Asset Management Inc has invested 0.06% in Newmont Mining Corp (NYSE:NEM). Meag Munich Ergo Kapitalanlagegesellschaft Mbh stated it has 0.32% of its portfolio in Newmont Mining Corp (NYSE:NEM). Centurylink Invest Mngmt accumulated 21,273 shares or 0.23% of the stock.

Among 24 analysts covering Newmont Mining Corporation (NYSE:NEM), 13 have Buy rating, 0 Sell and 11 Hold. Therefore 54% are positive. Newmont Mining Corporation had 77 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by FBR Capital on Tuesday, November 3 with “Mkt Perform”. On Friday, July 24 the stock rating was initiated by IBC with “Outperform”. The firm earned “Hold” rating on Tuesday, June 20 by Jefferies. The rating was upgraded by Mackie on Thursday, October 29 to “Buy”. The firm earned “Outperform” rating on Tuesday, April 26 by RBC Capital Markets. HSBC downgraded Newmont Mining Corp (NYSE:NEM) on Monday, October 26 to “Hold” rating. The stock of Newmont Mining Corp (NYSE:NEM) earned “Overweight” rating by JP Morgan on Thursday, November 3. FBR Capital maintained Newmont Mining Corp (NYSE:NEM) rating on Wednesday, July 20. FBR Capital has “Mkt Perform” rating and $39 target. BMO Capital Markets maintained Newmont Mining Corp (NYSE:NEM) rating on Sunday, October 1. BMO Capital Markets has “Buy” rating and $45.0 target. The stock has “Outperform” rating by BMO Capital Markets on Thursday, August 13.

Since May 1, 2017, it had 0 insider purchases, and 4 insider sales for $336,960 activity. MacGowan William N also sold $70,210 worth of Newmont Mining Corp (NYSE:NEM) shares. Shares for $33,670 were sold by Goldberg Gary J on Monday, May 1. On Tuesday, June 6 the insider Engel E Randall sold $199,500.

Cmt Asset Management Ltd increased United Contl Hldgs Inc (Put) stake by 25,000 shares to 35,000 valued at $2.63 million in 2017Q2. It also upped Macys Inc (Put) stake by 41,100 shares and now owns 241,100 shares. General Electric Co (Put) was raised too.

Analysts await Newmont Mining Corp (NYSE:NEM) to report earnings on October, 26 before the open. They expect $0.29 earnings per share, down 43.14% or $0.22 from last year’s $0.51 per share. NEM’s profit will be $154.12M for 33.04 P/E if the $0.29 EPS becomes a reality. After $0.46 actual earnings per share reported by Newmont Mining Corp for the previous quarter, Wall Street now forecasts -36.96% negative EPS growth.

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By1 Linda Rogers




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